Detectives from the Banking Fraud Investigation Unit (BFIU) have arrested Seth Mwabe Okwanyo, who is accused of carrying out a well-planned cyberattack that stole KSh11.4 million from a microfinance ...

A group of banks led by Deutsche Bank AG has been unable to sell about $1.2 billion of loans backing the acquisition of a software provider — the latest casualty of investor fears surrounding ...

Sony Interactive Entertainment has announced that PS5 system software update 26.01-12.60.00 is now available to download, and it does more than simply improving system performance and stability. One ...

Seda projected a net interest margin for Q1 2026 in the range of 3.90% to 3.95%, stating: "After bottoming out in the first quarter, we expect net interest margin to trend higher each quarter ...

Stablecoins that offer interest-bearing rewards may increasingly resemble bank deposits. But unlike traditional deposits, they lack the regulatory safeguards that undergird the banking system. That ...

Stablecoin issuers and distributors offering customers access to stablecoin yield may essentially be creating their own parallel ecosystem to bank operations, global bank JPMorgan's chief financial ...

Jeremy Barnum told JPMorgan shareholders that yield-bearing stablecoins risk creating a parallel banking system without the safeguards of traditional regulation. Stablecoins emerged as a topic during ...

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Bank of America Chairman and CEO Brian Moynihan said last week that, as President Trump searches for a new chair of the Federal Reserve, maintaining the banking system's independence is paramount. The ...

MUMBAI, Dec 23 (Reuters) - The Reserve Bank of India will infuse about $32 billion worth of rupee liquidity into the banking system over the next month via open market bond purchases and a buy/sell ...

Marquis, a software provider for banks that also supports compliance needs, has been the target of a ransomware attack apparently caused by a SonicWall flaw. While there is no information on the ...

Application underscores Mercury’s profitability and long-term vision to create a regulated, software-led financial institution for ambitious companies and individuals. SAN FRANCISCO--(BUSINESS ...