The United States Federal Reserve launched a new digital payment system called FedNow, which will facilitate transactions for financial companies, service providers, among others.
Since last June, various testers have been participating in the development of this new Fed tool. Now it is a reality,…
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banks
The EU agrees on the reform of banking regulation
The European Union reached an interim agreement on banking regulatory reform to increase the resilience of banks operating in the Union and strengthen their supervision and risk management by finalizing the implementation of globally agreed…
The 27 support new rules to improve the availability of instant payments in euros
The Twenty-seven have adopted this Monday their position so that payment service providers, such as banks, which offer standard credit transfers in euros, also offer the service of sending and receiving instant payments and that, in case…
WhatsApp Business can also be linked on 4 devices
WhatsApp replicated the improved multi-device mode in its version for companies, WhatsApp Business, in such a way that firms can enable up to four employees to connect to the same account in the messaging application.
Meta announced last…
Morgan Stanley plans to cut 3,000 jobs
The US investment bank Morgan Stanley plans to eliminate approximately 3,000 jobs by the end of June, according to the US network CNBC, citing a source with knowledge of the entity's plans.
The adjustment would equate to about 5 % of the…
Swiss President in favor of Credit Suisse-UBS merger
The Swiss government defended its role in bailing out Credit Suisse Group through its takeover by rival UBS, saying intervention to prevent the collapse of the country's second-biggest bank was necessary to avoid "disastrous" consequences.…
Investors rotate their funds amid the banking crisis
The banking crisis caused a reorganization of the investments of the investors in the last two weeks. According to EPFR data obtained by the Financial Times, more than $286 billion has been invested in US money market funds in March.
The…
The US will extend protection to banks in the face of the financial situation
The United States Secretary of the Treasury, Janet Yellen, is considering expanding the protection of depositors from other small entities under conditions similar to those of the intervention of Silicon Valley Bank (SVB) and Signature…
ECB will study the response of banks to cyberattacks
The head of supervision of the European Central Bank, Andrea Enria, recently stated that the entity carried out a measurement of the response capacity of banks to cyberattacks.
Since the beginning of the war between Russia and Ukraine, the…
Banks under US pressure to cut ties with cryptocurrency companies
Financial authorities in the United States are pressuring banks to cut their ties with cryptocurrency companies, according to reports. The pressure is largely due to concerns about money laundering and terrorist financing, which it is…
Dismantle identity theft website to commit scams
A joint international action by judicial and police authorities from Europe, the United States, Canada, and Australia has dismantled a website that offered identity theft services to commit fraud worth 115 million euros.
The website…
Guatemala will host the Feleban Assembly
Guatemala was chosen for the second time as the venue for the 56th edition of the Annual Assembly of the Latin American Federation of Banks (Feleban).
The event, also organized by the Banking Association of Guatemala, will be held between…