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banking sector News

Digital Transformation Leads to Workforce Reductions in Banking Sector

Michael Lee 12 Mar, 2025

Banks are increasingly adopting automation and AI, leading to workforce reductions. This shift towards digitalization is reshaping the banking sector, with a focus on enhancing eff...

Business

Banking Sector Braces for Impact: Rising Bad Loans Set to Undermine Profits by FY26

Olivia Carter 08 Jan, 2025

The banking sector is poised for a profitability decline by FY26 due to rising bad loans and higher credit costs, with unsecured retail loans identified as a major risk factor, acc...