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Category: Government

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RBI Expands Scope of Liberalized Remittance Scheme for IFSCs
  • Banking
  • Government
  • News

RBI Expands Scope of Liberalized Remittance Scheme for IFSCs

  • July 12, 2024
  • 0

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
  • Government
  • News

BIS Innovation Hub’s Project Nexus Gears Up for Live Implementation

  • July 2, 2024
  • 0

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
  • Government
  • News

UK and Singapore Forge Path for Sustainable Finance and FinTech Innovation

  • May 8, 2024
  • 0

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
  • Government

Basel Committee Strengthens Counterparty Credit Risk Management with New Guidelines

  • May 2, 2024
  • 0

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
  • Government
  • News

G7 Strengthens Financial Sector Resilience with Cross-Border Cyber Exercise

  • May 2, 2024
  • 0

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
  • Government
  • News

Central Banks Join Forces to Explore Blockchain-Based Payments System: Project Agorá

  • April 5, 2024
  • 0

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
  • Government
  • News

ECB and EBA Spearhead Efforts for Efficient Banking Industry Data Reporting

  • March 21, 2024
  • 0

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
  • Government
  • News

FM urges RBI to hold monthly meetings to address fintech sector’s concerns

  • February 27, 2024
  • 0

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
  • Government
  • News

EU Adopts Instant Payments Regulation to Expedite Fund Transfers

  • February 13, 2024
  • 0

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
  • Fintech
  • Government
  • News

UPI and RuPay Expand Reach: India Strengthens Digital Ties with Sri Lanka and Mauritius

  • February 12, 2024
  • 0

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 […]

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Banking

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  •  AFC CEO Warns Against Data Access Barriers, Calls for Open Banking Integrity 

    Washington, D.C. – July 2025 – Phil Goldfeder, CEO of the American Fintech Council (AFC), has issued a strong statement condemning emerging efforts to restrict […]

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