Global
Global: ICBC Set to Pay $32.4 Million to US Regulators for AML Lapses and Supervisory Information Disclosure
The Industrial and Commercial Bank of China Ltd (ICBC) and its New York branch are slated to pay $32.4 million in penalties due ...
Global
Global: Vodafone and Microsoft Forge $1.5 Billion Cloud and GenAI Partnership
Vodafone has entered into a groundbreaking agreement with Microsoft, pledging a $1.5 billion investment over the next decade to foster the development of ...
Global
Global: U.S. Banks Rally to Revise Basel Capital Rule Amidst Growing Opposition
On Tuesday, U.S. banks are set to advocate for a significant overhaul of a draft rule on bank capital in their ongoing efforts ...
Global
Global: RBI Proposes Draft Framework for Fintech Self-Regulatory Body in India
The Reserve Bank of India (RBI) has released a draft framework urging Indian financial technology (fintech) firms to establish a self-regulatory organization (SRO) ...
Global
Global: European Consumers Prefer Card Networks and PayPal for Everyday Apps Over Banks and FinTechs
The rising reliance on apps and connected devices globally has fueled consumer demand for an all-encompassing everyday app seamlessly integrating banking, shopping, and ...
Global
Global: Argentine President Supports Provinces in Launching Local Currencies
In a significant development, President Javier Milei of Argentina has pledged not to obstruct provinces’ initiatives to introduce their own currencies. This assurance ...
Global
Global: Breakthrough AI Challenges Assumptions on Fingerprint Uniqueness
In a groundbreaking development, researchers at Columbia University utilized an AI algorithm to scrutinize fingerprints, challenging the conventional belief in their absolute uniqueness. ...
Global
Global: Malaysia’s Digital Transformation Reorganization of Ministries and Agencies
Malaysia’s Cabinet, led by Communications Minister Fahmi Fadzil, has approved significant changes, including the relocation of its digital ID system and the related ...
Global
Global: SAP Settles FCPA Allegations, Agrees to $220 Million Payments
German software company SAP has reached a settlement exceeding $220 million with U.S. and South African authorities, resolving alleged violations of the Foreign ...
Global
Global: Visa and CIBC Join Forces to Enhance Cross-Border Remittances to Digital Wallets
Visa and CIBC have announced a strategic collaboration aimed at providing more convenient cross-border remittance services for the bank’s clients. Leveraging Visa Direct’s ...