In a significant move to enhance the efficiency and accessibility of financial transactions, the Central Bank of Kenya (CBK) announced the launch of a Fast Payment System (FPS) across all...
Category: Finance
NBE Introduces New Directive for Banking Liquidity Crisis Bailouts in Ethiopia
In a strategic move to bolster the stability of Ethiopia’s banking sector, the National Bank of Ethiopia (NBE) has unveiled a new directive outlining the terms for emergency liquidity assistance...
Westpac NZ CEO Calls for Greater Information Sharing to Combat Scammers
In a compelling discussion at the INFINZ (Institute of Finance Professionals New Zealand Inc) Conference in Auckland, Westpac New Zealand CEO Catherine McGrath highlighted the ongoing tension between maintaining customer...
Australia’s Mutual Banking Sector Thrives with Strong Community Commitment
Australia’s mutual banking sector is making significant strides, offering a compelling alternative to traditional financial institutions. In the 2022-23 financial year, mutual banks, building societies, and credit unions amassed total...
Treasury Prime Partners with Greenlite to Enhance Compliance AI for US Banks
Treasury Prime, a prominent embedded banking software provider, has announced its latest partnership with Greenlite, integrating advanced compliance AI solutions into its Partner Marketplace. This collaboration aims to empower banks...
ORO Bank Sets New Standard with Full-Reserve Digital Banking in Asia
ORO Bank is making waves as Asia’s first full-reserve digital bank, aiming to revolutionize the region’s financial landscape. By keeping 100% of customer deposits in reserve, the bank offers a...
Hong Kong Launches Integrity Charter to Combat Banking Corruption
Hong Kong has introduced a new initiative aimed at stamping out corruption within its banking sector. The Hong Kong Monetary Authority (HKMA), the Hong Kong Association of Banks (HKAB), and...
Shake-Up at DBS Hong Kong: Institutional Banking Head Wallace Lam Steps Down
DBS Group Holdings is witnessing a significant leadership change in its Hong Kong division. Wallace Lam, the head of Institutional Banking at DBS Hong Kong, is set to depart from...
New Zealand Banks Set to Introduce Confirmation of Payee Service by November
New Zealand’s major banks are gearing up to launch the Confirmation of Payee (CoP) service by the end of November, aiming to enhance the security of domestic payments. The New...
UK Borrowing Costs Surge Ahead of Budget, Water Companies Fined for Poor Performance
UK borrowing costs are climbing as financial markets brace for the upcoming budget in just over three weeks. Investors are selling UK bonds, known as gilts, driving up the yield...