Risk Management

How Did a Ransomware Attack Disrupt Over 300 Indian Banks' Payments?
Digital & Technology How Did a Ransomware Attack Disrupt Over 300 Indian Banks' Payments?

A recent ransomware attack has brought a significant part of India's banking sector to a standstill. Affecting over 300 banks, the attack targeted critical payment systems, causing massive disruptions in everyday banking functions and leaving millions of customers without access to essential

GTBank Transforms Operations with Infosys' Finacle Core Banking System
Digital & Technology GTBank Transforms Operations with Infosys' Finacle Core Banking System

Guaranty Trust Bank (GTBank) of Nigeria has undertaken a significant step in modernizing its operations by adopting the Finacle core banking system supplied by Infosys. This move marks a comprehensive digital transformation aimed at enhancing operational efficiency and customer experience across

The Symbiotic Evolution of Fintechs and Traditional Banks
Digital & Technology The Symbiotic Evolution of Fintechs and Traditional Banks

The financial services industry is undergoing a significant transformation driven by technological advancements, evolving customer expectations, and changing regulatory landscapes. Central to this transformation is the evolving relationship between fintechs and traditional banks. Once seen as

Is Fintech Revolutionizing the Future of the Insurance Industry?
Trends & Future Is Fintech Revolutionizing the Future of the Insurance Industry?

The insurance industry, traditionally known for its conservative approach and slow adaptation to change, is undergoing a significant transformation. This change is driven by the advent of financial technology, or fintech, which is reshaping how insurance services are designed, delivered, and

How Can Financial Institutions Meet DORA Compliance Challenges?
Regulatory & Compliance How Can Financial Institutions Meet DORA Compliance Challenges?

The Digital Operational Resilience Act (DORA) is a regulation introduced by the European Union to enhance cyber resilience and operational sturdiness in the financial sector. With the increasing frequency and sophistication of cyber threats, DORA aims to safeguard over 22,000 financial institutions

U.S. Bank Focuses on Growth in Capital Markets and Wealth Businesses
Banking U.S. Bank Focuses on Growth in Capital Markets and Wealth Businesses

U.S. Bank is making strategic moves to bolster its capital markets and wealth businesses, aiming for significant growth in these areas. Following an investor day in September, the bank faced skepticism from analysts regarding its growth projections. Stephen Philipson, head of wealth, corporate,

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