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Local News

Redefining Ethical Banking: How Janashakthi Finance is Scaling Shariah-Compliant Solutions in Sri Lanka.

May 21, 2026 at 7:13 PM

Janashakthi Finance PLC is expanding its footprint in the alternative finance sector through its dedicated unit, focusing on Shariah-compliant and ESG-aligned financial products for the Sri Lankan market.

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Redefining Ethical Banking: How Janashakthi Finance is Scaling Shariah-Compliant Solutions in Sri Lanka
Image Credit : corporatenews.lk
Technology

US Banking Sector Faces Urgent Cybersecurity Overhaul Driven by Anthropic's Mythos AI.

Major US banks are scrambling to patch widespread IT vulnerabilities exposed by Anthropic's Mythos AI tool. The technology's ability to chain minor security flaws into high-risk exploits is forcing banks to update aging software at unprecedented speeds, raising concerns about potential system service disruptions.

May 18, 2026 at 4:19 AM
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Local News
The Evolving Threat: How Digital Fraud is Reshaping Financial Security in Sri Lanka
Image Source : island.lk

The Evolving Threat: How Digital Fraud is Reshaping Financial Security in Sri Lanka.

May 16, 2026 at 11:56 PM
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Local News

Severe Security Lapses in Sri Lanka's Treasury Payment Systems Sparks Urgent Audit.

The diversion of $2.5 million from a state foreign debt payment has triggered a national debate regarding the security and verification protocols governing Sri Lanka's high-value government transactions.

May 16, 2026 at 7:49 PM
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Janashakthi Finance Bolsters Alternative Investment Portfolio with Shariah-Compliant Framework
Image Source : island.lk
Local News•
May 14, 2026 at 5:19 AM

Janashakthi Finance Bolsters Alternative Investment Portfolio with Shariah-Compliant Framework.

Janashakthi Finance PLC is expanding its Alternative Finance Business Unit (AFBU) to meet the rising demand for ethical and ESG-aligned investments in Sri Lanka, offering specialized Shariah-compliant financial solutions.

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Local News

Sri Lanka Faces Financial Security Crisis Following $2.5 Million Cyber Heist.

May 12, 2026 at 12:23 AM

Sri Lanka is navigating a major financial security crisis after a $2.5 million cyber heist targeted Treasury systems, prompting a multi-agency investigation and concerns over the integrity of external debt repayment channels.

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Sri Lanka Faces Financial Security Crisis Following $2.5 Million Cyber Heist
Image Credit : global.chinadaily.com.cn
Local News
Urgent Need for Financial Oversight: Addressing Recent Lapses in State Fiscal Management
Image Source : ftadviser.com

Urgent Need for Financial Oversight: Addressing Recent Lapses in State Fiscal Management.

May 9, 2026 at 7:19 PM
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Finance

Modern Financial Markets Exhibit Higher Discipline Compared to the 1990s Era.

PIMCO's Lotfi Karoui argues that today's financial markets are significantly more disciplined and resilient than they were during the 1990s, offering a comparative perspective on current cross-asset credit dynamics.

May 8, 2026 at 7:24 PM
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Technology
Navigating AI Investments: Strategic Financial Leadership in a Transforming Era
Image Source : businessinsider.com

Navigating AI Investments: Strategic Financial Leadership in a Transforming Era.

May 4, 2026 at 10:07 AM
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Hopes Fade for Recovery of Rs. 13.2 Billion Lost in Major NDB Bank Fraud
Image Source : independent.lk
Local News•
May 2, 2026 at 7:33 PM

Hopes Fade for Recovery of Rs. 13.2 Billion Lost in Major NDB Bank Fraud.

Financial experts and banking officials suggest that recovering the Rs. 13.2 billion lost in the recent NDB fraud is highly unlikely due to the funds being converted into untraceable cryptocurrency. The situation has raised concerns regarding regulatory oversight and potential repercussions from the Financial Action Task Force (FATF).

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Local News

A String of High-Stakes Financial Frauds Rock Sri Lanka’s Economic Landscape.

May 2, 2026 at 7:31 PM

Sri Lanka is grappling with a series of significant financial irregularities, including a massive internal bank fraud and multiple government-level payment security breaches, raising urgent concerns over governance and oversight.

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Technology
The Rising Tide of Cybercrime: Protecting Your Assets in the Digital Age
Image Source : rightworks.com

The Rising Tide of Cybercrime: Protecting Your Assets in the Digital Age.

May 2, 2026 at 4:07 AM
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Technology
Federal Reserve Warns of Security Risks Posed by Anthropic’s Mythos AI
Image Source : federalreserve.gov

Federal Reserve Warns of Security Risks Posed by Anthropic’s Mythos AI.

May 1, 2026 at 6:13 PM
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Business
Navigating Uncertainty: The Evolving Role of Finance Leaders in the Digital Era
Image Source : sri-lanka.mom-gmr.org

Navigating Uncertainty: The Evolving Role of Finance Leaders in the Digital Era.

April 30, 2026 at 2:39 AM
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Sri Lanka Financial Authorities Sound Alarm Amid Escalating Digital Scams
Image Source : sundaytimes.lk
Local News•
April 29, 2026 at 4:31 AM

Sri Lanka Financial Authorities Sound Alarm Amid Escalating Digital Scams.

Financial authorities in Sri Lanka, including the Sri Lanka Banks' Association and FinCSIRT, have issued a critical warning regarding a sharp rise in online financial fraud targeting mobile users through malicious links and deceptive apps.

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Local News

Parliamentary Probe Initiated Into Mysterious $2.5 Million Financial Fraud.

April 27, 2026 at 3:40 AM

The Committee on Public Finance (COPF) is set to investigate a controversial $2.5 million cyber fraud incident involving the Ministry of Finance, as its chairman expresses deep skepticism over alleged hacking claims.

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Technology

Evolution of Finance: How Human Intelligence Complements AI in Modern Business.

As AI automates routine tasks, finance professionals are shifting toward strategic, data-driven leadership roles, with a focus on human judgment, ethical reasoning, and critical analysis.

April 26, 2026 at 11:32 PM
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Local News

IMF Closely Monitoring $2.5 Million Cyber Breach at Sri Lanka's Finance Ministry.

The International Monetary Fund is monitoring a $2.5 million cyber heist targeting Sri Lanka's Finance Ministry, which occurred during a critical period of economic recovery and pending aid disbursement.

April 25, 2026 at 11:55 AM
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Technology
Goldman Sachs Executive Kunal Shah on How Junior Talent and AI Are Reshaping Investment Banking
Image Source : riachannel.com

Goldman Sachs Executive Kunal Shah on How Junior Talent and AI Are Reshaping Investment Banking.

April 25, 2026 at 11:04 AM
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Technology•
April 24, 2026 at 12:42 PM

EU Market Regulator Issues Stern Warning on AI-Driven Cyber Risks to Financial Stability.

The European Securities and Markets Authority (ESMA) has highlighted that the rapid evolution of AI models is accelerating cyber threats, potentially destabilizing global financial markets already facing high valuations and geopolitical volatility.

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