MUMBAI, India, June 12, 2026 /PRNewswire/ — AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first institution in over a decade to receive in-principle approval from the Reserve Bank of India (RBI) to transition into a Universal Bank, has significantly enhanced its Foreign Currency Non-Resident [FCNR (B)] deposit rates, with the peak USD deposit rate increasing from 5.15% p.a. to 7.10%* p.a., effective June 10, 2026. This revision underscores the Bank’s strategic focus on strengthening its NRI franchise amid rising demand for stable foreign currency deposits and diversified funding sources.

FCNR deposits remain a key channel for mobilising overseas Indian savings into India, while offering protection against exchange rate fluctuations.

Available in US Dollars, FCNR deposits offer NRIs a fully repatriable investment avenue with income tax exemption in India on both principal and interest, along with attractive returns on overseas earnings.

* Interest on FCNR (B) deposits is paid out semi-annually.

Further strengthening its NRI proposition, AU SFB has also introduced zero forex margin and zero bank charges on eligible inward and outward remittances, placing it among the few private sector banks in India to eliminate embedded forex mark-ups that can typically erode up to 2% of transfer value.

Under this proposition, customers benefit from currency conversion at the Bank’s Interbank Reference Rate (IBR) with no additional transaction charges. This significantly enhances the efficiency of cross-border money movement for NRIs. With a compelling combination of high USD-denominated returns, zero-cost remittances, and seamless servicing, AU SFB is well positioned as a preferred banking partner for NRIs seeking efficient wealth management and savings solutions in India.

https://www.au.bank.in/interest-rates/au-fcnr

About AU Small Finance Bank

AU Small Finance Bank Limited (AU SFB) is a Scheduled Commercial Bank and has established itself as India’s largest Small Finance Bank since commencing its banking operations in April 2017. Founded in 1996 by Mr. Sanjay Agarwal, a first-generation entrepreneur, AU is entering its 10th year as a Bank.

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SINGAPORE, June 12, 2026 /PRNewswire/ — For years, loyalty programmes across banking, credit card, and financial institutions have been built around a familiar formula: collect points, unlock perks, repeat. But across Asia-Pacific, consumers are beginning to expect something different.

According to the APAC Loyalty Index released by Dragonpass, the region’s loyalty economy is rapidly shifting away from transactional rewards toward lifestyle relevance, emotional trust, and everyday utility. The study, which surveyed consumers across Southeast Asia and China, found that while “trust” remains the foundational driver of brand loyalty, consumers increasingly demand value that feels immediate and personalised.

The results highlight growing fatigue with traditional loyalty mechanics in the region. While 80% of respondents stay loyal to their bank because it is the most secure option for their money, 28% say their loyalty rewards simply do not match their lifestyle — and a striking 53% of high-income earners find their current loyalty rewards are misaligned with their actual needs.

Travel and Digital Concierge as the New Loyalty Levers

The Index highlights that travel remains the most powerful tool for customer retention. Younger consumers and affluent segments demonstrated a strong preference for integrated digital concierge services, premium travel experiences, and personalised lifestyle benefits. This highlights the convergence of financial services and lifestyle ecosystems across APAC markets.

“The traditional loyalty model was designed around transactions, but consumers today demand something far more intuitive and integrated into their lifestyle,” said John Su, Group CGO & APAC CEO of Dragonpass. “They expect their banks or financial providers to play an active role in their everyday lives. This is exactly where we have invested heavily, not only in spanning our global travel, dining, and premium lifestyle services, but in the technology that is designed precisely to close this gap, helping financial institutions deliver relevant, real-time value at every stage of the customer lifecycle.”

For banks, fintechs, and payment brands, the implications are significant. As competition intensifies and switching barriers continue to fall, loyalty is increasingly becoming a strategic growth lever rather than a marketing add-on. The brands most likely to retain high-value customers may ultimately be those that can turn loyalty from a points programme into a seamless part of consumers’ lifestyles.

About Dragonpass

Dragonpass is a global travel and lifestyle platform delivering premium travel and lifestyle experiences to 40+ million members worldwide.

Media Contact
Email: brandmarketing@dragonpass.com
Website: www.dragonpass.com

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SOURCE Dragonpass

Powering 24/7 markets across all asset classes and trading models

NEW YORK, June 12, 2026 /PRNewswire/ — Vermiculus, a global independent provider of market infrastructure solutions, and its trading product VeriTrade has been awarded Best Matching Engine for Exchanges and Electronic Trading Venues at the 2026 TradingTech Insight US Awards 2026. 

The award recognizes VeriTrade’s innovation in delivering 24/7 trading, ultra-low, deterministic latency and extreme throughput (18us @50,000tps, 100us@850,000tps), combined with the flexibility and scalability required to support modern, continuously operating markets. 

“It is great to see VeriTrade recognized with this award,” says Johan Norén, System Architect for VeriTrade at Vermiculus. 

“With markets moving towards 24/7 trading, the ability to operate reliably around the clock is becoming critical. VeriTrade is designed with this in mind, combining deterministic performance with key capabilities such as intra-day updates of reference data, resilient architecture, and advanced memory management, ensuring stable and predictable operations in continuously running markets.”

Built on a modular design, VeriTrade also supports emerging use cases such as prediction markets alongside crypto and traditional asset classes both for exchanges targeting institutional as well as retail customers.

Its flexible architecture allows venues to adapt quickly to evolving market demands and regulatory requirements, without compromising performance. 

Vermiculus index engine further extends VeriTrade with integrated index capabilities, enabling markets to build and grow their index business. It supports both Price Return and Total Return indices and enables additional calculation methodologies to be introduced as needed.

VeriTrade can be deployed in the cloud, on-premises, or in a hybrid setup. This gives operators flexibility while keeping full control of their infrastructure.

“We have no strategic, commercial, or technical alignment with any specific cloud, hosting, or infrastructure provider. This allows our clients to retain full flexibility and control over their technology choices,” comments Alexander Kilian, Principal Architect at Vermiculus.

All Vermiculus solutions are built, delivered, and supported using Vermiculus project model with dedicated teams. This ensures deep expertise, continuity, and world-class support throughout the entire system lifecycle. 

Johan Norén, System Architect for VeriTrade, and Alexander Kilian, Principal Architect.

About Vermiculus Financial Technology

Vermiculus Financial Technology AB provides best-in-class trading, clearing, and CSD solutions to market participants around the world. Vermiculus’ solutions are the first to bring state-of-the-art advances in dynamic microservice architecture together with vast experience in clearing house, exchange, and CSD business requirements. The company started its operation in 2020 and is founded by industry experts with the incentive to revolutionize the technology of exchanges, clearing houses, and CSDs. With its headquarters in Stockholm, Sweden, Vermiculus consists of hand-picked teams, trained to deliver mission-critical solutions. With decades of accumulated knowledge and expertise, the team has previously completed 5+ projects for the world’s largest exchanges, clearing houses, and CSDs. 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/vermiculusft/r/veritrade–from-vermiculus-wins–best-matching-engine-for-exchanges-and-electronic-trading-venues–a,c4362103

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