FedNow, launched by the Federal Reserve on Thursday, is a groundbreaking initiative aimed at revolutionizing the way Americans transfer money by enabling instant and real-time […]
Category: Banking
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CoinDCX partners with Jocata to bolster compliance processes
Jocata, a RegTech platform provider for the BFSI industry, has announced its partnership with crypto company CoinDCX to further strengthen their Anti-Money Laundering (AML) compliance […]
Emirates NBD elevates WhatsApp banking service
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has launched an enhanced and upgraded version of its […]
Basel Committee finds US compliant with NSFR, LEX
The United States implementation of the Net Stable Funding Ratio (NSFR) standard and large exposures (LEX) framework are largely compliant with the global standards set […]
UAE banking sector well-capitalised with adequate liquidity buffers
The Central Bank of the UAE (CBUAE) has issued its Financial Stability Report for 2022. The report provides a comprehensive assessment of the stability of […]
Bank of Canada raises policy rate by 25bps, continues quantitative tightening
The Bank of Canada has recently raised its target for the overnight rate to 5%, accompanied by the Bank Rate at 5¼% and the deposit […]
NAB migrates 70%+ applications to cloud
National Australia Bank believes moving to the cloud is crucial for the effectiveness of digital transformation: Australia has a distinction in that 4 out of […]
Majority – serving the migrant community
Majority is a unique digital platform exclusively meeting the banking and financial needs of the migrants in the US: Majority is a mobile-only bank exclusively […]
Canadian financial sector promoting DEI
Canadian financial services organizations have made good progress in understanding and adopting Diversity, Equity and Inclusion, or DEI, but there is much to be done, […]
MAS publishes investor protection measures for digital payment token services
The Monetary Authority of Singapore (MAS) has announced new requirements for Digital Payment Token (DPT) service providers to safekeeping customer assets under a statutory trust before […]