Regulatory
Global: Regulatory Scrutiny of Chatbots Intensifies as Banks Recognize Their Value
Banks have long utilized chatbots as digital customer assistants to help consumers access data and transaction details through text-based interactions and integrated voice ...
Regulatory
Global: CFPB and American Fintech Council Outline AI Regulatory Positions to Treasury
In response to a Treasury request for information on the use, opportunities, and risks of artificial intelligence (AI) in the financial services sector, ...
Regulatory
Global: MAS Partners with Banks and Tech Firms to Enhance Quantum Security
In February 2024, the Monetary Authority of Singapore (MAS) issued an advisory to financial institutions highlighting the cybersecurity risks posed by quantum technology. ...
Nigeria
Nigeria: NDIC Expedites Compensation for Heritage Bank Depositors Following License Revocation
The Nigeria Deposit Insurance Corporation (NDIC) has swiftly disbursed 82.36% of insured deposits to customers of the recently liquidated Heritage Bank. This comes ...
Nigeria
Nigeria: SEC approves extension of Access Holdings rights issue
The Securities and Exchange Commission has approved the extension of the rights issue of Access Holdings Plc to August 23. A statement from ...
Nigeria
Nigeria to Auction ₦190 Billion in Reopened Bonds in August
The Nigerian Debt Management Office (DMO) has announced plans to auction ₦190 billion in reopened bonds next week. This move is part of ...
Regulatory
Zambia Holds Key Policy Rate at 13.5% in August
The Central Bank of Zambia kept its benchmark interest rate unchanged at 13.5% during its regular meeting on August 14th, highlighting the economic ...
Regulatory
Nigeria: CBN and FBN Holdings Seek Dismissal of Barbican Capital’s Lawsuit Over Alleged Share Alterations
The Central Bank of Nigeria (CBN) and FBN Holdings Plc have filed a request with the Federal High Court in Lagos to dismiss ...
Regulatory
Global: Senate Reconsiders Bill to Ban Government Purchase of Americans’ Data Amid Major Security Breach
The U.S. Senate is revisiting a bipartisan bill aimed at prohibiting government agencies from purchasing Americans’ personally identifiable information (PII) from data brokers. ...
Regulatory
Global: STOXX 600 Reaches Two-Week High as Fed Rate Cut Expectations Surge
On Tuesday, Europe’s benchmark index, the STOXX 600, closed at a near two-week high, buoyed by increasing anticipation of an interest rate cut ...