Fraud
A recent judgment by the High Court of Uganda in the case of Simbamanyo Estates Ltd v Equity Bank (U) Ltd, Equity Bank Ltd, and Bank One Ltd has provided critical clarity on the regulatory landscape for cross-border syndicated lending in Uganda. The decision closely follows the Supreme Court'
Fraud
The Pan-African Society for Social and Economic Change (PASSEC) has petitioned the Nigerian government, alleging serious irregularities in the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI). According to PASSEC, the current leadership of ASSBIFI, led by Mr. Olusoji Oluwole, has engaged in a disputed election process,
Financial services
The International Finance Corporation (IFC) has invested $7 million in AND Global, a leading Mongolian fintech company, as part of its commitment to digital transformation and financial inclusion. This investment will support innovation in financial services, improve access to finance for small businesses, and foster job creation and economic diversification
Fraud
Nacha's Payments Innovation Alliance has launched three new Spanish-language educational resources aimed at informing and protecting Spanish-speaking consumers from common financial scams. The resources, created by the Alliance's Consumer Financial Exploitation Project Team, aim to raise awareness of mobile scams and "money mule" activity,
Financial services
Yuan Fangjiang, Deputy Secretary of the Yichun Municipal Party Committee and Mayor, visited several financial institutions on August 14 to express gratitude to their staff and emphasize the need for high-quality financial development in Yichun. During his visit, he emphasized the importance of adhering to the fundamental purpose of financial
Financial services
The White House issued an Executive Order on August 7, 2025, aimed at addressing unfair discrimination in banking decisions by financial institutions driven by reputational, political, religious, and other criteria not based on risk-based analysis. This Executive Order does not directly apply to insurers, but some state legislatures have proposed
Financial institutions
Fujian Province has launched a key initiative to promote high-quality financial development, emphasizing the need for financial services to support the real economy. Led by Governor Zhao Long, the province has visited several financial institutions in Fuzhou, including branches of major Chinese banks, to communicate with employees and learn about
Financial services
Axi, a leading force in global financial services, has been recognised for its outstanding achievements in the industry, receiving awards for Best Financial Institution 2025 in the UK, LATAM, and Middle East regions. These accolades underscore Axi's growing global impact and commitment to excellence, particularly in advancing financial
Financial services
Axi, a leading force in global financial services, has been recognised with several prestigious awards at the 2025 Global Business and Finance Magazine Awards. The company received accolades for Best Financial Institution in the UK, LATAM, and Middle East, highlighting its growing global impact and commitment to excellence. Axi'
Financial services
The Trump Administration has taken a decisive step in addressing "debanking" practices in the financial services sector by issuing an Executive Order titled Guaranteeing Fair Banking for All Americans. The Order, signed on August 7, 2025, aims to revise policies and regulations to remove the use of "
Financial services
The Tanzanian government's sustained efforts to improve agricultural marketing systems have led to significant advancements in the capacity of financial institutions, such as the National Bank of Commerce (NBC), to serve the farming community with greater efficiency. The Warehouse Receipt System has played a crucial role in bridging
Financial services
The Trump administration has issued an executive order aimed at stopping the debanking of Americans and ensuring that financial institutions operate free from ideological bias. Congressman Dan Meuser (PA-09), Chairman of the House Financial Services Subcommittee on Oversight and Investigations, has strongly backed the order, stating that no American should
