Global
UK’s CMA mandates Variable Recurring Payments
UK’s Competition and Market Authority (CMA) has decided to mandate Variable Recurring Payments (VRPs) as the mechanism for implementing sweeping. The CMA published a letter ...
Global
Singapore :MAS removes caps on dividend payments by local banks
The Monetary Authority of Singapore (MAS) has decided to remove caps on dividends paid by locally incorporated banks and finance companies, according to Reuters. The caps ...
Global
Latest Mambu Research Reveals Gap in Global Financial Awareness and Accessibility
A study of 2,000 global consumers released by Mambu, the market-leading banking and financial services platform, revealed that both banked and unbanked individuals feel ...
Global
Adopting Bitcoin As Legal Tender “A Step Too Far” – IMF
In what can only be read as a veiled message to El Salvador and any country looking to follow in its footsteps, the ...
Global
UAE Central Bank issues new guidance on anti-money laundering and combatting financing of terrorism
The Central Bank of the UAE (CBUAE) has issued a new Guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for ...
Global
Oman: Cashless transactions mandatory at key outlets from January 1
With effect from January 1, 2022, all commercial transactions at select stores and business establishments will be cashless as part of the Omani ...
Global
SWIFT launches SWIFT Go to boost cross-border payments
Belgium-based SWIFT has announced the launch of SWIFT Go, a new service that enables small businesses and consumers to send cross-border payments directly from their ...
Global
Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges
Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s ...
Global
HCL partners with Microsoft Cloud for Financial Services
Microsoft has selected global technology company HCL Technologies (HCL) as a launch partner for its industry cloud Microsoft Cloud for Financial Services, according to IBS intelligence. Microsoft ...
Global
81 Countries Are Now Exploring Central Bank Digital Currencies — 5 CBDCs Fully Launched
Eighty-one countries are now exploring central bank digital currencies (CBDCs), according to a new tracker. This number is 46 more countries than the ...