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Ant International partners with Brazilian firms to enhance financial inclusion with AI-powered credit solutions

Ant International partners with Dock to advance financial inclusion in Brazil Ant International, a leader in digital payments and financial technology, has announced a new...

Goldman Sachs to lay off over 1,300 employees in annual workforce review: Report

Goldman Sachs is set to reduce its global workforce by over 1,300 employees as part of its annual review process to eliminate low performers,...

HDB Financial Services leads the way as the first NBFC to launch NPCI’s e-KYC Setu System

HDB Financial Services HDB Financial Services (HDBFS), a leading non-banking financial company (NBFC), has set a new industry benchmark by becoming the first to integrate the...

RBI imposes monetary penalty on two different Co-operative bank and one Zila Sahkari bank

RBI in action: RBI imposes monetary penalty The Reserve Bank of India (RBI) has, by an order dated August 23, 2024, imposed a monetary penalty...

ICRA Report: Declining liquidity coverage ratios to slow down credit growth for banks

ICRA report highlights decline in retail and small business deposits In its recent report, ICRA highlighted that the share of deposits from retail customers and...

The Accounting and Bookkeeping Industry’s suffer from an ‘Image Problem’: Report

Xero launches Mentor Program to accounting and bookkeeping Image Problem New research from Xero, a global small business platform, reveals that nearly half of accountants and...

RBI imposes monetary penalty on 2 different P2P private lender

RBI imposes penalty on NDX P2P Private Limited for regulatory non-compliance The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,92,00,000/- (Rupees...

NPCI incorporates NPCI BHIM Services Ltd (NBSL) as a wholly owned subsidiary

NPCI establishes NPCI BHIM Services Ltd. as wholly owned subsidiary to boost digital payments ecosystem National Payments Corporation of India (NPCI) has announced the incorporation...

Securitization volumes generated by affordable housing finance companies are projected to rise by 27% in FY2025: ICRA

ICRA Projects Securitisation Volumes by affordable housing finance companies to Reach Rs 8,800 Crore in FY2025 ICRA anticipates that securitization volumes originated by affordable housing...

IDB, World Bank, and CAF strengthen collaboration to combat transnational organized crime in Latin America and the Caribbean

IDB, World Bank, and CAF Join Forces to Enhance Knowledge and Strengthen Security Policies in Latin America and the Caribbean The Inter-American Development Bank (IDB),...

NBFCs fairly resilient to intensifying headwinds; however,growth to moderate to 13-15% in FY2025: ICRA

ICRA's Outlook on NBFCs: Challenges and Growth Projections: ICRA highlighted that the non-banking financial companies(NBFCs)shall witness headwinds related to funding availability, which is likely to...

Fintech news: Cards and convenience reign supreme in Aotearoa: Report

Fintech News: Xero Report Highlights the Importance of Payment Convenience for Kiwi Consumers Amid Barriers for Small Businesses New research from the global small business...

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Mahindra Manulife Mutual Fund announces the launch of Mahindra Manulife Value Fund

Mahindra Manulife Mutual Fund, a joint venture between Mahindra & Mahindra Financial Services Limited ("Mahindra Finance") and Manulife Investment Management (Singapore) Pte. Ltd., has...

MobiKwik reports total income of INR 9,140 Mn for nine months of FY25, surpassing full-year FY24 income

One MobiKwik Systems Ltd. India’s largest digital wallet, today announced earnings results (standalone and consolidated) for nine months ended December 31st, 2024, and third...

SCOR: January 2025 P&C reinsurance renewals results

In line with its Forward 2026 strategic plan, SCOR continues to grow its P&C preferred lines while maintaining a strong underwriting discipline. During...

UBS reports 4Q24 net profit of USD 0.8bn and FY24 net profit of USD 5.1bn; proposes USD 0.90 dividend per share

UBS Group AG has announced its financial results for the fourth quarter and full year of 2024, showcasing significant growth in profitability. The Swiss...