Tags: Banks
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The Office of the Comptroller of the Currency (OCC) has withdrawn from interagency principles for managing climate-related financial risks, deeming them overly demanding and redundant.…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…
Revolutionizing Security: How Thailand’s Banks Leverage Biometric Technology to Combat Cybercrime
Mobile banking is increasingly favored by younger consumers, leading financial institutions to enhance data security amidst rising cybercrime threats in Thailand. In 2023, over 20,000…
Ex-Network International Leaders Secure $6M for Enza: Revolutionizing African Fintech for Banks
Network International, a leading payment processor in the Middle East and Africa, faces disruption from new fintech startup Enza, founded in 2022 by former executives.…
Boosting CMA Rankings in 2025: Strategies for Banks to Excel
In February 2025, the Competition and Markets Authority (CMA) published its bank survey results, highlighting customer service perceptions in the UK financial sector. Chase UK…
Romance Scams on the Rise: How Banks are Battling Increased Reputational and Financial Risks
Romance scams, particularly sextortion, are increasingly concerning for financial institutions, with a Moody’s report indicating 1,193 new cases in 2024, a 14% rise from 2023.…
Navigating KYC Compliance and Risk in 2025: A Strategic Guide for Banks
In 2025, financial institutions will prioritize Know Your Customer (KYC) solutions to enhance anti-money laundering (AML) efforts amid stricter regulations and evolving customer expectations. The…
India Unveils Innovative Domain Name Initiative for Banks to Combat Digital Fraud
India’s central bank, the Reserve Bank of India (RBI), will launch the exclusive “.bank.in” domain for banks in April 2025 to enhance online banking security…
Wall Street Banks Set to Offload X Debt at Discounted Rates: What You Need to Know
Bankers are looking to offload the $13 billion debt from Elon Musk’s acquisition of X, formerly Twitter, which he purchased for $44 billion in 2022.…
Swedish Central Bank Urges Banks to Accelerate Cross-Currency Project Initiatives
The European Central Bank (ECB), Riksbank, and Danmarks Nationalbank are launching an initiative to enable instant cross-currency payments in euros, Swedish kronor, and Danish kroner.…
Recent Post
Cetegories
Join Our Newsletter
Daily Free Our Fashion News
Straight To Your Inbox
Straight To Your Inbox
