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Iran's sanctions-avoiding efforts involve two UK banks

The Financial Times has obtained documents that showcase Iran’s efforts to evade sanctions by using accounts at two of the UK’s largest banks.

banks, financial sanctions, regulation, compliance

Tadhamon Bank gears up for Open Banking with Azentio's iMAL

Azentio Software has announced that Tadhamon Bank is now live with the upgraded and latest version of iMAL, Azentio’s digital Islamic core banking platform.

Open Banking, banking, digital banking, Islamic banking

Central Bank of UAE reveals a new CBDC strategy

The Central Bank of UAE has revealed its plans to complete the first phase of its central bank digital currency project  in mid-2024.

CBDC, central bank, digital currency, banks

UAE central bank has announced the completion of its CBDC pilot

The Central Bank of the United Arab Emirates (CBUAE) has announced the completion of its CBDC pilot in partnership with commercial banks in four jurisdictions.

central bank, CBDC, cross-border payments, partnership

Huobi supports UK-based Koinal for crypto purchase

UK-based cryptocurrency firm Koinal has reached an agreement with Huobi to integrate its checkout system.

Koinal, Huobi, cryptocurrency, crypto exchange, Bitcoin, crypto wallet, partnership, debit card

"The pandemic isn't the cause of the rise of instant payments, it is rather further motivation for an already growing trend" – Interview with BPC

The Paypers sat down with Oleg Patsiansky, Head of Digital Banking at BPC to discuss the current status of instant payments and lessons learned from implementing infrastructures on a nationwide level

Oleg Patsiansky, BPC, BPC Payments, SEPA, Faster Payments, SEPA Instant Credit Transfer, instant payments, Europe, instant payments infrastructure, C2C, B2B, QR payments, IBAN, machine learning, WeNet, fraud prevention

Al Kuraimi Islamic Bank selects Temenos to replace its IT systems

Yemen, bank, Temenos, digital banking, KIB, Temenos Infinity, Temenos Transact, software, API, omnichannel, Islamic banking, retail

EU extends money laundering blacklist

A new blacklist of non-EU countries alleged to have weak anti-money laundering regimes has been adopted by the European Commission, extending it from 16 to 23 countries.

European Commission, Europe, money laundering, anti money laundering, 5th AML, fraud prevention, tax evasion

NETE to provide mobile money transfer in AMEA region via joint venture

Net Element (NETE) has unveiled plans to create a joint venture with Paystar and Nexcharge to provide mobile money transfer in AMEA region.

NETE, Paystar, Nexcharge, mobile money transfer, AMEA region, remittance, eWallet