AGP Executive Report
Last update: 7 hours agoRBI Policy Move: India’s RBI will end its FCNR(B) USD-INR forex swap facility early, moving the FCNR(B) deposit mobilisation deadline to Aug 31, 2026, after inflows hit $56.846bn as of Aug 13. Banking Tech Upgrades: Stanbic IBTC says it has upgraded its transaction banking software to FinnAxia® 9.0, aiming for more real-time payments, collections, liquidity and cash management. Open-Banking Legal Tension: The CFPB’s open-banking plan is set for a 90-day White House review, with banks and fintechs bracing for a new legal fight over whether banks can charge fees for data access. Workforce Restructuring: NatWest International plans to cut 32 back-office jobs in Gibraltar, saying customer services won’t be affected. Digital Banking Partnership: Strata Credit Union selected Alkami’s Digital Banking Platform to modernize mobile-first, personalized member experiences. Crypto Market Shock: Hyperscale Data shares fell 16% after it liquidated about 685 BTC for roughly $43m, earmarked largely for a Michigan data center. Cybersecurity Alert: Apple is now showing “high-confidence” spyware attack warnings directly on the iPhone lock screen in 110 countries. Bank Performance: KeyCorp reported strong Q2 results, with revenue up 26% and commercial loans up $2.1bn, while asset quality stayed solid.
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