Yes Bank fined for non-compliance in Swift operations

Kuala Lumpur [Malaysia], March 12: As a strategic move to refresh and strengthen its core vision, Hong Leong Islamic Bank ("HLB Islamic" or the "Bank") is transitioning to a refreshed consumer-facing brand identity, now known as HLB Islamic, and a strengthened core proposition that approaches financial services not as a series of siloed products and transactions, but as total wealth stewardship through a Shariah-principle-guided life-cycle approach known as Hayat @ HLB Islamic. This evolution is rooted in the Bank's new philosophy, 'Timeless Principles Guiding Tomorrow's Wealth', introduced during its 20th anniversary last December to signal a new chapter in wealth stewardship.

India's non-bank financial companies (NBFCs) are expected to expand faster than traditional banks over the coming decade as lenders adopt artificial intelligence and expand into new loan segments, according to a research report by Nomura.

Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, in partnership with BitGo Bank & Trust, N.A. ("BitGo"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO). Through the partnership, Wizz Financial is utilizing BitGo's institutional-grade wallet infrastructure and e-trade services to facilitate the conversion of fiat currency into stablecoins, enabling near-real-time settlement, enhanced liquidity management, and compliant, scalable cross-border remittance flows across its global network as new corridors are progressively launched.

New Delhi [India], March 12: Hyland, the pioneer of The Content Innovation Cloud™, is pleased to announce the appointment of Kumaran Sasikanthan as Managing Director, India and Senior Vice President of Engineering. With more than 25 years of enterprise engineering and leadership experience, Sasikanthan is a seasoned enterprise software executive with a strong track record of scaling global engineering organizations. In this dual role, Sasikanthan will play a strategic leadership role in advancing Hyland's growth across its India operations while also leading the company's global OnBase and Perceptive Content engineering teams. His appointment reflects Hyland's continued investment in India as a key driver of innovation, scale, and global collaboration. Veteran enterprise software leader to drive growth across India operations while advancing Hyland's global engineering strategy and innovation at scale.

Bangalore (Karnataka) [India], March 12: DataArt, a global software engineering firm that delivers breakthrough data, analytics, and AI platforms, has partnered with CHRIST (Deemed to be University), Bangalore Yeshwanthpur Campus, to launch IT Museum - India, a new digital platform dedicated to preserving India's rich information technology heritage. Officially inaugurated in February at the KEC Auditorium in the presence of His Grace Archbishop Raphy Manjaly of the Archdiocese of Agra, the initiative emphasizes both its academic and cultural significance.