Tag: banks

Australia’s Banks Are Embracing AI – But Are They Ready for the Challenges Ahead?

Commonwealth Science & Tech Piumi Fernando - January 15, 2025

The Australian Prudential Regulation Authority (APRA) has expressed greater openness toward banks leveraging artificial intelligence (AI), provided robust regulations...

20,000 Russian accounts closed by the largest bank in Cyprus

Europe Hafsah Zuhar - October 7, 2024

(Commonwealth_ Cyprus) In a significant move reflecting the evolving geopolitical landscape, the Bank of Cyprus has closed approximately 20,000...

Banks assist for Indian students

Asia Hafsah Zuhar - March 22, 2024

Principal Banks in the two countries have initiated a partnership to assist financial facilities for students from India entering...

Kenya: LGBTQ+ business owners who were turned down by banks…

Africa Warsha De Silva - October 17, 2023

Africa (Commonwealth Union) _ In the city of Mombasa, Mary Akinyi, an intersex woman, found herself borrowing money from...

What will the end of Lowe’s Term forge for the economy?

Pacific Piumi Fernando - July 14, 2023

Australia (Commonwealth)_As Philip Lowe's term as Reserve Bank governor in Australia nears its end, there is a sense of...

Australian banks revise forecasts

Pacific Piumi Fernando - June 20, 2023

Australia (Commonwealth)_Australia's major banks have revised their growth forecasts for the economy downwards, citing reduced household spending in response...

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Who profits the most in lending?

Commonwealth Maritime and Trade Suraj Atapattu - May 31, 2023

According to Fitch Ratings, the Bangladeshi Islamic finance industry is likely to continue growing over the medium-term outlook due...

Banks and stores may run out of cash during the holidays!

Commonwealth Business Wasana Nadeeshani - November 24, 2022

England (Commonwealth Union)_ Since more than 1,000 security personnel who deliver cash to some of the biggest banks and...

According to Moody’s, a fall in asset quality would affect Singapore banks’ profitability in 2023

Commonwealth Business Wasana Nadeeshani - November 17, 2022

Singapore (Commonwealth Union)_ The profitability of the three neighborhood banks will be challenged in 2019 due to a projected...

Introducing the crypto source product for banks from Mastercard

Blockchain News Mayondi Maralande - October 18, 2022

(Commonwealth Union)_ In an effort to find new ways to allow banks in its network to offer cryptocurrency-related items...

Kiribatians hold $682m in Australian banks!

Pacific Mayondi Maralande - August 24, 2022

Kiribati (CU)_Kiribati is a tiny country in the center of the Pacific Ocean that consists of 33 islands. Of...

Consumer watchdog’s scathing report on big banks’ treatment of Indigenous customers

Commonwealth Business Veronica Elishya - May 30, 2022

OTTAWA (CU)_Back in 2019, the Financial Consumer Agency of Canada (FCAC) conducted a mystery shopping review at six of...

Third of the big four banks to enter BNPL market

Commonwealth Business Veronica Elishya - May 30, 2022

MELBOURNE (CU)_Over the recent years, buy now, pay later schemes have become increasingly popular among Australians, particularly after consumers...

Rate hikes usually work in the favour of Canada’s big banks, but CIBC is taking a cautious stance

Commonwealth Business Veronica Elishya - May 23, 2022

TORONTO (CU)_Interest rates are currently on the rise in Canada, and this is generally expected to work in favour...

European investment banks slip into obscurity, with billions spent…

Commonwealth Business Veronica Elishya - April 18, 2022

LONDON (CU)_Since the beginning of this year, equity capital markets have been on a bumpy ride as a result...

Why are Canada’s big banks under pressure?