The United States’ journey towards open banking has hit a critical pause after a federal injunction temporarily halted the Consumer Financial Protection Bureau’s (CFPB) long-awaited rule on consumer data access. Designed to
A landmark collaboration between global fintech platform Afriex and Visa is reshaping the future of cross-border payments, introducing a new era of real-time financial connectivity. By integrating Visa Direct through its banking
Europe’s evolving stance on digital assets is taking a sharper turn as France proposes to classify cryptocurrencies as “unproductive wealth,” placing them under wealth tax frameworks traditionally reserved for luxury assets. This
Africa’s fintech revolution has entered a new phase as Nigerian-born Moniepoint secured an additional $90 million in funding, extending its latest investment round to $200 million. Backed by Visa, Alphabet’s Google Africa
The UK’s Financial Conduct Authority (FCA) has issued a sharp warning to banks and payment providers, demanding tighter safeguards to combat the rising tide of romance fraud. Following a comprehensive review of
In the fast-evolving world of corporate finance, merchant banks are becoming increasingly crucial. Unlike traditional retail banks, which cater to the general public, merchant banks specialise in offering high-end financial services tailored
HSBC’s proposed acquisition of the remaining 40 per cent stake in Hang Seng Bank marks one of its most significant strategic moves in Asia in recent years. Valued at approximately US$13.6 billion,
UBS Group has doubled down on its commitment to shareholder payouts, even as Swiss regulators prepare to tighten capital requirements in the wake of the Credit Suisse collapse. Under the leadership of
A new report from Standard Chartered has sent ripples through the financial world, warning that stablecoins could drain as much as $1 trillion from emerging market banks within the next three years.
The reinsurance world has long operated behind the scenes – essential to the functioning of global insurance markets, yet often invisible to all but industry insiders. But as risk becomes more complex
