Regulatory
Global: OpenAI Confronts Another Copyright Challenge Shortly After NYT Legal Battle
In the aftermath of its recent lawsuit with The New York Times, OpenAI faces a fresh legal hurdle as authors Nicholas Basbanes and ...
Regulatory
Global: “Regulatory Shifts to Spur Collaboration as Banks and Fintechs Forge Stronger Partnerships”
A recent report from Stears, a data and intelligence company, foresees a transformative era of collaboration emerging between banks and fintechs, driven by ...
Regulatory
Global: Visa Introduces Cutting-Edge Web3 Customer Loyalty Platform
Visa has unveiled a revolutionary Web3 loyalty engagement platform designed to enable businesses to reward customers not only for their purchases but also ...
Nigeria
Nigeria: CBN Releases Updated Guidelines for Cryptocurrency Operations
The Central Bank of Nigeria (CBN) has issued new guidelines on the regulation of bank accounts for Virtual Assets Service Providers (VASPs), commonly ...
Nigeria
Nigeria: EFCC Freezes N30 Billion Linked to NSIPA Moved to Private Accounts
The Economic and Financial Crimes Commission (EFCC) has taken action in an ongoing investigation, freezing N30 billion of the N44 billion traced from ...
Regulatory
Global: Industry Groups Call for Enhanced Data Protection Measures in CFPB’s Open Banking Rules
Two industry groups, The Clearing House Association and Bank Policy Institute, have expressed concerns that the Consumer Financial Protection Bureau’s (CFPB) proposed open ...
Nigeria
Nigeria: Federal Government Directs MDAs to Channel 100% Revenue to New Treasury Account
The Federal Ministry of Finance has issued a directive to all Ministries, Departments, and Agencies (MDAs) of the federal government, instructing them to ...
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 ...
Regulatory
Global: Chief Justice of US Supreme Court Anticipates Significant Impact of AI on Legal Practices
Chief Justice John Roberts of the United States Supreme Court, in his annual year-end report released on December 31, predicted a “significant” impact ...
Nigeria
Nigeria: Leadway Assurance Announces Leadership Transition in Line with Regulatory Guidelines
In adherence to the regulatory directives of the National Insurance Commission regarding the 10-year tenure limit for managing directors and executive directors in ...