All articles by RanjithKumar Dharma
RanjithKumar Dharma
NAB faces lawsuit over financial hardship response delays
ASIC alleged that NAB missed the 21-day legal deadline for 345 hardship applications between 2018 and 2023.
MSB, Backbase, SmartOSC partner on digital banking in Vietnam
Adopting the Backbase Engagement Banking Platform will enable MSB to consolidate its in-house applications.
Zafin launches new low-code data integration tool for banks
The new tool enables banks to easily visualise and build data pipelines, minimising custom coding.
LogicGate rolls out new banking risk management solution
The new Banking Solution empowers risk and compliance professionals to proactively address risks.
UK’s Metro Bank fined $20m for AML lapses
From June 2016 to December 2020, Metro Bank lacked adequate systems to monitor transactions for money laundering risks.
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Alacriti, Access Softek support instant payments for financial institutions
Integrating Alacriti’s Orbipay with Access Digital Banking provides financial institutions real-time payments within their ecosystem.
PNC Bank announces $500m investment in branch expansion
The expansion will double planned new branches to over 200 across 12 cities within five years.
Navy Federal Credit Union fined $95m over illegal overdraft charges
CFPB found that Navy Federal violated Consumer Financial Protection Act by failing to reveal peer-to-peer payment posting times.
American Plus Bank to buy United Fidelity Bank’s Long Beach branch
The transaction, pending regulatory approval, will see American Plus Bank acquiring the branch premises and equipment.
India plans to merge regional rural banks to streamline operations
The proposed mergers aim to establish one regional rural bank per state, leading to significant cost savings.