Banking
The US Federal Reserve proposes new single cap on interchange fees
The US Federal Reserve proposes a new cap on debit card interchange fees for transactions.
The proposal aims to assess whether interchange fees...
Banking
US Bank subsidiary Elavon lands UK banking authorisation
Elavon Financial Services DAC, a subsidiary of US Bank, has obtained authorization from the Bank of England as a licensed provider of financial...
Banking
ECB’s digital euro project to enter preparation phase from next month
The European Central Bank (ECB) is entering the "preparation phase" of its digital euro project on November 1, 2023.
This phase involves selecting...
Banking
UAE’s central bank launches Aani, a new instant payments platform
The Central Bank of the UAE (CBUAE) launches a new instant payments platform called Aani.
Aani is available through partner financial institutions and...
Banking
Fintech unicorn Slice to merge with India’s North East Small Finance Bank
Indian credit card fintech Slice has received approval from the Reserve Bank of India (RBI) to merge with North East Small Finance Bank (NESFB),...
Banking
Project Mariana successfully completes cross-border settlement of wholesale CBDCs
Project Mariana successfully tested cross-border settlement capabilities of wholesale central bank digital currencies (wCBDCs) across major global markets.
FactsProject Mariana, initiated in November 2022,...
Banking
Central Bank of Ireland proposes minimum knowledge requirements for credit union workers
The Central Bank of Ireland is implementing minimum knowledge and competence standards for staff working at credit unions, aiming to enhance their skills and...
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