The Korean financial market is experiencing an ambitious shift towards digitalization, taking significant steps in the realm of small payment processing. With technological innovations, evolving consumer preferences, and regulatory advancements driving this change, Korea aims to establish a
The European Central Bank (ECB) has recently tightened regulations for intraday liquidity management, leaving banks grappling with the complex implementation process. Issued in late 2024, the ECB's guidelines specify 76 stringent requirements related to real-time oversight, detailed data
The Pay360 event is widely recognized for its forward-thinking discussions on emerging trends and cutting-edge innovations in the financial services sector. This year's conference, attended by Philip Benton for the first time, delved into pivotal developments poised to shape the future of
In a significant policy shift, the Federal Deposit Insurance Corp. (FDIC) has updated its stance on cryptocurrency regulations for banks, allowing them to engage in crypto-related activities without prior approval. This change marks a notable departure from the previous strict oversight mandate
Tax season in Canada not only brings the usual challenges of filing returns and ensuring all documents are in order but also an increase in tax-related scams that target individuals' personal information and finances. The Canada Revenue Agency (CRA) has warned about rising incidences of
The financial sector is an ever-changing domain that requires constant adaptation. Credit unions are committed to evolving alongside technological advancements and regulatory frameworks. This article explores how credit unions are meeting these challenges head-on. Credit unions are member-owned
