Commercial banks are “digital children”

Compared to the digitalization of retail banking, commercial banking is still in its digital infancy and Australian commercial banks are even further behind their international peers. Accenture has released its 2021 Commercial Banking Top Trends report, which indicates that the business divisions of Australian banks are most vulnerable to competition from fintechs and big techs due to widespread underinvestment. Chris …

RBI allows commercial banks to pay up to 50% of pre-Covid dividends

Archive photo of the Reserve Bank of India logo. The revised RBI circular provides that commercial banks can pay up to 50% of what they could before COVID. PTI Last update:April 23, 2021, 07:44 IST FOLLOW US ON: The Reserve Bank on Thursday authorized commercial banks to pay dividends for fiscal year 21, subject to certain conditions and limits. The …

Chinese digital yuan to be distributed with help from commercial banks

China became the first major economy to deploy a digital currency. The digital yuan will bypass the global financial system. Economists warn, however, that this could put the US dollar at risk in the long run. Loading Something is loading. The People’s Bank of China (PBOC) has introduced its first blockchain-powered digital currency controlled by its central bank. The project …