The Monetary Authority of Singapore (MAS) has announced an additional S$100 million commitment under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0). This […]
Category: Government
Saudi Central Bank Introduces “Naqd” Platform for Government Banking Services
The Saudi Central Bank (SAMA) has launched “Naqd,” a digital platform designed to facilitate government banking services. This platform allows government agencies to securely access […]
RBI Expands Scope of Liberalized Remittance Scheme for IFSCs
The Reserve Bank of India (RBI) has announced a significant expansion of the Liberalized Remittance Scheme (LRS) for International Financial Services Centers (IFSCs) like GIFT […]
BIS Innovation Hub’s Project Nexus Gears Up for Live Implementation
Nexus is a BIS Innovation Hub project that seeks to enhance cross-border payments by connecting multiple domestic instant payment systems (IPS) globally. It is the […]
UK and Singapore Forge Path for Sustainable Finance and FinTech Innovation
The United Kingdom and Singapore recently concluded their 9th UK-Singapore Financial Dialogue, solidifying their commitment to collaboration in sustainable finance and FinTech innovation. This insightful […]
Basel Committee Strengthens Counterparty Credit Risk Management with New Guidelines
The Basel Committee on Banking Supervision (BCBS) has published a consultation document outlining new guidelines for counterparty credit risk (CCR) management. These proposed guidelines aim […]
G7 Strengthens Financial Sector Resilience with Cross-Border Cyber Exercise
The G7 Cyber Expert Group (CEG) successfully completed a cross-border coordination exercise on April 17th, 2024, simulating a large-scale cyberattack on financial institutions across all […]
Central Banks Join Forces to Explore Blockchain-Based Payments System: Project Agorá
The Bank for International Settlements (BIS), along with central banks from seven major economies, announced a groundbreaking initiative called Project Agorá. This project aims to […]
ECB and EBA Spearhead Efforts for Efficient Banking Industry Data Reporting
In a landmark move towards enhancing efficiency and reducing costs in the banking industry, the European Central Bank (ECB) and the European Banking Authority (EBA) […]
FM urges RBI to hold monthly meetings to address fintech sector’s concerns
Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired a strategic meeting with leaders from the startup and fintech communities in New Delhi. The […]