New Zealand’s government has announced a market study into the banking sector, which is dominated by four Australian-owned banks. The study will examine the profitability, competition and innovation of the banks, and whether they are serving the best interests of consumers. Why is the government concerned about the banking sector? The government said it has long-standing concerns that the market is not working well for New Zealanders. It cited the…

India is witnessing a remarkable transformation in its financial landscape, driven by the rapid adoption of digital banking. Digital banking refers to the delivery and consumption of financial services through advanced technologies and internet connectivity. It offers various benefits such as convenience, security, efficiency and inclusion for millions of Indians, especially in rural areas. Digital Banking: A Game-Changer for India Digital banking has emerged as a game-changer for India, as…

The digital payment industry is undergoing a rapid transformation, driven by changing customer expectations, regulatory developments and technological innovations. Banks, as the traditional players in this space, face many challenges and opportunities to adapt to the new reality and remain competitive. In this article, we will explore some of the key trends that are shaping the future of payments and how banks can leverage new technologies to enhance their offerings…

Hyundai Motor Group, one of the world’s leading automotive manufacturers, has announced a multi-decade partnership with Georgia Tech, one of the top-ranked public universities in the United States. The collaboration aims to support the future of sustainable mobility, including developing a hydrogen economy, workforce development, and making cities smarter and more sustainable, among many other areas of cooperation. Hyundai’s Massive Investment in Georgia Hyundai Motor Group is investing $12.6 billion…

US health tech firm announces redundancies in Ireland Merative, a US-based health technology company, has announced that it will cut around 100 jobs in Ireland as part of its cost reduction efforts. The company, which was formerly known as IBM Watson Health, employs about 400 people in Dublin. The layoffs will affect around 25% of its current staff, mainly in the technology department. The company informed the Department of Enterprise…