ANZ New Zealand admits to misleading customers over credit card insurance charges
ANZ New Zealand has admitted that it breached the Financial Markets Conduct Act 2013 (FMCA) by misleading some customers over…
A new sheriff’s in town: US Banks brace for tougher consumer protection and lending rules
President Biden’s focus on helping minorities and people with low and moderate incomes will lead to more robust consumer protection and fair lending regulations, industry observers predict. Under the Biden…
10 Feb 2021
Open banking platform ibanXS secures PSD2 licence from Dutch central bank
ibanXS, an open banking platform, has received a PSD2 licence from De Nederlandsche Bank, the Dutch central bank. With the licence, ibanXS has become a licenced account information and payment…
02 Feb 2021
Central Bank of the UAE imposes fine on 11 banks for non-compliance
The Central Bank of the UAE (CBUAE) has fined of AED45.7m ($12.4m) on 11 banks which failed to achieve compliance towards anti money laundering (AML) laws. As per the CBUAE,…
01 Feb 2021
Open banking app sync. secures licence from Qatar Financial Centre Authority
Open banking app sync. has secured a licence from the Qatar Financial Centre Authority (QFC) and expanded its footprint into the Middle East. sync. became the first European fintech to…
17 Dec 2020
Indian central bank to set up new facility for banknotes processing
The Reserve Bank of India (RBI) has reportedly decided to set up an Automated Banknote Processing Centre (ABPC) in Jaipur, Rajasthan. The decision comes amid the increase in circulation of…
14 Dec 2020
Singapore clears deck for Standard Chartered to launch digital-only bank
The Monetary Authority of Singapore has paved the way for Standard Chartered Bank (Singapore) to launch a digital-only bank in the country by granting it ‘Significantly Rooted Foreign Bank’ (SRFB)…
11 Dec 2020