Westpac is to pay an AML fine of A$1.3bn ($916m), the largest ever penalty in Australian corporate history. The fine relates to Westpac breaching anti-money [...]…
Punjab and Maharashtra Co-operative Bank (PMC), a fraud-hit lender is looking for a merger opportunity after failing to recover funds from a big defaulter amid [...]…
Cambodia-based microfinance institution Hattha Kaksekar (HKL), the consolidated subsidiary of Bank of Ayudhya (Krungsri), has received commercial banking licence. Following the receipt of the licence,…
Singapore-based global fintech platform Nium has secured an Electronic Money Institution (EMI) licence from UK watchdog Financial Conduct Authority (FCA). The licence will enable Nium [...]…
Japan’s banking watchdog the Financial Services Agency (FSA) said that it expects more cross-border financial tie-ups as fintechs disrupt the country’s banking system, Reuters reported. [...]…
TD Bank, part of Canada’s TD Bank Group, has agreed to pay $122m to resolve a dispute related to its Debit Card Advance (DCA) optional [...]…
The European Central Bank (ECB) has made changes to the organisational structure of its supervisory arm for better supervision of banks in the euro area. [...]…
The Central Bank of Nigeria (CBN) has urged the Senate Committee on Banking, Insurance and other Financial Institutions to grant it exclusive rights to issue [...]…
Two lenders in eastern China have requested the People’s Bank of China (PBoC), the country’s central bank, to ease capital adequacy assessments. This move has [...]…
The Reserve Bank of India (RBI) governor Shaktikanta Das has called for setting up a ‘resolution corporation’ to deal with stressed financial firms in the [...]…
Tink becomes open banking technology provider of Enel X September 25, 2020 Verdict Staff 
Indian central bank unveils five-pillared approach to bolster cybersecurity at UCBs September 25, 2020 Verdict Staff 
Santander Bank taps Roostify for digital mortgage solution September 25, 2020 Verdict Staff 
