AGP Executive Report
Last update: an hour agoCBN Crackdown: Nigeria’s central bank revoked 46 microfinance bank licences, arguing the move protects depositors and financial stability amid capital and operational breaches. Asset Quality Watch: The Philippines’ BSP data showed banks’ gross bad-loan ratio rising to a nine-month high in May, with gross NPLs up to ₱601.4bn as the lagged impact of past rate hikes hits. Market Mood: Bursa Malaysia rebounded as softer US labour data eased fears of renewed Fed tightening, lifting banking stocks and the FBM KLCI. Digital Identity Funding: Wultra raised €6.8m to scale post-quantum, phishing-resistant authentication for banks and fintechs, targeting wider rollout of digital identity wallets. Tokenization Push: Mantle reported H1 2026 milestones, topping $1bn on-chain DeFi TVL and expanding RWA DeFi and tokenized equities. Operational Resilience Theme: A new report argues resilience is now about keeping critical digital services running to protect revenue and customer trust, not just disaster recovery. Corporate Moves: MeridianLink named new CRO and CTO roles to drive growth and transformation. Crypto Credibility: South Korean firms including Samsung and Dunamu disputed their inclusion in the Open USD consortium, raising consent questions ahead of launch.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
