The Indian government has named Shri Sanjay Malhotra as the 26th Governor of the Reserve Bank of India (RBI), effective December 11, 2024. Malhotra, a […]
Category: Government
RBI Introduces MuleHunter.ai: AI-Driven Solution to Detect Mule Accounts Developed by RBIH
In an effort to curb the rise of digital financial fraud, the Reserve Bank of India (RBI) has unveiled a groundbreaking AI/ML-based model called MuleHunter.ai. […]
OSFI Releases Quarterly Update: Streamlining Regulations and Strengthening Oversight
On November 21, the Office of the Superintendent of Financial Institutions (OSFI) announced its second Quarterly Release, introducing measures aimed at streamlining regulatory processes and […]
MAS Announces Establishment of Global Finance & Technology Network for Next Phase of FinTech Growth
The Monetary Authority of Singapore (MAS) today announced the establishment of the Global Finance &Technology Network (GFTN) to further strengthen Singapore as a global FinTech […]
UK Government Proposes New Rules for Buy Now, Pay Later (BNPL) Products
The UK government is set to introduce new protections for users of Buy Now, Pay Later (BNPL) services, bringing them under the regulatory oversight of […]
U.S. Faster Payments Council Releases Groundbreaking Study on Instant Payments Adoption
The U.S. Faster Payments Council (FPC) has unveiled its 2024 U.S. Instant Payments Adoption Quantitative Study, marking a significant step in understanding the future of […]
Bank of England, UK Finance Lead SIMEX 24 to Boost Financial Sector Resilience
The Bank of England, in collaboration with UK Finance, HM Treasury, and the Financial Conduct Authority, has successfully completed its latest UK-wide simulation exercise, SIMEX […]
White Rose Credit Union Names Bryan C. Smith as New CEO Following Debra Kauffman’s Retirement
White Rose Credit Union has officially appointed Bryan C. Smith as its new President & CEO, effective immediately. Bryan, previously serving as the Finance & […]
Singapore Retail Banks to Implement Singpass Face Verification for Enhanced Digital Security
The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) announced that major retail banks will begin rolling out Singpass Face […]
U.S. Faster Payments Council Releases New Guideline on Instant Payments
The U.S. Faster Payments Council (FPC) has announced the release of its latest publication, “Operational Considerations for Receiving Instant Payments.” This comprehensive guideline, developed by […]