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The Central Bank of Egypt has gone on to sign an appendix to the MoU with its Jordanian counterpart. Apparently, the MoU pertains to the banking supervision field between the two parties, which has existed since 2004. The new...

The Bank of England is going to decide by year's end whether tougher disclosure rules will be needed for banks after an almost complete meltdown in funds related to pensions in September 2022. The bank projected weaknesses when it...

In a significant development, Top US banking regulators have gone on to issue a joint statement on warning banks of liquidity risks that are posed by crypto-asset-related entities. The Office of the Comptroller of the Currency- OCC, The Federal...

US FinTech Mission Lane has expanded its partnership with data network Plaid to bring secure open finance solutions to its two million-plus customers. The partnership leverages Plaid’s open finance API data connectivity solution, which will allow Mission Lane customers to...

While banks have traditionally relied on data analytics, they may significantly improve their performance with the help of artificial intelligence (AI) and machine learning (ML) technologies. It is well to be noted that AI and ML are commonly recognised...

According to a survey by ABI Research, global cybersecurity expenditure on industrial critical infrastructure like energy and transportation, including water and waste management, is anticipated to reach $23 billion by the end of the year. By 2027, spending is...

According to Joe Sergienko, Berkley Research Group's managing director, banks need to ensure they can appropriately explain and supervise the models they deploy, especially if they are cooperating with a supplier, as authorities focus on how lenders are using AI...