Singapore has taken a significant step in the fight against financial scams with the enactment of the Protection from Scams Bill. This new legislation, passed on January 7, 2025, grants police the authority to freeze bank accounts of individuals suspected of falling victim to scams. The move comes
In today's rapidly evolving digital landscape, banking institutions are increasingly relying on advanced technologies to keep pace with sophisticated threats. One of the most pressing challenges for banks is fraud detection, a field that has seen a growing partnership with artificial intelligence
Bank regulation is a complex and multifaceted topic that impacts the entire financial system and the broader economy. Governor Bowman's recent speech on bank regulation delves into various aspects of the subject, highlighting both the costs and benefits of the current regulatory framework. Her
As we edge closer to 2025, the fintech industry is poised for a revolution driven by groundbreaking advancements in artificial intelligence (AI), substantial shifts in payment technologies, evolving regulatory landscapes, and the urgent need for sustainable finance. The fintech landscape promises
The year 2024 witnessed a significant surge in anti-money laundering (AML) fines across various industries. This increase in penalties underscores the growing regulatory focus on combating financial crime and ensuring compliance with AML and countering the financing of terrorism (CFT) regulations.
The escalating conflict between Coinbase, a leading cryptocurrency exchange platform, and U.S. banking regulators has reached a critical juncture. This confrontation underscores the broader struggle between the crypto industry and traditional financial authorities over access to essential banking
