Tags: Banks
US OCC Confirms Banks Can Legally Provide Crypto Custody and Execution Services
The OCC’s recent Interpretive Letter 1184 clarifies the permissible activities for national banks and federal savings associations regarding crypto-asset custody and execution services. Key points…
ECB Partners with FinTech Innovators and Banks to Revolutionize Payment Solutions
The European Central Bank (ECB) has launched a new platform to explore the digital euro’s potential, attracting nearly 70 participants, including banks and FinTech firms,…
UK Post Office and Banks Forge Innovative Cash Access Partnership
The UK Post Office’s recent agreement with various banks significantly enhances cash access for customers nationwide. Under this partnership, customers can withdraw cash at over…
Shocking Survey: 80% of Banks Would Turn Away Clients Who Engage in Cryptocurrency Transactions
The Nacha Payments Innovation Alliance’s report, ‘Diving into the Fundamentals of Cryptocurrency as a Form of Digital Payment,’ reveals that financial institutions have a moderate…
EBA Launches Innovative ESG Dashboard Highlighting Banks’ Climate Risk Exposure
The European Banking Authority (EBA) has launched an ESG dashboard to track climate-related risks in the banking sector, offering centralized access to indicators from banks’…
Why Banks Should Preserve FCC Operations Amid Regulatory Rollbacks: Key Insights and Strategies
Recent regulatory changes in the U.S. banking sector, particularly under the Trump administration’s deregulation efforts, have alarmed financial crime compliance (FCC) teams. A significant shift…
Net-Zero Banking Alliance Adapts to Empower Banks in Meeting Growing Climate Reporting Requirements
The Net-Zero Banking Alliance (NZBA) has renewed its mandate to enhance support for member banks in aligning with the Paris Agreement’s climate goals. Following a…
Luxembourg Banks Choose LuxHub as Their Premier VoP Provider
The VoP scheme, launching on October 5, aims to transform the European payment landscape by enabling Payment Service Providers (PSPs) to verify payees during instant…
Transformative Regulatory Change: OCC Abolishes Climate Guidance for Banks
The Office of the Comptroller of the Currency (OCC) has withdrawn from interagency principles for managing climate-related financial risks, deeming them overly demanding and redundant.…
FDIC Confirms Banks Can Engage in Crypto Activities Without Prior Approval
The Federal Deposit Insurance Corporation (FDIC) has announced a shift in its regulatory stance, allowing banks to engage in crypto-related activities, provided they manage associated…
Recent Post
Cetegories
Join Our Newsletter
Daily Free Our Fashion News
Straight To Your Inbox
Straight To Your Inbox
