newsletter


IMF Managing Director Lagarde Resigns

Banking
July 16, 2019

The Executive Board of the IMF (International Monetary Fund) issued the following statement today. “Today the IMF Executive Board accepted Managing Director Christine Lagarde’s resignation from the Fund with eff...

AIIB reaches 100-member milestone

Banking
July 16, 2019

The Asian Infrastructure Investment Bank (AIIB) now has 100 approved members after its Board of Governors today supported the applications of three African countries. The milestone was reached with the addition of Benin...

MAS to Issue up to Five Digital Bank Licences

Banking
July 12, 2019

Singapore, 28 June 2019 - The Monetary Authority of Singapore (MAS) announced that it will issue up to five new digital bank licences. This is in addition to any digital banks that the Singapore banking groups may also...

Fed relaxes Volcker rule for community banks

Banking
July 10, 2019

Five federal financial regulatory agencies announced on Tuesday, July 9th that they had adopted a final rule to exclude community banks from the Volcker Rule, consistent with the Economic Growth, Regulatory Relief, and...

How Hungary’s National Monetary Bank digitalized

Banking
July 9, 2019

It was a hard nut to crack, but the MNB can now be reached digitally by the market. Starting from January of last year, nearly thirty thousand applicants a year can communicate digitally since the legal deadline for the...

Standard Chartered’s digital strategy across Africa

Banking
July 5, 2019

Digital banks now available in Botswana, Zambia and Zimbabwe as part of the Bank’s digital transformation strategy for Africa Standard Chartered announce launch of social banking solution for Africa in Kenya, Uganda,...

Six Nordic banks create joint KYC company

Banking
July 5, 2019

Danske Bank A/S, DNB Bank ASA, Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ), Svenska Handelsbanken AB (publ) and Swedbank AB (publ) are moving forward and have established a joint venture company to develop...

BIS to set up Innovation Hub for Central Banks

Banking
July 5, 2019

The Board of the Bank for International Settlements (BIS) approved the establishment of a BIS Innovation Hub on 30 June 2019 to foster international collaboration on innovative financial technology within the central ba...

NatWest pilots working capital product Rapid Cash

Banking
July 5, 2019

NatWest has announced the pilot launch of Rapid Cash – a digital, flexible working capital product that connects with accounting software to provide a dynamic credit limit of between £25,000 to £300,000. NatWest Rapi...

New Age of the Banking Value Chain

Banking
July 2, 2019

Fintechs today are becoming an integral part of the banking value change and as a result of the Digitization in the banking industry which is making its way slowly and steadily. Today approximately 70% of the IT budget...

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