UK BNPL regulations come into effect: Industry reaction
Deferred payment credit (DPC), often known as Buy-now-pay-later (BNPL) is finally subject to FCA regulation. According to the FCA, it…
14 Jul 2026
Australia adds non-bank lenders to CDR framework
Australia's non-bank lenders have now been mandated to share interest rates, fees, and eligibility via the Consumer Data Right (CDR) system. This aims to expand loan comparison tools and improve…
14 Jul 2026
IDBI stake sale advances with revised bids from Fairfax, Emirates NBD
India has received revised bids from Fairfax Financial and Emirates NBD for the purchase of its stake in IDBI Bank, as the long-running privatisation process moves into a crucial stage.…
13 Jul 2026
HDFC headcount shrinks by over 3,000 amid automation push
India’s HDFC Bank is shifting backend employees to customer-facing roles by utilising technology-driven efficiencies. The country’s largest private lender has reduced its workforce by 3,343 employees in the financial year…
13 Jul 2026
UK puts four major cloud providers under direct financial regulation
The UK has placed its four key cloud service providers under direct financial regulatory oversight to reduce the risk of disruption affecting millions of users. The new framework designates Amazon…
10 Jul 2026
Raiffeisen upgrades to Broadridge’s BRx Match reconciliation platform
Centralised Raiffeisen International Services & Payments (CRISP), the shared service centre for Raiffeisen Bank International (RBI), has adopted Broadridge Financial Solutions’ BRx Match reconciliation system. The change is aimed at…
10 Jul 2026
Finland’s S-Bank enters €571m deal to acquire Oma Savings Bank
Finland’s S-Bank has issued a public cash tender offer covering all issued and outstanding shares of compatriot Oma Savings Bank for €571m ($653m). Shareholders other than Oma Savings Bank and…