digital banking News

LG CNS Breaks New Ground: Exporting Cutting-Edge K-Banking System to Southeast Asia

LG CNS is exporting its advanced Korean-style digital banking system to Southeast Asia, starting with Indonesia. The company has secured a contract to implement a next-generation c...

Kotak Mahindra Bank Reports a Sharp 40% Decline in Q1 Net Profit Amid One-Time Gain Absence

Kotak Mahindra Bank faces a 40% drop in Q1 net profit due to the absence of last year's one-time gain, while showing a 7.6% growth in net interest income. The bank is focusing on d...

RBI Warns: Cyber Threats and Lack of Empathy Fueling Customer Complaints in Digital Banking Era

RBI deputy governor Swaminathan J addresses the challenges of digital banking, including cyber threats and the importance of empathy in customer service, urging vigilance and fores...

RBI Introduces Stricter Digital Banking Guidelines to Enhance Customer Safety and Transparency

The Reserve Bank of India (RBI) has introduced stricter guidelines for digital banking, focusing on customer safety, transparency, and the mandatory adoption of fraud detection sys...

RBI Introduces Stricter Guidelines for Digital Banking: Ban on Third-Party Product Promotions and Mandatory Customer Consent

The Reserve Bank of India proposes new draft rules for digital banking, including bans on third-party product promotions and mandatory customer consent, aiming to enhance security ...

Bank of Baroda Expands Its Footprint with New Raipur Zonal Office to Enhance Financial Services in Chhattisgarh

Bank of Baroda inaugurates a new zonal office in Raipur to enhance financial services in Chhattisgarh, focusing on digital banking, support for MSMEs, and agriculture-linked lendin...

Chime Financial Inc. Aims for Nasdaq Debut with Ambitious IPO Filing Under Ticker 'CHYM'

Chime Financial Inc. has filed for an IPO on Nasdaq, planning to trade under 'CHYM'. With 8.6 million members and a 23% growth, it aims to disrupt traditional banking by competing ...

Revolut Aims for Global Dominance: Targeting 100 Million Daily Users in 100 Countries

Revolut announces a goal of 100 million daily users across 100 countries, backed by a 38% increase in customers and 72% revenue growth in 2024, marking its fourth profitable year.

Revolut Aims for Global Dominance: Targeting 100 Million Daily Users in 100 Countries by 2024

Revolut announces ambitious goals to reach 100 million daily users in 100 countries, alongside revealing a 38% increase in its customer base and a 72% surge in group revenues in it...

Revolut Aims for Global Dominance: Targeting 100M Daily Users Across 100 Countries

Revolut announces ambitious goals to reach 100 million daily users across 100 countries, backed by a 38% increase in its customer base and a 72% surge in revenues, marking its four...

Chime Financial Inc. Delays IPO Amid Rising Tariffs and Market Uncertainty

Chime Financial Inc. delays its IPO filing amidst market uncertainty and global tariffs, joining other companies like Klarna and StubHub in postponing public debuts. This reflects ...

Santander and Verizon Forge Strategic Partnership to Boost US Digital Banking Expansion

Banco Santander S.A. partners with Verizon Communications to enhance its digital banking services in the US, offering Verizon customers incentives to open high-yield savings accoun...

Study Reveals: Rural Women Entrepreneurs in India Favor Traditional Banking Over Digital

A survey by DBS Bank India and Haqdarshak shows that 90% of rural women entrepreneurs in India prefer in-person banking, highlighting the need for improved digital financial litera...

Revolutionizing Savings: Post Office Introduces Paperless KYC and Aadhaar Authentication for Seamless Transactions

The postal department introduces a paperless KYC system for Post Office Savings Bank accounts, leveraging Aadhaar biometric verification for seamless transactions. Starting January...

SBI Chief Highlights Seasonal Economy Slowdown and Urges for Increased Private Capex

SBI Chairman C S Setty discusses the bank's strategies for navigating a competitive market, enhancing digital and physical channels, and contributing to economic growth. He emphasi...