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Business banking ‘a standout’ as Kiwibank sees full-year profit drop

Navigation for News Categories Kiwibank chief executive Steve Jurkovich Photo: Kiwibank Kiwibank has posted a lower full-year profit on the back of increased costs and a fall in margins. Key numbers for the year ended June compared with a year ago: Net profit $191m vs $202m Net interest income $858m vs $824m Lending $35.8b vs

Banking Giants Exploring Inter-Bank Stablecoin

Reading Time: 2 minutesMajor U.S. banks have initiated talks to develop a shared stablecoin for interbank settlements The proposed token would be backed 1:1 with U.S. dollars and built on permissioned blockchain infrastructure JPMorgan’s JPM Coin is not part of the effort but serves as an example of bank-issued digital assets in use today Several

Indian banking saw a 40% increase in wilful defaults in two years

Indian banks have managed to bring down non-performing loans (NPA) in two years, but their wilful defaults rose by 38.5%, or $11.4 billion.Read more...

Canada’s banking regulator seeks input on proposals that could mean big changes for mortgage lending

Canada's banking regulator seeks input on proposals that could mean big changes for mortgage lending  The Globe and Mail Banking regulator launches consultations on mortgage rules, proposes additions - Business News  Castanet.net B…

Digital Banking Market to Witness Massive Growth by 2028 : Backbase, Technisys, Infosys

The Global Digital Banking Market to witnessed good recovery in growth post first half of 2022 and is projected coverup market sizing during the forecast period (2022-2028).Pune, Maharashtra -- (SBWIRE) -- 12/28/2022 -- The Latest research study released by HTF MI "Global Digital Banking Market" with 100+ pages of analysis on business Strategy taken up

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