Under a newly issued direction on implementing solutions to promote growth, control inflation and stabilise the macro economy, the PM notes that the removal must be accompanied by a system of clear standards and criteria to classify credit institutions that have governance capacity, healthy operations, and compliance with safety indicators in banking operations. At the
Stablecoin and tokenization firm Paxos has filed an application with the Office of the Comptroller of Currency (OCC) for a national trust charter, the firm announced on Monday. If approved, the application will upgrade the firm’s existing New York Department of Financial Services (NYDFS) charter, allowing it to conduct business across the United States. “The
Bangladesh Bank is designing a Tk 20,000-crore plan to restructure troubled banks, backed by international audits and new legal powers to deal with failing lenders. “The first phase will start in a month or so, and some banks will be restructured by December,” BB Governor Ahsan H Mansur told The Daily Star last week. For
HANOI: Prime Minister (PM) Pham Minh Chinh requests the State Bank of Vietnam (SBV) to develop a roadmap to pilot the removal of the credit growth quota regulation from 2026. Under a new direction on implementing solutions to promote growth, control inflation and stabilise the macro economy, the PM noted that the removal must be
US President Donald Trump has signed an executive order, ‘Guaranteeing Fair Banking for All Americans’, seeking to halt politically or religiously motivated ‘debanking’ and to force regulators to base decisions on objective, risk-based analysis rather than ‘reputation risk’. Signed on 7 August 2025, the order directs agencies to strip such language from guidance within 180
AU Small Finance Bank has become the first small finance bank in over a decade to secure a universal banking licence from the banking regulator. The approval marks a significant shift in the bank’s operational scope, explains Ashvin Parekh l Why a universal banking licence is rarely granted THE RARITY OF universal banking licences (UBL) reflects
Wix Checking, powered by Unit’s embedded finance solution, offers real-time cash flow visibility and instant access to funds to eligible Wix merchants NEW YORK, August 11, 2025–(BUSINESS WIRE)–Unit, the leading embedded finance provider, today announced that its banking technology powers Wix Checking1, the new integrated business banking solution launched by Wix.com Ltd. (NASDAQ: WIX), the
NEW YORK, August 11, 2025–(BUSINESS WIRE)–Slice Insurance (Slice) announced today that CEO and Co-Founder Tim Attia will join industry leaders at the 2025 William Blair Insurance, Banking & Wealth Technology Conference. On Tuesday, August 12, 2025, Attia will speak on the panel “Insurers Race to Upgrade” from 1:30 PM to 2:05 PM ET, exploring how
Running a business smoothly requires determination. It takes clear financial insight, reliable tools to manage day-to-day operations, and the flexibility to grow. Most business owners don’t have time to jump between multiple platforms or dig through spreadsheets just to understand their financial position. They need a system that works as hard as they do –
Retail trade organisations have responded positively to President Trump’s executive order titled “Guaranteeing Fair Banking for All Americans,” issued on 7 August 2025, which seeks to curb so-called “politicized or unlawful debanking”—the denial of banking services based on political, religious or lawful business affiliations. The Merchants Payments Coalition, representing small retailers, supermarkets and convenience stores,