Global

FCA boosts Open Banking by removing 3-month re-authentication requirement

Fintech firms will no longer need to re-authenticate customers every ninety days for continued access to bank account data, but they will need ...

By Regtech AfricaDecember 1, 20210

News

Nigeria: Fidelity Bank appoints new Independent Non-Executive Director

Fidelity Bank Plc has announced the appointment of Mrs. Morohunke Adenike Bammeke, as an Independent Non-executive Director of the bank, with effect from ...

By Regtech AfricaDecember 1, 20210

Innovation

Nigeria: CBN deploys Electronic Non-Commercial Export forms for exports

The Central Bank of Nigeria, CBN, said it has deployed electronic Non-Commercial Exports, NCX, forms to replace hardcopy NCX. The apex bank also said ...

By Regtech AfricaDecember 1, 20210

Global

Tenpay fined for violation of foreign exchange rules

China has fined Tenpay, an online-payment unit of Tencent Holdings, USD 438,000 for violating foreign exchange rules amid growing regulatory scrutiny of the nation’s fintech ...

By Regtech AfricaNovember 30, 20210

News

Nigeria: Telcos Seek Regulator’s Intervention to Address Industry Issues

Telecommunications operators (Telcos), which include Value Added Service (VAS) providers, have stressed the need for the Nigerian Communications Commission (NCC), the telecoms industry ...

By Regtech AfricaNovember 30, 20210

News

Nigeria: NAICOM set to implement IFRS17 From Jan 2023

The National Insurance Commission (NAICOM) has said that it would not go back on the proposed implementation of International Financial Reporting Standard (IFRS17) ...

By Regtech AfricaNovember 30, 20210

Ethopia

Ethiopia: NBE approves Amhara Bank’s seasoned VPs

National Bank of Ethiopia (NBE) approves the assignment of five vice presidents (VPs) as per the request from the under formation huge financial ...

By Regtech AfricaNovember 30, 20210

Innovation

Tanzania Announces Own Central Bank Digital Currency (CBDC) amid Plans to issue Crypto Regulations

Tanzania’s central bank has announced intentions to launch its central bank digital currency (CBDC) amid the global rise and the increasing adoption of ...

By Regtech AfricaNovember 30, 20210

Innovation

Nigeria: NDIC to Adopt Risk-based Approach in Determining Banks’ Premium

The Nigeria Deposit Insurance Corporation (NDIC) said it was reviewing its approach for determining the premium by banks to its Deposit Insurance Fund ...

By Regtech AfricaNovember 30, 20210