Global
Global: ECB Initiates First Cyber Resilience Stress Tests for Euro Area Banks
The European Central Bank (ECB) is set to conduct its inaugural thematic stress tests focused on cyber resilience, aimed at evaluating how effectively ...
Global
Global: Late Fees Impact Nearly a Quarter of UK BNPL Users, Warns Survey
A recent survey conducted for the Centre for Financial Capability, an education charity, reveals that almost 25% of individuals in the UK who ...
Global
Global: China’s Top Banks Heighten Scrutiny on Smaller Peers to Mitigate Credit Risk
In response to the deepening property debt crisis affecting China’s economy, several of the country’s major banks have intensified their examination of smaller ...
Global
Global: Turk Eximbank Makes Historic Investment in Africa Finance Corporation (AFC)
Africa Finance Corporation (AFC), a prominent infrastructure solutions provider in Africa, has announced a significant equity investment from Turk Eximbank on behalf of ...
Global
Global: Revolut Achieves Remarkable Revenue Surge in 2023
Revolut, the UK-based fintech giant, is poised to generate $1.9 billion in revenue this year, nearly doubling its previous 12-month figure of $1 ...
Global
Global: Mastercard Introduces Contactless Solutions to Elevate Digital Payments
Mastercard, a global leader in payment technology, has unveiled its innovative contactless payment solution, aiming to revolutionize Nigeria’s payment landscape. The newly launched ...
Global
Global: Kazakhstan Central Bank Evaluates Successes of Digital Tenge Pilot and Outlines 2024 Developments
Following a successful month-long pilot project, Kazakhstan’s central bank digital currency (CBDC), the digital tenge, is set to undergo a series of business, ...
Global
Global: R3 Joins Emirates NBD Digital Asset Lab for Fintech and Digital Asset Innovation
Distributed ledger technology firm R3 has become a council member of the Digital Asset Lab, a pioneering initiative established by Emirates NBD to ...
Global
Global: FRC says volume of Tier 2 and 3 audit firms requiring improvement is ‘unacceptable’
The Financial Reporting Council (FRC) has recently unveiled its inspection findings for Tier 2 and Tier 3 audit firms, revealing significant shortcomings in ...
Global
Global: FIS Study Reveals UK Consumers Exhibit Divergent Views on the Adoption of Generative AI in Banking
Financial technology leader FIS has delved into consumer sentiments regarding generative artificial intelligence (GenAI) through its recent research. The study explored the public’s ...