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 […]
Tag: News
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 […]
Empeople Credit Union to Acquire Wisconsin-Based TSB Bank, Expanding Footprint and Services
Empeople Credit Union, the sixth-largest credit union in Illinois by assets, has announced its first-ever bank acquisition, agreeing to purchase Lomira, Wisconsin-based TSB Bank for […]
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 […]
Entrust Explores Acquisition of Onfido: Enhancing Identity Verification
Entrust, a renowned global leader in payments, identities, and data security, has initiated discussions to acquire Onfido, a prominent London-based company specializing in cloud-based, AI-powered […]
WOCCU Unveils ‘Hub C’ Initiative: Empowering Credit Unions to Drive Digital Innovations
In a significant move towards achieving its Challenge 2025 objectives, the World Council of Credit Unions (WOCCU) has introduced the groundbreaking ‘Hub C’ initiative. This […]
Mastercard and Pagero Revolutionize Cross-Border Payments for Businesses
Mastercard and Pagero have joined forces to introduce an integrated solution aimed at transforming cross-border and domestic payments for businesses worldwide. This collaboration integrates Mastercard’s […]
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 […]
Fintech Galaxy Launches Open Banking Compliance Services in the UAE
Fintech Galaxy, a pioneering force in financial technology solutions, has unveiled its latest venture in the United Arab Emirates (UAE) with the introduction of Open […]