White Rose Credit Union has officially appointed Bryan C. Smith as its new President & CEO, effective immediately. Bryan, previously serving as the Finance & […]
Category: Government
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 […]
OSFI Introduces New Quarterly Regulatory Update and Revised Guideline E-21
On August 22, 2024, the Office of the Superintendent of Financial Institutions (OSFI) launched its inaugural quarterly release of regulatory changes, marking a significant shift […]
RBI Unveils Unified Lending Interface (ULI) to Streamline Credit Access
The Reserve Bank of India (RBI) announced the launch of the Unified Lending Interface (ULI), a groundbreaking platform designed to facilitate frictionless credit flow, particularly […]
MAS Boosts Financial Sector with Additional S$100 Million for Quantum and AI Technologies
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 […]
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 […]