LONDON—Santander Bank UK, one of the largest banks in the world, has launched an international money transfer appcalled OnePay FX, which uses Ripple’s distributed ledger technology.
THE globe
CU News From Around the Planet
REGINA, Saskatchewan–Saskatchewan’s credit unions have come together to support the newly-created SJHL Assistance Program, which was created in the wake of the tragedy surrounding the Humboldt Broncos hockey team.
BASEL, Switzerland—The Basel Committee on Banking Supervision has released a report that outlines implications of fintechs on the banking industry.
MUMBAI, India—ICICI Bank, India’s largest private sector bank by consolidated assets, has announced the launch of a service that enables non-resident Indians (NRIs) to send money to a beneficiary in India using social media such as WhatsApp in addition to e-mail.
MADISON, Wis. — The World Council of Credit Unions reported it has restructured its menu of educational opportunities under the umbrella of The Global Classroom Initiative.
BRUSSELS– The European Parliament Credit Union Interest Group met here with the European Network of Credit Unions to hold a Round Table Discussion on the Banking Reform Package and Exempted entities and ways to provide regulatory relief for credit unions.
SEATTLE—Amazon has launched its first-ever debit card in Mexico, part of a push to encourage shoppers without bank accounts to buy online.
PORTAGE la PRAIRIE, Manitoba–A change in Manitoba’s provincial budget has erased a special tax deduction for credit unions. Credit unions in Manitoba said they were not consulted prior to the change being made.
MADISON, Wis.–The World Council of Credit Unions has sent a comment letter to the Basel Committee on Banking Supervision’s "Consultative Document: Stress Testing Principles," in which it said it concurs that the stress testing frameworks that have been developed since the global financial crisis have evolved well beyond those that were envisaged since the publication of the current stress testing principles.
TOKYO, Japan—Japan will call on leaders of the influential G20 to adopt a common rule on cryptocurrencies, especially in combating money laundering.