In a landmark pilot program, the collaboration between the Depository Trust & Clearing Corporation (DTCC), Chainlink, and several top-tier U.S. banks has led to a significant leap in the tokenization...
Category: Finance
A New Dawn for SA Banking: Bank Zero Champions Deposit Insurance
In a bold move that could reshape the South African banking sector, Bank Zero has embraced a new deposit insurance scheme, signaling a potential end to the era of big...
Navigating the Cash Tide: Nigeria’s Surge in Currency Hoarding
As Nigeria’s economy grapples with fluctuating fortunes, a startling trend has emerged: the amount of currency circulating outside the banking system has skyrocketed by 300%. This phenomenon of cash hoarding...
AI at the Helm: Salesforce’s New Frontier in Banking Dispute Resolution
Salesforce Inc. has taken a significant leap in the banking sector by introducing generative AI to expedite the resolution of transaction disputes. This innovative approach is set to transform the...
RBI’s Crackdown on Unauthorized Forex Trading
The Reserve Bank of India (RBI) has issued a stern warning to banks and customers against engaging in unauthorized foreign exchange (forex) trading. The central bank’s advisory comes in the...
Revolutionizing Banking: Finastra’s Leap into Next-Gen Mobile Banking
In a bold stride towards the future of digital banking, Finastra has unveiled its Next Gen Mobile Banking platform, redefining the user experience for community banks and credit unions. This...
Thai Financial Relief: Rate Cuts for the Vulnerable
In a compassionate move to support those most in need, Thai banks have announced a significant rate cut aimed at providing financial relief to vulnerable groups. This decisive action is...
Thai Banks Set Sights on ASEAN Expansion
In an ambitious move, Thai banks are setting their sights beyond national borders, eyeing lucrative opportunities in the burgeoning ASEAN economies. This strategic pivot is poised to redefine their regional...
Vigilance in Verification: Banking Sector Faces KYC Compliance Crisis
The banking sector is facing intense scrutiny over its Know Your Customer (KYC) processes, with recent reports highlighting significant lapses in the verification of high-profile individuals. This oversight has raised...
Bridging the Gap: The Convergence of Cannabis and Crypto Regulations
In a groundbreaking move, U.S. lawmakers are considering the amalgamation of marijuana banking and cryptocurrency regulation into a single, comprehensive bill. This unprecedented approach aims to address the banking challenges...