LONDON—Members of the European Parliament (MEPs) have outlined plans for an E.U.-wide digital identity framework providing EU citizens with digital access to key public services across EU borders.
THE globe
CU News From Around the Planet
HONG KONG—The Hong Kong Securities and Futures Commission (SFC) is hiring four additional people this year to “better supervise” virtual asset (VA) service providers and their activities, as the market regulator readies a new licensing regime to allow for greater retail crypto investment amid the city’s push to revive its status as a hub for such assets.
BASEL, Switzerland—Central bank digital currencies (CBDC) will never have full interconnectedness due to cross-border limitations, according to the head of the Bank for International Settlements (BIS) Innovation Hub.
MADISON, Wis.–The United States Agency for International Development (USAID) said it has extended the World Council of Credit Unions’ Credit for Agriculture Producers (CAP) Project through September 2024.
WASHINGTON– Details around how artificial intelligence and machine-learning are being applied to a handful of small, community-based financial institutions to determine the best approaches to consumer lending and risk management were shared with attendees at the Global Women’s Leadership Network luncheon here.
DUBLIN, Ireland—The global anti-money laundering market is expected to reach $7.7 billion by 2030, according to a new study.
LONDON—The Financial Conduct Authority (FCA), which regulates U.K. businesses that offer services for digital assets, has sent written evidence to the U.K. Treasury Committee that suggests 85% of U.K. companies requesting registration of digital assets did not adhere to minimum AML requirements.
DAEJEON, South Korea.—The World Council of Credit Unions (WOCCU) and its Worldwide Foundation for Credit Unions (WFCU) participated in the signing of a memorandum of understanding in this country that the organizations said paves the way for the National Credit Union Federation of Korea (NACUFOK) to partner with the Caribbean Confederation of Credit Unions (CCCU) to conduct a learning and technical assessment of the digital capacity of the Caribbean credit union sector and aid CCCU in increasing their digital financial services throughout the region.
LONDON—Continuing the trend of big banks closing branches while CUs expand them, NatWest plans to close 23 of its physical facilities in England and Wales.
MADISON, Wis.—The Worldwide Foundation for Credit Unions and the World Council of Credit Unions said they are accepting applications through April 14 from credit union development educators interested in obtaining designation in the International Credit Union Development Education (I‐CUDE) program.