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) […]
Category: Government
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 […]
EU Adopts Instant Payments Regulation to Expedite Fund Transfers
The European Union (EU) has enacted new regulations to ensure swift fund transfers to the bank accounts of retail clients and businesses across its member […]
UPI and RuPay Expand Reach: India Strengthens Digital Ties with Sri Lanka and Mauritius
In a historic move for South Asian connectivity, the Unified Payment Interface (UPI), India’s popular digital payment system, was launched in both Sri Lanka and […]
RBI Expands Use Cases for CBDC, Introduces Offline Functionality
In a significant move aimed at enhancing financial inclusion, the Reserve Bank of India (RBI) Governor, Shaktikanta Das, announced the expansion of the Central Bank […]
OSFI Introduces New Supervisory Framework to Modernize Financial Supervision
The Office of the Superintendent of Financial Institutions (OSFI) unveiled its new framework for supervision today, signaling a significant overhaul in its approach to overseeing […]
December 2023 SESFOD Survey: Credit and Market Trends
The European Central Bank (ECB) released the findings of the December 2023 Survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives […]
OSFI Unveils Guidelines to Safeguard Canadian Banks Against Foreign Interference and Security Risks
In a proactive move to fortify the nation’s financial sector, Canada’s banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), has released final […]
Bank of England and HM Treasury: Digital Pound Consultation Update
The Bank of England and HM Treasury have issued a joint statement regarding the potential development of a digital pound in the UK, stating […]
RBI Proposes Framework for Self-Regulatory Organizations in FinTech Sector
The Reserve Bank of India (RBI) has introduced a draft framework for the recognition of Self-Regulatory Organizations (SROs) in the FinTech sector, aiming […]