Singapore Introduces Scam Protection Bill to Safeguard High-Risk Transactions
Singapore's new Scam Protection Bill aims to curb rising financial scams by imposing stricter measures on high-risk transactions. The bill requires banks to enhance verification processes, implement cooling-off periods, and educate ... Read More
GoCardless Finalizes Acquisition of Nuapay
GoCardless has finalized the acquisition of Nuapay, a significant move to enhance its recurring payment capabilities. This deal expands GoCardless’s market reach and strengthens its offerings in the payment solutions sector, positioning ... Read More
Visa Unveils Money Movement Advisory Practice in North America
Visa has launched a Money Movement Advisory Practice in North America to help businesses and financial institutions optimize their payment processes. This new service will offer tailored solutions using Visa's expertise in cross-border ... Read More
Unlimit Partners with Alchemy Pay for Global Fiat-to-Crypto Purchases
Unlimit has partnered with Alchemy Pay to enhance global fiat-to-crypto purchases. The collaboration aims to simplify transactions, offering a seamless bridge between traditional currencies and cryptocurrencies across various ... Read More
Russia’s payment issues with Chinese partners intensified in August.
In August, Russia's payment obstacles with Chinese partners have intensified, impacting cross-border transactions. The situation is exacerbated by geopolitical tensions and regulatory hurdles, complicating financial operations between the ... Read More
Mastercard and PayU Launch Innovative Cross-Border Payment Solutions
Mastercard has partnered with PayU to launch new cross-border payment solutions that enhance global transactions. The service will utilize Mastercard’s network to offer secure and efficient payment methods, supporting international ... Read More
US Regulators Urge Banks to Strengthen Climate Risk Management
Recent findings by US regulators reveal that banks are falling short in managing climate-related risks. The report highlights significant gaps in banks' climate risk strategies, urging them to improve their practices to ensure financial ... Read More
US Regulators Approve OakNorth’s New York Representative Office
US regulators have granted OakNorth Bank the authorization to open a representative office in the United States. This move marks a significant milestone for the digital bank, expanding its global presence and enhancing its engagement with ... Read More
Allica Bank Ventures into Bridge Finance with Tuscan Capital Acquisition
Allica Bank has entered the bridge finance market by acquiring Tuscan Capital, a specialist short-term property lender. This move aligns with Allica’s strategy to diversify its offerings and strengthen its position in the UK market, ... Read More
New Zealand Court Imposes $2.5M Penalty on TSB for Unlawful Fees
TSB Bank has been fined $2.47 million by the New Zealand High Court for illegally overcharging customers over $3.6 million in late and credit-related fees. The Commerce Commission's investigation revealed significant breaches of the Credit ... Read More