financial institutions

It's been a busy week in the Irish banking landscape as AIB, Bank of Ireland and Permanent TSB have all released their annual results for 2021. Many angles have emerged - from a return to profits, to the resumption of dividends, and…

MONROVIA – The Central Bank of Liberia (CBL) and commercial banks have signed a Memorandum of Understanding committing the parties to closely coordinate the implementation of CBL's currency switch plan. The MoU, signed on Wednesday,…

CARACHI: The Central Bank of Pakistan has fined five commercial banks Rs 57.8 million for violating rules and regulations during the quarter ended December 31, 2021. Citing the nature of the breach committed by the banks, the central…

New Delhi: According to Reserve Bank of India (RBI) data on global operations, gross non-performing assets (GNPA) of regular commercial banks (SCB) have decreased from Rs. 9,33,779 crore (GNPA ratio of 9.07%) as of!-->!-->…

Ministry of Finance Gross non-performing assets of regular commercial…

KARACHI: Now the government will be forced to take expensive loans from commercial banks for budget financing or any other need, because a controversial new law has banned it from obtaining loans…

Nordic FinTech Lunar has selected Thought Machine, the cloud-native core banking technology, to modernize its system and develop new services, the companies announced on Tuesday (January 18th). According to the announcement, Lunar's goal is…

TACOMA, Wash., January 7, 2022 /PRNewswire/ -- Columbia Banking System, Inc. ((", Columbia", NASDAQ: COLB) expects to release fourth quarter and full year 2021 financial results after market close Wednesday, January 19, 2022. Management…

Zac Maufe, head of global banking solutions for Google Cloud, knows the biggest obstacle preventing US banks from moving to the cloud: inertia. Part of this is because we were the first to move. “Financial services were the first to…

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(MENAFN- Caribbean News Global) BASSETERRE, Saint Kitts - The Central Bank of the Eastern Caribbean (ECCB) has recognized CIBC / First Caribbean International Bank (Barbados) Ltd in Antigua and…

(MENAFN- Caribbean News Global) BASSETERRE, Saint Kitts - The Central Bank of the Eastern Caribbean (ECCB) has recognized CIBC / First Caribbean International Bank (Barbados) Ltd in Antigua and…

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys and the European Financial Management & Marketing Association (EFMA), today unveiled the 13th edition of the annual "Innovation in Retail Banking"…

SINGAPORE, December 8, 2021 / PRNewswire / - Brankas, South East Asia'technology leader Open Finance, today announced that it has received the Monetary Authority of Singapore'Financial Industry Technology and Innovation (FSTI) Proof of…

SINGAPORE, December 8, 2021 / PRNewswire / - Brankas, South East Asia'technology leader Open Finance, today announced that it has received the Monetary Authority of…

How did commercial banks perform in 2020 Authors):…

On Monday, October 25, 2021, President Muhammadu Buhari officially unveiled the Central Bank of Nigeria. Digital Currency (CBDC), known as eNairaNigerian commercial banks were supposed to use codes to register their customers but…

Manama, Bahrain - Andra Public Relations, a renowned Bahrain-based communications company specializing in FinTech, has announced its 11th FinTech Series powered by the Kuwait Finance House Bahrain (KFH Bahrain); one of the leading Islamic…

SCB Wins Nine Premier Retail Banking Awards, Reaffirming Success in Providing Solutions That Truly Meet Customer Needs…

KUALA LUMPUR (November 26): A well-implemented digital banking system will propel the economy and encourage greater financial inclusion, according to a discussion at the World Islamic Economic Forum Foundation's (WIEF) latest Powertalk…

PProtecting the personal information of customers is one of the most basic principles of banks and other financial institutions. With the successive promulgation of the Civil Code, the Data Security Act and the introduction of…

PProtecting customers' personal information is one of the most fundamental principles of banks and other financial institutions. With the successive enactment of the Civil Code, the Data Security Act and the introduction of…

CENTRAL Bank of Nigeria (CBN) Governor Godwin Emefiele urged Nigerians to take necessary action when commercial banks impose discretionary fees on their bank deposits. Emefiele, who spoke at the Monetary Policy Committee (MPC) meeting on…

The sale of Citi Philippines' retail and consumer assets is on track, and bank officials have said they are happy with the list of major local banks they are in talks with for a takeover. Citibank Philippines Inc. James…

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UNITED NATIONS, Nov 22 (Reuters) - The United Nations on Monday called for urgent action to support Afghan banks, warning that a rise in the number of people unable to repay their loans, a drop in deposits and a shortage of liquidity could…

UNITED NATIONS (Reuters) - The United Nations on Monday called for urgent action to support Afghan banks, warning that a rise in the number of people unable to repay their loans, a drop in deposits and a shortage of liquidity could lead to…

"Afghan's financial and banking payment systems are in disarray. The problem of bank management must be resolved quickly to improve Afghanistan's limited productive capacity and prevent the banking system from collapsing," says the UNDP…

Two weeks ago, the Central Bank of Nigeria (CBN) gave approval in principle (AIP) to two of Nigeria's largest telecommunications companies, MTN and Airtel. With these AIPs, the subsidiaries of these operators, MoMo…

This discussion should be read in conjunction with the unaudited Consolidated Financial Statements of Columbia Banking System, Inc. (referred to in this report as "we", "our", "Columbia" and "the Company") and notes thereto presented…

Regulators in several Chinese provinces have ordered commercial banks in cities to cap their wealth management assets at current levels, Caixin learned Thursday from industry insiders. Authorities issued the order in verbal…

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Central Bank of Nigeria Following improved business activity in the country, commercial and investment bank borrowing from the Central Bank of Nigeria (CBN) fell 33.2 percent to N505.3 billion in October from 756.37 billion naira…

T2 titles, a provider of digital transformation solutions for banking and credit, and Boston Focus Group (BCG) today announced the launch of YieldBuilder, a solution that addresses efficient loan pricing for commercial banks. The companies…

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Opinion “Deploying well-designed central bank-issued digital currencies can transform our societies into modern, innovative, more resilient and very user-centric economies. could even be risky from a national and global security…

With the launch of a digital checking account for businesses and associated debit card on Thursday, American Express Co. could be poised to shake up the payments industry in ways never seen before, observers say. "This…

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JURIST EXCLUSIVE - Law students and lawyers in Afghanistan file reports with JURIST on the situation there following the Taliban takeover. Here, a JURIST staff correspondent in Kabul offers observations on the current state of…

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Recently, the Central Bank of Nigeria (“CBN”) issued a directive to commercial banks to post the personal information of customers who violate the provisions of its PTA / BTA guidelines (“Guidelines”) on their websites. Now from a data…

Reserve Bank Governor Shaktikanta Das said on Monday that a fair and impartial audit is essential for a resilient economy because it inspires confidence in citizens. Speaking to…

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A man wearing a protective mask walks past the Bank of Japan headquarters amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon/File PhotoJoin now for FREE unlimited access to…

The frenetic pace of innovation disrupting the financial sector has introduced a level of uncertainty that the sector has never faced before. New entrants and a rapidly changing business model have provided customers with a plethora…

While 'altcoin' cryptocurrencies have been making a lot of noise lately, there is still value in the real deal. Following the coin shortages linked to the pandemic in 2020 and the growing reliance on digital payments, IMF - the Food…

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TACOMA, Wash., October 14, 2021 / PRNewswire / - Columbia Banking System, Inc. ("Columbia" NASDAQ: COLB)…

Posted: October 14, 2021 at 4:16 p.m. EDT TACOMA, Wash., October 14, 2021 / PRNewswire / - Columbia Banking System, Inc. ("Columbia" NASDAQ: COLB) expects to release its third quarter 2021 financial results before market opens on!-->…

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ERI, provider of the leading OLYMPIC Banking System technology platform digitizing front-to-back financial services processes, and Bottomline (NASDAQ: EPAY), a leading provider of financial technology that makes commercial payments simple,…

ERI, provider of the leading technology platform OLYMPIC Banking System digitizing front-to-back financial services processes, and Bottomline (NASDAQ: EPAY), a leading provider of financial technology that makes business payments simple,…

TACOMA, Wash and SACRAMENTO, California., October 1, 2021 / PRNewswire / - Columbia Banking System, Inc. (NASDAQ: COLB), ("Colombia"), today announced the completion of its acquisition of Bank of Commerce Holdings (NASDAQ: BOCH), (" Bank…

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TACOMA, Wash.Sept. 30, 2021 /PRNewswire/ -- Columbia Banking System, Inc. ("Colombia") (NASDAQ: COLB) today announced that a quarterly cash dividend of $0.30 per common share will be paid on October 27, 2021 to shareholders of record at…

KUALA LUMPUR (September 29): Annual growth in total deposits in the Malaysian banking system slowed to 3.9% in June 2021 from 6% in March 2021, but remained supported by precautionary savings from households and businesses, Bank Negara…

A prototype of multiple central bank digital currencies (mCBDC) developed by the Bank for International Settlements and four central banks demonstrated the potential of using digital currencies and distributed ledger (DLT) technology for…

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The US bank on Tuesday announced an $ 8 billion deal to buy the US retail operations of Japanese group Mitsubishi UFJ Financial Group (MUFG). The takeover of MUFG Union Bank will allow the Minneapolis-based US bank to strengthen its…

US bank JP Morgan Chase is replacing its core banking system with a cloud-native system from UK fintech Thought Machine. The Google-inspired system, known as the Vault, enables banks to provide customers with functionality and ease of use…

TACOMA, WA and SACRAMENTO, CALIF., September 22, 2021 (GLOBE NEWSWIRE) - Columbia Banking System, Inc. (NASDAQ: COLB, “Columbia”), the holding company of Columbia State Bank and Bank of Commerce Holdings (NASDAQ: BOCH, “Bank of Commerce”),…

More than 60% of startup owners and 40% of established business owners surveyed were unable to secure a bank loan or institutional capital from a finance company between 2015 and 2020. Additionally, about 80% of startups surveyed had…

Clauses in a bank's terms and conditions that assume a customer's consent to subsequent changes are common. However, on April 27, 2021, the German Federal Court of Justice ruled that these types of clauses are now invalid. The same…

ZANZIBAR President Dr Hussein Mwinyi last February appointed seasoned banker and former University of Dar es Salaam lecturer Dr Muhsin Salim Masoud to head the People's Bank of Zanzibar (PBZ). In an interview with editor-in-chief MASATO…

MANILA, Philippines - The Department of Finance (DOF) is committed to strengthening the Islamic banking system in the Philippines to boost investor confidence and advance peace in the Bangsamoro Autonomous Region in…

Total household deposits with commercial banks in Bosnia and Herzegovina at the end of June this year stood at BAM 14.35 billion, which is the highest level recorded so far, and economists point out that the main…

By Gur Geva, Founder and CEO of iiDENTIFii Now more than ever, the need to improve data security within financial services and banking institutions has taken center stage. Customers, both business and personal, need…

Investment banks and commercial banks represent two divisions of the banking industry, and each type provides significantly different services. Investment banks speed up the buying and selling of bonds, stocks, and other…

Custody isn't the most compelling corner of the crypto ecosystem, but 21st century solutions for the storage and custody of digital assets are essential if cryptocurrencies are to be adopted at scale. For this reason, the recent…

Qatar's commercial banks saw robust double-digit growth in public sector credit and domestic debt, with their total assets reaching QR 1.75 billion in April, according to central bank data.Data from the Central Bank of Qatar (QCB) also…

The Bank of Namibia this week hosted an event to honor women appointed to leadership positions in the country's largest commercial banks, as they contribute to the national aspiration to transform the management and ownership of financial…

The total aggregate assets of eight listed commercial banks in Qatar grew 3.7% in the first nine months of 2020 to reach QR 1.69 billion, according to a PwC report. Local banks showed steady growth in 2020 despite the implications of the!-->…

New Delhi: Commercial bank financing of coal projects fell 126% from 2018 to 2019, according to a recent report. He said commercial banks provided 950 crore rupees in coal loans.While coal funding declined a further 82% in 2019. “This is…

Former JP Morgan global head of energy trading Daniel Masters was one of the first traditional investors to venture into bitcoin, helping to craft the value proposition that many institutional investors are now embracing.…

Renewed interest in digital currencies Digital currencies are quickly becoming a priority for commercial banks. Although Facebook has been forced to return to the drawing board with its grand global monetary plan…

After the troubled Yes Bank restructuring project, investors have high hopes that the bank will survive. This was reflected when the lender's share price jumped over 400% from an all-time low in just 2 trading sessions after the…

In retail banking, a bank has only one customer (or two) per account. In the business scenario, however, there are so many more stakeholders for each account, which makes service excellence much more complex. When customers are…

Europe's problems with some of its largest financial institutions could spill over into the rest of the global market. Deutsche Bank shares fell on Friday, before cutting losses somewhat, following a report that a…

Shares of Deutsche Bank hit record highs this week on growing concerns about the struggling German lender, and fell again on Thursday.On Thursday, a Bloomberg report raised concerns that a handful of funds are less willing to do…

Deutsche Bank shares hit record lows this week amid growing concerns over the survival of the ailing German lender. In the past two weeks he has been hit with billions in fines from the US Department of Justice and reports that the…

The Kabul Bank, one of the largest private financial institutions born after the fall of the Taliban, sits at the very center of the Afghan political and economic elite. One of Mr. Karzai's brothers, Mahmoud, is a majority shareholder, as…

A banking system in crisis after the bursting of a real estate bubble. An economy in the throes of jobs. A market oriented government struggling to stem the panic. Seems familiar?This is the case for Sweden. Was the country so far in…