Emirates NBD, Dubai’s government-owned bank and one of the largest banking groups in the Middle East in terms of assets, is considered as a pioneer in adopting disruptive technologies designed to transform banking operations and to offer extreme customer delight. The bank has an embedded culture to continually innovate and move to newer levels. It has made significant investments in new technologies so that its technology infrastructure is state-of-the-art and it could make major breakthroughs in digitization.
ADB, India Sign $350mn Loan To Improve Connectivity in Maharashtra
The Asian Development Bank (ADB) and the Government of India have signed a $350 million loan to improve the connectivity of key economic areas in Maharashtra. At least 319 kms of state highways and 149 kms of roads in the 10 districts will be upgraded as part of the agreement.
World Bank Chief Warns of Multi-Year Slow Growth
During his opening remarks at the launch of the International Debt Report 2022, the World Bank Group President said, “We identified the stagflation risk early in the year. The deterioration is continuing. This brings three risks: a global recession in 2023; a multi-year period of slow growth; and widespread asset repricing as higher interest rates are applied, and hedges run out. Many of the impacts will be delayed even into 2024 and 2025 including debt restructurings.”
Bank of Russia Continues Measures to Support National Payment System Entities
The Bank of Russia implemented measures to support National Payment System (NPS) entities in 2022. They were approved in response to changes in the conditions of money transfers in the midst of restrictions imposed by foreign states, and they helped in the timely reduction of the burden on NPS entities. These measures will expire on January 1, 2023.
Evolving Tech Risk & GRC Frameworks by Narasimham Nittala | FinTech Frontiers Live
Evolving Tech Risk & GRC Frameworks by Narasimham Nittala | Fintech Frontiers Live
Fed To Revise Payment System Risk policy
The Board of Governors of the Federal Reserve System (Board) is revising part II of the Federal Reserve Policy on Payment System Risk (PSR policy) to add a posting rule to facilitate the implementation of enhancements to the Automated Claim Adjustment Process (ACAP).
Machine Learning: Journal of Econometrics Invites Papers
Machine learning techniques are increasingly being evaluated in academia while also being leveraged by practitioners at policy institutions such as central banks and governments. A themed issue of the Journal of Econometrics aims to present frontier research on machine learning and economic policy.
Re-Thinking Cross Border Payment Infrastructure | FinTech Frontiers Live
An in-depth discussion with Mike Robertson, CEO, and Co-Founder of AbbeyCross, Adrian Brown, COO and Co-Founder of AbbeyCross, Babu Nair, MD and CEO of Banking Frontiers & Financial Technology Frontiers dives deeper into the areas of weakness in the global payment infrastructure and how banks are bringing in efficiency while managing the costs.
They also discussed the existing infrastructure models within banks’ processes, as well as the key technology drivers.
Furthermore, they discussed their experiences with vendors and bank engagement channels, as well as the importance of data documentation prior to vendor onboarding.
MAS Encourages Fit Notes, E-Hong Baos for Festive Gifting
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have appealed to the public to use “Fit-for-Gifting” currency notes (fit notes) or e-hong baos this coming Lunar New Year.
Fed Approves United Community Bank’s Merger Application
The Federal Reserve Board has approved the application by United Community Banks, Inc., (United), Greenville, South Carolina, to merge with Progress Financial Corporation, and thereby indirectly acquire Progress Bank and Trust, both of Huntsville, Alabama.


