All articles by RanjithKumar Dharma
RanjithKumar Dharma
HSBC Australia sued over scam protection failings
ASIC alleges the bank lacked proper controls to prevent unauthorised transactions and failed to investigate reports promptly.
Fintech Zest AI secures $200m from Insight Partners
The investment will help Zest AI advance credit underwriting with more accurate AI-driven scoring methods.
Access Bank seals deal to buy South Africa’s Bidvest Bank
Bidvest Bank will be merged with Access Bank’s South African operations on deal completion.
CFPB overhauls overdraft fee rule for large US banks
CFPB’s action addresses a gap that allowed large banks to exclude overdraft fees from being considered a finance charge.
Qatar Islamic Bank, PayLater tie up on Shari’a-compliant BNPL services
The service combines QIB’s financial expertise with PayLater’s technology to provide instalment plans for purchases.
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India’s DFS directs banks to use AI and ML to boost fraud prevention
The RBI introduced banks to MuleHunter.AI, an AI/ML tool for detecting and monitoring suspicious accounts.
Comerica Bank faces CFPB lawsuit over federal benefits failings
The bank has been accused of disconnecting 24 million calls and charging illegal ATM fees to over a million cardholders.
UK digital lender Zopa secures around $85m in equity funding
This capital will support Zopa’s growth as it prepares to launch its flagship current account and GenAI offering by 2025.
CredAble, PowerCred tie up on working capital tech for Indonesian banks
PowerCred’s local expertise will drive region-focused solutions and speed up the digital transformation of banks.
ThreatFabric secures funding from Rabobank’s investment arm
This investment supports ThreatFabric’s goals of global expansion and bolstering banking security against emerging threats.