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BANKING SERVICES DISRUPTION
Europe's financial regulators query Google over cloud outage that hit banksThe European Banking Authority said that it has been in contact with Google Cloud to obtain further information on the incident, understand...- PSBs step up AI adoption, cyber resilience under EASE₹ise 8.0 reformsPublic sector banks in India are focusing on adopting artificial intelligence and enhancing cyber security measures. They are modernizing t...
- IT companies likely to see 2-3% AI led deflation over the next 1-2 yearsThe rise of artificial intelligence is anticipated to contribute to ongoing revenue challenges within the IT services sector. Leading firms...
- Air India and Standard Chartered offer Maharaja Club status to eligible clients in the UAE and SingaporeAir India has announced a partnership with Standard Chartered to enhance services for affluent clients. Eligible clients in Singapore and t...
- SBI flags dark web exposure of 3,897 customer records; names, mobile numbers, addresses among data leakedState Bank of India has flagged the suspected exposure of 3,897 customer records containing personally identifiable information on the dark...
- Google Cloud outage in London disrupts UK banking and online services, affecting major institutions-When will it be back up?A Google Cloud outage in London has impacted numerous digital services, including those of banks and public providers. Customers are experi...
- Google Cloud outage hits UK banksA significant Google Cloud outage disrupted online services for several UK banks, notably Lloyds and HSBC, beginning just after 2 a.m. loca...
- Google Cloud services face outage in London, Revolut services down tooSeparately, UK-based financial technology firm Revolut said it was experiencing a service disruption affecting its multiple services. It wa...
- LTM boss sees short-tenure AI deals fuelling quicker revenue boost in H2Deal closures are also at an inflection point with LTM's sales teams targeting AI deals that are shorter tenured but generate revenue quick...
- Cyberattacks on critical financial infra could disrupt payments, credit and market confidence, IMF warnsCyberattacks targeting critical financial institutions and market infrastructure could disrupt essential financial services and undermine m...
- Charting the global economy: Inflationary pressures mount in USA broad upswing in consumer prices last month helps reinforce expectations for additional Federal Reserve interest-rate increases in the mo...
- Big US bank stocks head for longest weekly losing streak since 2008Major US banks are experiencing their longest weekly losing streak since the 2008 financial crisis, driven by mixed quarterly earnings and ...
- Modernising legacy systems: How traditional industries are rethinking business operationsTraditional industries are investing in AI to improve operational efficiency, forecasting and decision-making. Yet integrating AI into esta...
- US announces new Iran-related sanctions targeting 16 people, 10 entitiesThe United States has imposed sanctions on 16 individuals and 10 entities connected to Iran's financial operations. US Treasury Secretary S...
- India's trade deficit widens to $30.21 billion in September despite 23% jump in exportsIn September, India's merchandise trade deficit expanded to $30.21 billion from $26.86 billion in August. Exports experienced a notable boo...
- Punjab Bandh Today October 15: Timing, reason, are banks open? Check bus and train updatesPunjab Band Today News: Punjab Bandh on October 15 will be observed from 6 am to 5 pm following the killing of anti-drug activist Parvinder...
- A $6 bn deal signals major appetite for the India prize as global giants look to deepen exposureThe sale of a controlling stake in IDBI Bank for around $6 billion is being viewed a pivotal moment in India's banking reform journey. The ...
- IMF's bullish call: Why is India sprinting when the world stumbles?The IMF has raised India's growth forecast to 7% for both FY27 and FY28, highlighting the country's resilience despite higher oil prices an...
- Could Iran target the Gulf’s digital backbone? The risks to data centres and internet cables explainedIran's warning raises concerns about the vulnerability of Gulf data centres and digital infrastructure to potential attacks. Recent escalat...
- UPI MDR rollout deferred until after DiwaliUPI MDR charges on eligible merchant transactions above Rs 2,000 have been deferred until after Diwali, with the exact implementation date ...
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