Technology

The Consumer Financial Protection Bureau- CFPB has gone on to warn that the financial institutions that deploy chatbots poorly will go on to retard consumer interaction and thereby stand as a barrier when it comes to resolving problems, as...

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...

On March 8, 2023, Britain's financial watchdog said that stringent rules were needed to purify crypto in order to eliminate conflict of interest, safeguard the assets of the customer, and quicken radical changes in the business model. The new chair,...

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...

In April 2023, the Bank of Japan intends to start a pilot project for central bank digital currency- CBDT post a successful proof of concept- PoC. Uchida Shinichi, executive director of central bank in Japan made this announcement at...

The Central Bank of the United Arab Emirates (CBUAE) has initiated the Financial Infrastructure Transformation (FIT) program to push the digital transformation across the country's financial services sector. The CBUAE opined that the FIT project consists of nine important efforts...

As per what officials said on February 6, Britain is planning to push for a possible digital pound, which may come into use in the second half of the decade, and thereby help in the prevention of fragmentation of...