APA Apollo Group has announced a significant 43 percent jump in net profit, reaching Sh2.8 billion for the full year ending December 2025, fueled by strong insurance revenue growth and operational efficiencies.

• The Group's insurance revenue climbed 14 percent to Sh24.6 billion.
• Key figures include Group CEO Ashok Shah, who highlighted a strategy focused on profitable growth and customer-centricity.
• Notable developments include an expansion of product offerings through partnerships, such as the launch of an international medical cover with Hollard Health.

Equity Bank has been recognized as the Overall Best Bank in Kenya at the 2026 Think Business Banking Awards, distinguishing itself across multiple categories.

• The bank topped 10 categories and ranked second in two others.
• Equity Bank, along with its Group Managing Director and CEO, James Mwangi, who was named CEO of the Year.
• The awards evaluated banks on financial strength, innovation, governance, and customer focus, with Equity Bank excelling in retail banking, product innovation, and more.

Digital credit provider Tala is intensifying customer verification processes to comply with stringent regulations set by the Central Bank of Kenya (CBK).

• Mandatory submission of a valid national ID and a live selfie verification via the Tala app is now required.
• The compliance measures are driven by the Central Bank of Kenya Act (Amendment) 2021 and the Digital Credit Providers Regulations 2022.
• Tala Senior Compliance and Ethics Manager Tabby Mugechi stated the changes aim to enhance security and protect customers from fraud.

Banks worldwide are on high alert due to concerns that Anthropic's advanced AI model, "Mythos," could be exploited by cybercriminals to breach security systems.

• Anthropic's AI model, "Mythos," has reportedly uncovered thousands of severe security vulnerabilities, including "zero day" exploits.
• Anthropic is investing US$100 million in usage credits and US$4 million in grants to address these bugs.
• Regulators and policymakers recently convened at the International Monetary Fund spring meeting to discuss this emerging cybersecurity threat to the banking industry.