The Monday Roundup: what we are watching this week | Mar 31st

By Puja Sharma

The Monday Roundup sets the scene for the week’s biggest news stories, industry deals, and upcoming events. For Prime subscribers only.

Bye-Bye Paper, Hello Digital Dollars!

U.S. President Donald Trump has issued an executive order to eliminate paper checks in federal government transactions, mandating a complete shift to electronic payments by September 30, 2025. The directive covers all government disbursements, including benefits, vendor payments, tax refunds, and internal transactions. The White House emphasised that this move aims to reduce costs, minimise fraud risks, and enhance efficiency.

This shift presents a major opportunity for FinTech firms specialising in digital payments, fraud prevention, and real-time transaction processing. With government adoption accelerating the decline of paper-based payments, FinTech players can expand partnerships with federal agencies, optimise compliance solutions, and innovate secure payment infrastructures. The transition also reinforces the broader industry push toward seamless, cashless transactions, signalling stronger demand for FinTech-driven solutions in both public and private sectors.

Indosat Ooredoo Hutchison has partnered with Bank Saqu, the digital banking arm of PT Bank Jasa Jakarta, to enhance financial accessibility in Indonesia. Bank Saqu’s services will integrate into Indosat’s myIM3 and bima+ apps, offering seamless banking and savings features like Tabungmatic, an automatic savings tool for QRIS transactions.

This collaboration strengthens digital banking adoption by leveraging Indosat’s customer insights to provide tailored financial solutions. It reflects the growing synergy between telecom and banking, making financial services more accessible, especially for underserved communities. Ultimately, the initiative supports economic growth and promotes responsible money management across Indonesia.

What is the Buzz

Deutsche Bank plans to cut 2,000 jobs and reduce its branch network in 2025 as part of a broader effort to streamline operations and cut costs. This restructuring aligns with its financial targets, signaling a shift toward digital banking and efficiency-driven strategies. Additionally, the bank has appointed Raja Akram as CFO, emphasising financial discipline, while Fabrizio Campelli will oversee operations in the Americas, likely refining regional strategies.

These changes reflect Deutsche Bank’s response to economic pressures and evolving market conditions. The job and branch reductions suggest a push toward automation and a leaner operational model, reducing reliance on physical infrastructure. In the U.S., this could lead to a more focused presence, impacting employment and financial services. Leadership shifts indicate an emphasis on cost control and profitability, with potential restructuring in key markets. Overall, the moves highlight Deutsche Bank’s intent to remain competitive by balancing efficiency with strategic regional adjustments.