EU: What Will The New Basel III Regulation Mean For The EU Banking World?

The European Parliament, the Member States, and the European Commission have agreed on a preliminary compromise to implement Basel III, the internationally agreed banking supervision standards, into European law. This agreement will modify the capital requirement regulations and directives for banks (CRR III and CRD IV). The banking package will also include additional regulations for crypto assets and sustainability risks. The EU is the first jurisdiction worldwide to translate all elements of the new […]

By | August 3rd, 2023 ||

Nigeria: Steps To Establishing A Digital Bank In Nigeria

In recent times, the idea of digital banking has become increasingly popular with the establishment of digital banks. These digital banks like Kuda, Vbank, and ALAT by Wema provide a seamless means of banking by allowing customers open accounts, request debit cards, and perform complex transactions with any digital device.

As a result of the widespread acceptance of this banking model, Fintech Founders are majorly interested in knowing how to set up.

Who can Establish a […]

By | August 2nd, 2023 ||

Canadians’ Awareness Of Open Banking Is Low – But Does It Matter?

The results are in: Canadians’ understanding of open banking is low, according to the Financial Consumer Agency of Canada (“FCAC”). On June 1, 2023, the FCAC released the results of its 2022 survey of Canadians’ awareness and understanding of open banking and financial technology (“FinTech”) services. The survey was conducted between May and June of 2022 as part of FCAC’s mandate to evaluate trends and emerging issues in finance that impact consumers. The survey also fits […]

By | August 1st, 2023 ||