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 […]
Category: Government
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 […]
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 […]