Saudi Arabia, the UAE and Malaysia are emerging as leading centres in Islamic fintech as global transaction volumes are projected to reach $341bn by 2029, according to a new industry report highlighting accelerating growth in Shariah-compliant digital finance. The Global Islamic Fintech Report 2025/26,
Two US financial institutions, State Bank of Texas and BankCherokee, have gone
The introduction of a digital euro could impose implementation costs of between
UK banks are entering a new phase of mortgage risk as accelerating
Senior UK banking executives are examining the creation of a domestic payments
Global banking regulators are raising concerns over the rapid expansion of credit risk transfer transactions,
Goldman Sachs has deepened its engagement with artificial intelligence by working with Anthropic to develop
Bank of Ireland prevented €9.7 million in customer losses in 2025 after deploying artificial intelligence
Cross-border banking mergers and acquisitions among European Union lenders hit about €17 billion in 2025,
India’s central bank has eased restrictions on acquisition financing, allowing lenders to fund deals up
Lloyds Banking Group has announced plans to close a further 95 branches across the UK,
U.S. banking lobby groups have formally objected to proposals that would allow cryptocurrency and fintech
Canada’s federal government has confirmed that 2026 will mark the formal launch of its long-awaited
The world’s largest banks are urging regulators to rethink a growing shift towards nationally driven financial reforms, warning that the replacement of global standards with domestic rules risks undermining stability despite short-term
HSBC Holdings Plc reported that its banking services in Hong Kong are gradually returning to normal after a significant technical disruption hit operations across the city’s network on Friday afternoon, affecting both digital and branch-based channels. The incident disrupted access
Smart banking is gaining traction among Nigerian entrepreneurs as business owners increasingly adopt digital financial tools that offer real-time transparency, control and simplicity in
U.S. dollar-backed stablecoins could siphon as much as $500 billion out of the deposits of U.S. banks by the end of 2028, according to
The European Central Bank has revised its crisis management guidelines to permit liquidity support for banks that are in the process of resolution, a move aimed at strengthening stability in the eurozone’s banking system. The change addresses a recognised gap in the EU’s framework
Hong Kong’s financial authorities have announced a substantial expansion of yuan liquidity provision to banks, a policy move aimed at reinforcing the city’s role as a leading offshore hub for China’s currency and supporting broader efforts to internationalise the renminbi. The Hong Kong Monetary
Europe’s reliance on foreign-controlled payment systems has emerged as a material financial stability and sovereignty issue, exposing a weakness in the bloc’s broader independence strategy. Recent political warnings have drawn attention to how deeply everyday commerce depends on networks beyond European control. The concern
Fintech companies operating in and beyond New York are recalibrating strategy in response to a comprehensive overhaul of state consumer protection regulations, setting a new benchmark for oversight of digital financial services. The revised regulatory framework introduces enhanced safeguards for users of fintech products,
President Donald Trump announced his intention to pursue legal action against JPMorgan Chase, asserting that the bank “incorrectly and inappropriately DEBANKED” him following the January 6, 2021 Capitol riot, according to a
Britain’s digital bank Revolut has formally applied for a full banking licence in Peru, marking its fifth planned market in Latin America as part of a broader strategy to deepen its presence
Central banks are increasingly experimenting with bitcoin and other digital assets as part of broader discussions about reserve diversification, even though mainstream monetary authorities remain cautious about formal adoption. A recent move
Wall Street is on track for its strongest investment banking performance since the pandemic, driven by a notable rise in fee income among the largest US banks. Analysts and market data suggest
India’s markets regulator has accused Bank of America’s local investment bank unit of breaching insider trading rules and internal confidentiality protocols in connection with a 2024 stock sale, underscoring compliance risks for
The Bank of England’s custody of Venezuelan gold reserves has resurfaced as a contentious financial issue, highlighting the complex intersection of sovereign assets, diplomatic recognition and global financial markets. London holds roughly
Nigeria’s largest payments technology company, Flutterwave, has completed the acquisition of open banking startup Mono in an all-stock transaction valued at between $25 million and $40 million, marking one of the rare
Global investors are warning that 2026 could bring a significant inflationary challenge driven largely by sustained and heavy investment in artificial intelligence infrastructure and technology, a risk they say remains underappreciated in
Russia’s central bank has filed a lawsuit seeking about $230 billion in damages from Belgium-based financial services firm Euroclear, intensifying a high-stakes legal and financial confrontation rooted in the freezing of Russian
Spanish banking group BBVA and artificial intelligence developer OpenAI have formalised a strategic alliance aimed at embedding generative AI deeply into financial services, signalling a new phase in how technology is reshaping the banking sector. The collaboration, announced by BBVA’s
UK banks are preparing to offer more personalised guidance on how customers might allocate their savings and investment funds, a shift that reflects evolving
The European Central Bank is preparing to propose a significant simplification of capital-buffer regulation for banks – not by reducing requirements, but by streamlining
Klarna has extended its partnership with Apple Pay into two of Europe’s largest consumer markets – France and Italy – enabling users to pay