After the Senate passed legislation earlier this month that boosts the Small Business Administration’s lending authority, President Donald Trump signed that legislation into law Thursday, an action that got a nod of approval from the Consumer Bankers Association. The bill increases the SBA’s authority over...
The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. The guidance did not change any regulation, but clarified the regulator’s stance on the loans, Reuters reported. In 2013, the OCC...
Commonwealth Bank of Australia, Westpac and National Australia Bank have teamed up to build the next generation of mobile payments and wallets in Australia, starting with a new mobile app. The free app, called Beem, will enable instant payments for all Australians, including small businesses, regardless...
A key regulator in Australia’s financial services industry said this week that the charges accusing Commonwealth Bank of Australia (CBA) of engaging in money laundering will not hobble its ability to operate. According to news reports from Reuters, Australian Prudential Regulation Authority (APRA) chairman Wayne...
July 03, 2023
ABN AMRO Bank has gone live with a Commercial Banking Applications (CBA) solution for trade finance processes. The Dutch bank is now using the latest version of the Norwegian software vendor’s IBAS GTF – Global Trade Finance Factory to run its global trade finance operations, the companies said in a Monday (July 3) press release. […]
June 22, 2018
After the Senate passed legislation earlier this month that boosts the Small Business Administration’s lending authority, President Donald Trump signed that legislation into law Thursday, an action that got a...
May 24, 2018
The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. The guidance did not change any...
October 31, 2017
Commonwealth Bank of Australia, Westpac and National Australia Bank have teamed up to build the next generation of mobile payments and wallets in Australia, starting with a new mobile app. The...
