1+ week, 4+ day ago   (126+ words) African mobile telco MTN’s push to acquire banking licences underscores the ongoing growth potential of mobile banking on the continent, analysts say, with SME lending set to drive revenue growth for both telecoms providers and fintechs in the coming years....

1+ week, 6+ day ago   (111+ words) New land degradation financing programmes have been announced at COP17, the latest meeting under the auspices of the UN Convention to Combat Desertification, aimed at crowding in private capital as a lacklustre project pipeline stymies investment. Last week saw multiple funding…...

2+ week, 3+ day ago   (159+ words) The 2022 statement was intended to encourage creditors to set up ways to meet the credit needs of specified groups US financial regulators have withdrawn earlier guidance supporting Special Purpose Credit Programs, removing a source of regulatory reassurance for banks using…...

2+ week, 6+ day ago   (110+ words) Bank of London’s parent company has again posted annual losses, compounding problems for the British fintech, which kick-started a major overhaul in May after being fined for misleading regulators. The bank’s parent company TBOL Holdings notched up losses of £27mn in…...

3+ week, 1+ day ago   (355+ words) Our return-to-office coverage remains among the most popular, in a sign that this is far more than a soft issue for managers. We have grouped our reporting on changes in banks’ flexible work policies, and staff pushback, here. Do get…...

3+ week, 1+ day ago   (86+ words) DFSA revoked guidelines for boards at banks and mortgage institutions, insurance companies and cross-sector pension funds On August 20, the Danish Financial Supervisory Authority, also known as the DFSA or Finanstilsynet, revoked three guidelines on boards of directors’ evaluation of their…...

3+ week, 3+ day ago   (111+ words) Central bank urges lenders to ensure they don’t hold accounts in the names of suspects linked to terrorism The Reserve Bank of India has notified banks and financial firms that it has amended its sanctions list of people and entities…...

3+ week, 4+ day ago   (95+ words) The South African Financial Sector Conduct Authority and the Prudential Authority have opened a consultation into changes to beneficial ownerships of financial institutions. In a joint statement, the regulators said the proposed changes aim to prevent criminals, terrorist financiers and…...

3+ week, 5+ day ago   (122+ words) Stiffer penalties are key to ensuring better compliance from South African financial service providers, Unathi Kamlana, commissioner of the country’s Financial Sector Conduct Authority, told The Banker. The FSCA at the end of July said it imposed fines worth R2.8bn ($173mn) in…...

4+ week, 1+ day ago   (139+ words) The FCA says most firms are meeting the agency’s expectations The Financial Conduct Authority (FCA) has warned that some market participants are running behind in their preparedness for the UK’s switch to a T+1 securities settlement cycle on October 11 2027. Jamie…...