OnlyFans shows how the banking system is politicized

Recently, popular content subscription service, OnlyFans, announced a movement away from sexual content. Specifically, the platform announced a ban on explicit and sexual content (while allowing more harmless nude content). The movement raised its eyebrows; OnlyFans banning sexual content is like a lion announcing his intention to become a soccer or football star Lionel Messi banning his left foot. Sexual …

S&P welcomes stability of North Macedonian banking system

SKOPJE (North Macedonia), Aug.26 (SeeNews) – North Macedonian central bank NBRSM has said Standard & Poor’s (S&P) has confirmed its long-term and short-term sovereign credit in foreign and local currency ‘BB- / B’ ratings on the country, highlighting the stability of its banking system. “The central bank successfully maintains confidence in the banking sector, as also evidenced by the steady …

Indonesia wants an open banking system

Indonesia has set a framework for an open banking system that will enable interoperability between digital businesses and boost the country’s e-commerce market. The initiative started in 2016, and on August 20, Bank Indonesia published a standard on standards for an open application programming interface (API) for payments. According to the new standard, 16 banks and payment service companies will …

Tanzania: Masoud aims to elevate Pbz to the top five commercial banks in Tanzania

ZANZIBAR President Dr Hussein Mwinyi last February appointed seasoned banker and former University of Dar es Salaam lecturer Dr Muhsin Salim Masoud to head the People’s Bank of Zanzibar (PBZ). In an interview with editor-in-chief MASATO MASATO, the new CEO pledges to transform the five-decade-old financial institution into a trillion bank within three years … Q:. Thank you! Q: A …

DOF pledges to strengthen Islamic banking system

MANILA, Philippines – The Department of Finance (DOF) is committed to strengthening the Islamic banking system in the Philippines to boost investor confidence and advance peace in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). Finance Secretary Carlos Dominguez said the DOF will work with Islamic banks to improve their portfolios as part of efforts to create a financial industry …

Strong retail rush for 4 IPOs puts banking system under pressure

According to industry players, many banks struggled to process the record 10 million retail inquiries collected, resulting in a higher failure rate and delayed OTP messages. The subjectsIPO | Banking system | Individual investors The four Initial Public Offerings (IPOs) that closed on Friday generated offers worth 1.7 trillion rupees and attracted more than 10 million retail applications, straining the …