News
Identity fraud: Increasingly regionally specialised and AI-driven
9+ hour, 28+ min ago (135+ words) Retail Banker International Identity fraud is no longer evolving uniformly, according to research released by Microblink. Instead, fraudsters are increasingly tailoring their techniques to specific regions, document ecosystems, and verification systems while using generative AI to make attacks faster, cheaper,…...
Kotak to acquire Deutsche Bank's retail and wealth businesses in India
1+ day, 5+ hour ago (330+ words) The businesses involved include about "2. 7bn'in loans, along with "1. 5bn'in deposits and "1bn of assets under management." Kotak Mahindra Bank has entered'an agreement to take over Deutsche Bank's retail banking, affluent private'banking'and wealth management operations in India.' According to Reuters, the…...
Personetics'AI platform embedded in Fiserv's Experience Digital'
2+ day, 6+ hour ago (177+ words) Personetics, the cognitive banking platform, has been embedded within Experience Digital (XD) from Fiserv, giving banks and credit unions'additional'ways to provide more personalised digital experiences to customers and members.' The'addition allows financial institutions to use data in real time inside the…...
FCA issues UK crypto reforms " industry reaction
2+ day, 5+ hour ago (484+ words) FCA reveals'a set of landmark'crypto rules designed to strengthen the UK's position as a global digital assets hub UK firms supporting people to buy, trade and hold crypto must now meet clear standards under landmark rules set out by the…...
Surge in AI tools raises alarm over rising bank fraud
2+ day, 5+ hour ago (132+ words) AI-driven fraud is rising in digital banking; banks need stronger detection and customer education to curb growing losses, writes Bhavya Patel The long-term implications for banks are substantial. Mastercard projects that global fraud losses could rise by 153% over the next…...
Interview: Kueski's CTO Jaime Romero on how AI is rebuilding credit infrastructure in emerging markets
2+ day, 21+ hour ago (201+ words) As credit models evolve, Jaime Romero discusses with RBI editor Douglas Blakey the shift from static bureau-based scoring to real-time, AI-driven decisioning Romero: At Kueski, our approach has been different from the beginning. We were built as a technology and…...
External review clears HDFC Bank of ex-chair's governance claims
3+ day, 6+ hour ago (537+ words) Atanu'Chakraborty'called the report "a hugely caveated one and in a sense superfluous." The bank appointed law firms in the'March of this year'after'Chakraborty stepped down, pointing to "certain happenings and practices within the bank, that I have observed over'last'two years, are…...
Digital-only lender Jet Bank begins operations in Albania
3+ day, 5+ hour ago (228+ words) Jet Bank has started'operating'as a digital-only bank in Albania and has released its mobile application.' The lender is licensed and supervised by the Bank of Albania." It received its banking licence in March 2026 as a newly established institution rather than…...
Interview: Neo4j Global Head of Finserv Michael Down on the $442bn fraud problem banks can't see
3+ day, 5+ hour ago (637+ words) Michael Down, Global Head of Financial Services at Neo4j, tells RBI Editor Douglas Blakey that the fraud challenge for banks is not just scale, but is also, crucially, visibility Some $442bn'has been lost globally to financial fraud in the last year…...
South Korea's rise in household debt raises questions over financial stability
3+ day, 6+ hour ago (172+ words) Korea's May household borrowing surge, fuelled by stock FOMO and cheap credit, raises debt and default risks'especially for youth, writes Bhavya Patel Global Data's Global Lending Analytics 2025 cites 44% of borrowers in South Korea missed or have fallen behind on their…...