India’s digital payment landscape is set for a major upgrade with the Reserve Bank of India’s (RBI) announcement of new guidelines aimed at strengthening the security of digital transactions. Starting from April
The Prudential Regulation Authority has proposed a significant reduction in financial reporting obligations, aiming to cut 37 templates currently submitted by banks. The move, now under consultation, is intended to reduce compliance
Deutsche Bank has thrown its support behind the creation of the Defence, Security and Resilience Bank (DSRB), a global initiative designed to finance rearmament and strengthen national defence capabilities. The proposed bank,
In a groundbreaking development for the banking sector, Swiss banks UBS, PostFinance, and Sygnum have successfully completed the first legally binding interbank payment using a public blockchain. This achievement, confirmed by the
On September 16, 2025, European financial markets showed caution, with the pan-European STOXX 600 index slipping 0.13%. This decline was largely driven by a 1% drop in bank and insurance stocks –
Revolut has introduced a new ‘Pay by Bank’ feature, allowing merchants to accept payments directly from consumers’ bank accounts. This innovation aims to disrupt the traditional card-based payment system by offering a
HSBC and Deutsche Bank have revised their forecasts for the Bank of England’s (BoE) rate cuts, postponing expectations due to ongoing inflationary pressures and economic uncertainty. HSBC now projects that the BoE
The European Central Bank and the People’s Bank of China have renewed their bilateral currency swap arrangement, extending the €45 billion facility until October 2028. Designed to give euro area banks access
In a significant move towards modernising its financial infrastructure, Japan Post Bank has announced plans to launch a digital yen (DCJPY) by the end of fiscal year 2026. This initiative comes at
Poland’s central bank is widely expected to trim its benchmark interest rate by a quarter of a percentage point this week, easing it to 4.75 per cent. The anticipated move continues a
