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7614 results for "banking accountability"
Innocent people caught in cybercrime investigations can now get their frozen bank accounts reviewed through a new helpdesk in Karnataka. The service brings together banks, police, and account holders to solve freezing disputes fairly.
Australia's major banks have joined forces to fight organized crime, blocking over 1,000 suspicious accounts and helping seize 35 million illegal cigarettes in just four months. The unprecedented collaboration shows financial institutions can be powerful allies in disrupting criminal networks.
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After months of frozen accounts, South Africa's KwaZulu-Natal province has returned $400 million to 65,000 depositors and is rebuilding Ithala bank with new accountability measures. The turnaround shows how government intervention and governance reform can rescue financial institutions serving vulnerable communities.
In a rare banking accountability win, India's central bank has ordered five major banks to compensate a 78-year-old fraud victim for failing to monitor suspicious accounts. The regulatory decision could reshape how banks protect customers from digital scams.
Nigeria's central bank is limiting phone number changes on bank accounts to just once in a lifetime starting May 2026. The bold move aims to protect 68 million Nigerians from fraudsters who exploit phone numbers to hijack bank accounts.
Pension funds and asset managers are preparing to hold bank leaders accountable for backing away from environmental commitments. ShareAction will recommend votes against bank chairs who weaken their climate goals this spring.
A 17-year-old student in Bengaluru started teaching financial literacy to domestic workers after her cook broke down over her husband controlling all her money. Now 750 women have their own bank accounts and the knowledge to manage their finances.
A groundbreaking study shows women with bank accounts in sub-Saharan Africa can better protect their families from droughts and floods. The research covering 37 countries reveals financial access strengthens immediate crisis response, though long-term climate protection needs more support.
Nearly all of Kenya's I&M Bank customers now handle their banking digitally, marking a milestone that signals Africa's banking revolution is complete. The shift proves mobile-first banking has become the norm, not the exception, across East Africa.
Nigeria's Central Bank is launching a pilot program to make digital finance safer and more accessible for millions of young people and small businesses. The move could transform how everyday Nigerians send money, get paid, and grow their businesses.
Civil society groups in Nigeria are training communities to hold banks accountable for financing projects that harm the environment and people. The Fair Finance Nigeria Coalition is teaching residents how to demand better from the financial institutions that fund extractive industries in the Niger Delta.
One of Africa's biggest fintech companies just got permission to become a real bank in Nigeria. Flutterwave can now offer loans, savings accounts, and faster payments to millions of small businesses that traditional banks have left behind.
Digital bank Kuda just earned a major upgrade that will bring physical support centers to customers across Nigeria. The move shows how successful fintechs are bridging the gap between digital convenience and in-person service.
Visitors to the UAE can now open bank accounts instantly using a new digital tourist ID system. The innovation eliminates paperwork barriers that traditionally made banking inaccessible for short-term travelers.
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A small South African digital bank has accomplished something remarkable: zero card fraud and zero phishing since launching in 2021. Bank Zero's success proves that fighting financial crime is about design choices, not just technology budgets.
When 46 microfinance banks failed in Nigeria, insurance officials didn't make customers wait. They paid 700,000 depositors in under four days using smart technology that finds alternative accounts automatically. ##
Nigerian banks can now check if your phone number was recently swapped or flagged before processing transactions, closing a major loophole that's cost the country $195 million in two years. The new system stops criminals from draining accounts using stolen SIM cards.
Ghana's Attorney General has cleared former Finance Minister Dr. Kwabena Duffour and other Unibank directors of criminal charges, revealing investigations found zero evidence of theft or personal enrichment. The landmark decision draws a clear line between business failure and criminal conduct in banking.
Kenya's largest bank slashed fraud losses by 84% and stopped over 40% more scams in 2025, even as it fired double the employees for insider theft. The turnaround shows how investing in security technology is paying off for African banks.
Banks in Nigeria are finally making it easier for charities and non-profits to open accounts and deliver critical services. After years of being wrongly labeled high-risk, civil society groups are breaking through.
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