Financial services
The Quebec Finance Minister has introduced Bill 92 to amend various provisions mainly with respect to the financial sector, aiming to modernize the province's regulatory framework. The bill, which was assented to on June 4, 2025, amends approximately twenty statutes and regulations, primarily in the areas of insurance,
Financial services
President Bola Tinubu's assent to the Nigerian Insurance Industry Reform Bill has been commended by Senator Tokunbo Abiru, the Lagos East Senator and Chairman of the Senate Committee on Banking, Insurance, and Other Financial Institutions. Abiru, who sponsored the bill, described the presidential assent as a major victory
Financial services
Onbe, a leading corporate payouts platform, has partnered with B2B financial services provider Allied Solutions to help financial institutions and finance companies modernize the automotive refund process. The partnership combines Onbe's digital payouts gateway with Allied Solutions' Refund Plus(r) solution, offering comprehensive support for issuing refunds
Financial services
A bipartisan group of senators is urging swift action from the Office of Management and Budget (OMB) Director Russell Vought to disburse $324 million in congressionally-appropriated funding from the Community Development Financial Institutions (CDFI) Fund. The senators expressed concern over significant delays in obligating those funds, which has created uncertainty
Financial services
A bipartisan group of senators sent a letter to the Office of Management and Budget (OMB) Director Russell Vought urging swift action to disburse the $324 million in congressionally-appropriated funding from the CDFI Fund. This funding was allocated in the Fiscal Year 2025 appropriations package, but significant delays remain in
Financial services
The U.S. House of Representatives Committee on Financial Services has issued a request for public feedback on current federal consumer financial data privacy law, specifically the Gramm-Leach-Bliley Act (GLBA), and potential legislative proposals to address changes in the consumer financial services sector. The public is invited to submit comments
Financial services
FalconX, a leading institutional digital asset prime broker, has announced its expansion into Latin America, marking a significant step in strengthening the region's institutional digital asset ecosystem. The company has already begun working with some of Latin America's largest financial institutions, including BTG Pactual and Mercado
Financial services
Over the past three decades, Non-Bank Financial Institutions (NBFIs) have played a pivotal role in extending financial services to underbanked regions across the Global South. Supported by bilateral and multilateral donors, these institutions have helped democratize access to finance, particularly in rural areas and among low-income populations. However, recent trends
Financial services
The National Bank of Cambodia has issued an official notification to banking and financial institutions to provide fair Thai baht-to-riel exchange services for Cambodians returning from Thailand due to the ongoing border conflict. The central bank aims to ease currency exchanges and safeguard the interests of its citizens. ACLEDA Bank
Financial services
Current research has revealed that consumers are reluctant to adopt artificial intelligence (AI) technology in financial services, citing concerns about the intermediary psychological mechanism of adoption intention. A study conducted by researchers at EMLYON Business School in collaboration with other institutions has proposed a novel concept, consumer technology vulnerability (CTV)
Financial services
The partnership between FairPlay and Taktile enables lenders to integrate FairPlay's model testing, optimization, and validation tools directly into Taktile's decision logic, enhancing transparency, audit readiness, and performance across the credit lifecycle. As financial institutions continue to adopt machine learning and automation in credit decisions, the
Financial services
The Financial Institutions Supervisory Authority (NAMFISA) is preparing to host the fourth edition of FinTech Square, a premier platform designed to stimulate innovation and investment in Namibia's non-bank financial services sector. The event, scheduled for August 7-8 in Windhoek, aims to foster growth and accelerate digital transformation across
