Tag: bank
Banque de France accelerates CBDC program
The Banque de France intends to speed up its wholesale CBDC program as it looks to be ready to introduce central bank money as a settlement asset as early as next year.
MAS penalises Singaporean bank branch S$1m for fraud, terrorism failures
The Monetary Authority of Singapore (MAS) has imposed a penalty of S$1m on a Singapore-based bank branch for not complying with its anti-money laundering and terrorism financing acts.
FDIC gives Square conditional permission to open a bank
Square is one step closer to launching its bank in 2021 after the Federal Deposit Insurance Corporation (FDIC) board voted to conditionally approve the FinTech’s application for deposit insurance for its Industrial Loan Company bank charter.
Kamakura’s new suite helps Bank Islam Malaysia Berhad’s digitalisation process remain...
Bank Islam Malaysia Berhad taps RegTech Kamakura Corporation to ensure its digitalisation process remains compliant.
Reserve Bank of India launches working group to review regulatory framework
The Reserve Bank of India (RBI) is establishing a working group to review regulatory and supervisory framework for core investment companies (CICs).
FCA slaps Standard Chartered with £102.2m fine for ‘poor’ AML controls
The Financial Conduct Authority has issued its second largest financial penalty ever for AML controls failings, after fining Standard Chartered Bank £102.2m for breaches in two areas of the business.
Positive Technologies report uncovers ATMs can be hacked in minutes
Online security platform Positive Technologies has compiled a report which finds ATMs can be hacked within minutes.
German bank extends agreement with Six Payment Services
Volksbank in der Ortenau eG, one of the largest cooperative banks in Baden-Württemberg, Germany, has extended its agreement with Six Payment Services.
Investment bank expands relationship with Inforalgo
Inforalgo has expanded its relationship with a global tier 1 capital markets investment bank to include complex data integration requirements.
MYbank shares risk management & AI data with FIs in China
Alibaba-backed MYbank, a Chinese online bank backed by Alibaba, is set to share its risk management & AI data with financial institutions In China.
