India's BFSI sector leadership hiring consolidated around risk management and governance in 2025, with Chief Risk Officers emerging as the most sought-after role outside CEO positions according to Venator Search Partners' analysis of 76 CXO movements across 16 major NBFCs and HFCs. Control functions including CROs, Chief Compliance Officers, and CFOs captured 22.4 percent of total leadership replacements, reflecting boards' strategic bandwidth allocation toward...

SoftBank Group has finalized a $4 billion acquisition of DigitalBridge, positioning the Japanese conglomerate to dominate the physical infrastructure powering AI's global expansion. The deal delivers specialized capabilities in data centre development, edge connectivity, and power infrastructure as AI workloads overwhelm traditional capacity. DigitalBridge's expertise accelerates SoftBank's transformation into a leading provider of hyperscale compute facilities worldwide. Expanding AI Compute Foundations DigitalBridge manages extensive portfolios of...

RBI’s Annual Report 2024–25 shows a sharp disconnect between the number of bank frauds and the money being lost. The total value of bank frauds jumped from about ₹12,230 crore in FY24 to ₹36,014 crore in FY25—an almost threefold increase—while the number of cases fell from 36,060 to 23,953. This means the average fraud size has gone up dramatically, pointing to fewer but far...

India is sitting on one of the largest untapped financial opportunities in its banking sector, and it revolves around a simple truth: women remain underserved across every major financial product category. A new whitepaper released by MicroSave Consulting (MSC) and the National Institute of Bank Management (NIBM) lays out the scale of this gap and the growth potential India’s financial system could unlock by...

The global banking sector is moving into a more volatile phase as rapid digitalization, expanding use of artificial intelligence (AI), climate-linked vulnerabilities, and rising cyber risks reshape core business models. A new report by S&P Global Ratings warns that these shifts will create both long-term opportunities and structural pressure, with technology adoption becoming a key dividing line between resilient and fragile banks. According to the...

HCLTech’s latest industry report reveals a paradox at the heart of the payments sector: while nearly every firm uses AI in some form, very few are ready for its risks or complexity. As digital payments evolve into AI-powered ecosystems, the race to modernize is clashing with a lack of preparedness, outdated systems, and a crisis of trust. The global study surveyed payment leaders across geographies...

Genpact, a global professional services firm, has launched its latest agentic AI solution — the Genpact Insurance Policy Suite — aimed at transforming commercial and specialty insurance operations. The solution, part of Genpact’s Service-as-Agentic-Solutions™ portfolio, leverages Microsoft Azure AI to automate underwriting support, reduce cycle times, and enable data-driven decision-making. Intelligent Automation for Underwriters The new suite targets a longstanding challenge in the insurance industry: the...

Indian corporate treasury teams are undergoing a major transformation, with nearly half of them ranking automation and AI adoption as their top investment priority, according to the EY India Corporate Treasury Survey 2025. The findings, based on inputs from 85 treasury leaders across sectors, indicate a fundamental shift from traditional cash and risk management towards tech-driven, strategic treasury operations. From Experimentation to Execution The survey reveals...

A new investor sentiment report by crypto investment platform Mudrex has revealed that over 71% of Indian crypto investors are in favour of regulation over prohibition. The findings point to a growing desire for legal clarity and formal oversight within the cryptocurrency ecosystem, especially among retail and young investors. Despite existing tax rules and banking restrictions, investors continue to explore digital assets for long-term returns....

The Government of Odisha has selected Tata Consultancy Services (TCS) to implement the third generation of its Integrated Financial Management System (IFMS 3.0). The move aims to modernize the state’s financial infrastructure using cloud-native technologies and AI-driven tools. This new system is expected to bring real-time financial visibility, automate core workflows, and improve overall governance outcomes. The development is part of Odisha’s long-standing partnership with...