As per International Monetary Fund, high inflation, geo-political tensions and financial system instability all add up to chaos that will affect global growth.
With seamless portability of accounts between banks, more deposit outflows are expected in US, thereby impacting the way regulators conduct the supervision.
U.S. Bank, Kyriba Kyriba, a global leader in cloud-based finance solutions, and U.S. Bank announced that they are working together to ease the process of enabling real-time payments and reporting for businesses.
In the next couple of years, a new body will be setup to encourage competition
within the banking services by way of third-part apps from fintech companies.
The EU has proposed to make it harder for states to give out money to failing
banks and thereby avoid heavy taxpayer handouts which have taken place in past.
In order to regulate cryptoassets market when it comes to trading of Bitcoins, etc., a thumping support from the European Union parliament has been received.
