In a March 7 hearing of the U.S. Senate Banking Committee (“Semiannual Monetary Policy Report to the Congress”), Federal Reserve Chair Jerome Powell offered...
Bahrain’s sovereign wealth fund Mumtalakat announced an investment in Singapore Gulf Bank (SGB), a new digital bank founded by Whampoa Group.
This investment will support...
Artificial Intelligence (AI) has surged into the mainstream and is poised to revolutionize operations in the banking sector. Several factors have fueled this surge,...
In 2024, digital banks continue to rise, drawing in customers with their innovative services. Leading digital banks such as Chime, Current, and Varo
report significant...
In the rapidly evolving landscape of cryptocurrency and blockchain technology, the Federal Reserve Bank of Atlanta has recently spotlighted the need for heightened vigilance....
GCEX Group,
a digital asset brokerage, has added two senior hires in the UK as the company
continues expanding its operations in the country. The company...
The adoption of smart contracts in the banking sector is revolutionizing
traditional financial processes, bringing about unparalleled efficiency and
security. As blockchain technology gains prominence, smart...
Saldo Bank, a Finnish neobank with operations centered in
Lithuania and supervised by the Bank of Lithuania, has expanded its services to
Sweden. With a strategic...
The Indian banking sector, once synonymous with barters, brick-and-mortar ubiquitousness, and bureaucratic nonchalance, is currently undergoing a momentous transformation. This metamorphosis is catalyzed by...
A plethora of technological advancements and geopolitical events repeatedly upend the banking industry. 2023 was no exception, marked by highly publicised bank failures, rising...
The Hong Kong Monetary Authority (HKMA) has released a circular outlining regulatory standards for institutions selling and distributing tokenized products, aiming to promote innovation,...
