Tag: Compliance
India’s RBI orders Paytm Payments Bank to halt banking services by end of February
The Reserve Bank of India (RBI) has directed Paytm Payments Bank to cease accepting deposits, providing credit services, and facilitating fund transfers from...
Emirates NBD partners Silent Eight to bolster compliance operations
Emirates NBD, a Dubai-based banking group, has entered a partnership with Silent Eight, a Singapore-based anti-financial crime platform.
Silent Eight provides an AI...
Banking Technology Magazine February 2024 issue out now
The February edition of Banking Technology Magazine discusses challenges in the banking and fintech industry in 2024.
Mass layoff announcements were reported across...
UK’s PRA fines HSBC £57m for “historic depositor protection failings”
HSBC was fined £57.4 million by the UK’s Prudential Regulation Authority (PRA).
Fine issued to HSBC's European holding company (HBEU) and UK subsidiary...
CFPB proposes new laws to stamp out NSF fees for transactions declined in real time
The US Consumer Financial Protection Bureau (CFPB) proposes a ban on fees for non-sufficient funds (NSF) charged by banks, credit unions, and certain...
The Philippines’ UnionBank taps Informatica for MDM solution
UnionBank's Digital Transformation:UnionBank of the Philippines is actively pursuing digital transformation and transitioning to the cloud.
The bank has adopted Informatica's Master...