Tag: Banking
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Uganda’s First Fully Digital School Lending Solution Debuts from Stanbic Bank and FinCom’s SchoolPay
Uganda’s First Fully Digital Lending Solution for Schools In a groundbreaking move for Uganda’s education and finance sectors, Stanbic Bank Uganda has joined forces with FinCom Technologies to launch a fully digital lending solution tailored for schools. The partnership centers on SchoolPay, FinCom’s innovative platform designed to streamline school-related payments and financing. This marks a…
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Banks Rally to Thwart Reeves’ Cash ISA Cut: A Last-Ditch Rate War
Universities and market players brace for the ISA shake-up UK savers could face a tighter ceiling on their cash ISA ambitions as the government outlines plans to reduce the cash ISA limit to £12,000. The move, part of a broader effort to streamline tax incentives, has triggered a rapid response from banks racing to attract…
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Alliance Bank Logs Best Quarter in Three Years, Declares 9.37 sen Dividend
Alliance Bank Reports Best Quarter in Three Years Driven by Higher Income and Lower Provisions Alliance Bank Malaysia Bhd (KL:ABMB) has posted its strongest quarterly performance in three years, underpinned by higher net interest income and markedly lower loan loss provisions. The bank announced results for the three months ended 30 September 2025, highlighting a…
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Alliance Bank Posts Best Quarter in Three Years, Declares 9.37 Sen Dividend Per Share
Alliance Bank Spars for Market Optimism with Strong Quarter Alliance Bank Malaysia Bhd confirmed a standout quarter, posting its best performance in three years thanks to higher income and a notable drop in loan-loss provisions. The Kuala Lumpur-listed lender announced a net profit of RM206.56 million for the three months ended September 30, 2025 (2QFY2026),…
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Banks Grapple with Major Vendor Data Breach as FBI Investigates
Overview: A Widespread Vendor Breach Hits Major Banks In what authorities are calling a significant cybersecurity incident, a trusted vendor—used by hundreds of banks and financial institutions—suffered a compromise that could allow unauthorized access to sensitive customer data. The breach has prompted frantic risk assessments across the banking sector and triggered a federal investigation led…
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Bank Data Breach: FBI Probes Vendor Hack at SitusAMC
Overview: A Major Vendor, A Widespread Breach A sweeping data breach involving a third-party vendor has put the spotlight on the fragile links in the banking industry’s security chain. The incident, which surfaced over a weekend, centers on SitusAMC, a vendor whose software and services are used by hundreds of banks and financial institutions. The…
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A Swath of Bank Customer Data Was Hacked. The FBI Is Investigating
Overview: A Major Breach Tied to a Vendor A sweeping data breach has put a spotlight on the security practices of vendors that support the banking sector. The FBI has confirmed an active investigation into the incident, which centers on a compromise at a third-party service provider used by hundreds of banks and financial institutions.…
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Why African Banks Must Lead Urban Infrastructure Projects
Why banks should lead Africa’s urban infrastructure push As Africa’s urban population continues to rise, the continent faces a pivotal choice: who should finance the backbone of its future cities? Nigerian, Kenyan, South African, and other African banks are uniquely positioned to lead urban infrastructure projects—housing, electricity, water, and transport—by leveraging local knowledge, patient capital,…
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Why African Banks Should Lead Urban Infrastructure Projects
Why African Banks Are Best Positioned to Lead Urban Infrastructure Africa’s urban future hinges on smart, scalable infrastructure. As megacities expand and populations double over the next 25 years, housing, electricity, and transport systems must keep pace. African banks and institutional investors stand at the forefront of this opportunity, uniquely positioned to mobilize capital, manage…
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Public Bank Q3 Profit Drops on Slower Interest Income
Public Bank Reports 3Q Profit Decline Public Bank Bhd, one of Malaysia’s leading financial institutions, reported a 3Q 2025 net profit of RM1.84 billion, down 3.65% from RM1.91 billion a year prior. The fall underscores the bank’s exposure to lower interest-based income as borrowing costs and loan pricing dynamics shift in a rising-rate environment that…