Bill C-15 Raises Capital Gains Exemption to $1.25 Million, Blocks Corporate-Controlled Mutual Fund Corporations and Launches Stablecoin Regulation
Bill C‑15, the Budget 2025 Implementation Act, received Royal Assent on March 26, 2026, overhauling Canada’s financial‑services framework. It raises the lifetime capital‑gains exemption to $1.25 million and expands the exemption for cooperative and employee‑ownership business sales. The legislation bans corporate‑controlled mutual‑fund corporations, grants OSFI broader enforcement powers, and introduces a Stablecoin Act that puts digital‑asset issuers under Bank of Canada oversight. Additional provisions create a consumer‑driven data‑sharing regime, tighten prudential limits, and streamline fintech innovation through temporary regulatory exemptions.
CIRO Puts Rulebook Harmonization, Complaint Timelines and Account Transfers at the Top of Its Final-Year Agenda
The Canadian Investment Regulatory Organization (CIRO) unveiled its fiscal 2027 agenda, the final year of its 2025‑2027 Strategic Plan. The regulator will prioritize completing a single, harmonized rulebook that merges investment‑dealer and mutual‑fund‑dealer requirements, while also finalizing advisor‑compensation and dual‑registration...
NLB Joins Raiffeisen in Bidding Battle for Balkans Lender Addiko
Nova Ljubljanska banka (NLB) announced a €29‑per‑share offer for Addiko Bank, valuing the Balkan consumer‑lending specialist at €566 million (about $663 million). The bid directly challenges Raiffeisen Bank International’s earlier €23.05 offer. NLB’s proposal aims to secure a controlling stake in Addiko’s...
Thai Credit Guarantee Corporation Unveils Loan Scheme for Micro SMEs
The Thai Credit Guarantee Corporation (TCG) has rolled out a loan‑guarantee program worth 10 billion baht (about $280 million) to help micro‑SMEs cope with Thailand’s energy crisis. Guarantees range from 10,000 baht to 1 million baht per borrower, with fees waived for the first...
U.S. Federal Reserve Considers Taking FedNow Global
The Federal Reserve is evaluating a rule change that would let FedNow participants send funds to foreign correspondent banks, effectively extending the real‑time payments network beyond U.S. borders. FedNow has already attracted more than 1,600 financial institutions, but its use...
Bank of America’s CashPro App Records $1.2T in Payments & 20% Usage Growth, as AI and Mobile Transform BofA Treasury...
Bank of America’s CashPro platform processed roughly $1.2 trillion in corporate payments over the past year, marking a significant scale for the bank’s treasury services. Transaction volume grew 20% year‑over‑year as AI‑driven features such as automated cash forecasting and fraud detection...
Commercial Lending Surges as Capital Returns in Late 2025
U.S. commercial real‑estate lenders ended 2025 with a sharp rebound, as CBRE's Lending Momentum Index jumped 67% year‑over‑year to 1.2, matching pre‑pandemic activity. Permanent financing surged 26% in the fourth quarter, delivering the strongest monthly volume since 2021, while mortgage...
Morningstar DBRS: BFF Bank S.p.A.'s Solicitation Status Changed to Unsolicited; Credit Ratings to Be Withdrawn Upon Conclusion of Review Period
On 2 April 2026 BFF Bank S.p.A. announced it was ending its credit‑rating relationship with Morningstar DBRS, prompting the agency to change the solicitation status from solicited to unsolicited. DBRS simultaneously downgraded BFF’s long‑term issuer rating to BB (low) from BB and...
Australia’s AML Reforms: Strategies for Success in 2026
Australia’s anti‑money laundering and counter‑terrorism financing reforms will take effect in early 2026, prompting regulators and industry leaders to adopt a risk‑focused, outcomes‑based approach. AUSTRAC’s chief executive signaled a move away from tick‑box compliance toward substantive risk management, encouraging firms...
RBI Proposes New Measures to Combat Rising Digital Payment Frauds
The Reserve Bank of India (RBI) has unveiled a discussion paper proposing several safeguards to curb the surge in digital payment frauds. Key measures include a one‑hour delay on account‑to‑account transfers above ₹10,000, a trusted‑person authentication for vulnerable users on...
Mortgage Credit Hits Three-Year High Entering Spring Market
Mortgage credit availability climbed to a three‑year high in March, with the Mortgage Credit Availability Index (MCAI) posting 108.3, its strongest level since August 2022. The index showed modest gains across conforming, jumbo and government‑sponsored loan products, driven by a...
Facing a Precarious Economy, Gen Z Turns to Credit
Gen Z is adding credit cards at a faster pace than any other generation, with more than one in four adults aged 18‑29 opening at least one new account in the past year. At the same time, their average FICO...
Revolut Rolls Out AI Assistant for Daily Financial Tasks
Revolut introduced AIR, an AI‑powered personal assistant, to its UK app on April 9, enabling users to query spending, budgeting, investments and manage card controls through conversational chat. The feature can pause recurring payments, provide live exchange rates, and freeze...
RBI Issues Guidelines to Enhance Efficiency of Cross-Border Inward Payments
The Reserve Bank of India has released new guidelines to accelerate cross‑border inward payments. Banks must credit inbound funds received during foreign‑exchange market hours on the same business day and those received after hours on the next business day, while...
Banks Close Out Bulk of Their Long Dollar Positions Ahead of RBI’s April 10 Deadline
The Reserve Bank of India issued a prudential circular on March 27 requiring banks to cap their net open position in INR at $100 million, with compliance due by April 10. In response, banks have unwound roughly 90 percent of the estimated $18‑30 billion...
Going Deeper: Trade Finance In Asia
Asian demand for trade finance remains robust despite US tariff uncertainty, with exporters turning to supply‑chain finance (SCF) and green financing solutions. Forecasts show a 9.8% CAGR for overall SCF and an 18.6% CAGR for sustainable SCF through 2033, reflecting...
Federal Reserve Board Announces Termination of Enforcement Actions with Crédit Agricole S.A. and Crédit Agricole Corporate and Investment Bank, Mega...
The Federal Reserve Board announced on April 9, 2026 that it is terminating three longstanding cease‑and‑desist enforcement actions—one against Crédit Agricole S.A. and its corporate‑banking arm, another covering Mega International Commercial Bank’s U.S. branches, and a third involving Goldman Sachs. The orders,...
Compare Current Mortgage Rates Today - April 9, 2026
Investopedia’s daily mortgage snapshot for April 8, 2026 shows the average 30‑year fixed‑rate at 6.42 % for purchases and 6.60 % for refinances, with rates ranging from 5.61 % on 15‑year loans to 6.60 % on FHA 30‑year products. VA loans are the cheapest fixed‑rate option,...
Japan Watchdog Probes Private Debt Exposure Amid U.S. Risk Concerns
Japan's Financial Services Agency is launching an inquiry into domestic banks' exposure to private‑debt lending, amid mounting worries about U.S. private credit fund redemptions. The probe focuses on whether loans to asset managers that run these opaque funds have become...
PMMY Loans’ Disbursal Reach All Time High at ₹5.64 Lakh Cr in FY26
The Pradhan Mantri Mudra Yojana (PMMY) disbursed a record ₹5.64 lakh crore in FY26, up from ₹5.40 lakh crore the year before. A total of 4.57 crore loans were issued across Shishu, Kishore, Tarun and the newer Tarun‑plus categories. Non‑performing assets fell to about 2%,...
Add Intuit as the Latest FedNow Participant
Intuit has received FedNow certification, enabling QuickBooks and other fintech services to offer real‑time payments through the Federal Reserve’s network. The integration will let customers instantly pay invoices, process payroll, and settle bill payments, cutting the lag inherent in ACH...
Chhangani Cited in FT Article on the Banks and Financial Institutions Willing to Launder Dollar Payments for Iran
The Financial Times reported that a network of banks and financial institutions is facilitating dollar‑denominated payments for Iran, effectively laundering sanctions‑evading funds. Atlantic Council senior fellow Alisha Chhangani is quoted highlighting how correspondent‑bank relationships and opaque shell entities enable the...
NF Innova on FinTense, AI and the Power of Personalization
NF Innova, a Noventiq subsidiary, showcased its AI‑driven FinTense platform at FinovateEurope 2026, emphasizing micro‑personalization for banks. The platform assigns a digital banking score and automates customer‑facing processes, enabling traditional institutions to tailor experiences down to UI colors and navigation...
Circle Signs Thunes for Its New Managed Payments Platform
Circle Internet Group launched its Circle Payments Network Managed Payments platform, and Singapore‑based Thunes became one of the first participants. The service enables Thunes’ clients to settle transactions in USDC without abandoning existing fiat‑based processes. Circle will generate the stablecoin,...
Velera FinTech Partners Deliver Exclusive Benefits to Credit Unions
Velera, a credit union service organization, has broadened its FinTech Engagement Program to feature six new fintech partners that will provide credit unions with discounted pricing, waived fees, and other exclusive benefits. The inaugural partners—Coverbase, InvestiFi, Larky, Spiral, Swaystack, and...
Best Mortgage Refinance Rates - April 9, 2026
Mortgage refinance rates released on April 8, 2026 show the benchmark 30‑year fixed at 6.60%, matching the FHA rate, while jumbo 30‑year loans sit slightly lower at 6.56% and 15‑year fixed loans drop to 5.61%. The rates are derived from Zillow’s API...
Compare Current Jumbo Mortgage Rates Today - April 9, 2026
Jumbo mortgage rates edged higher on April 8, 2025, with the 30‑year fixed at 6.30% and the 15‑year at 6.31% for qualified borrowers. The rates are based on an 80% loan‑to‑value ratio and a FICO score between 680‑739, reflecting the lowest offers...
MotoNovo Owner Looks to Sell and Exit UK Motor Finance Market
FirstRand, the South‑African owner of MotoNovo, announced it will exit the UK motor‑finance market after the Financial Conduct Authority’s car‑loans redress scheme forced a provision of £750 million (≈$945 million), far exceeding the division’s decade‑long profit of £275 million (≈$346 million). The FCA scheme...
From Compliance to Revenue: Ozone API Launches Guide to Help Banks Commercialise Open Banking
Ozone API, founded by the original architects of the UK open‑banking standard, has released a free "Commercialising Open Banking" guide. The resource outlines a three‑tier framework—foundational, premium, and distribution APIs—to help banks shift from compliance‑only thinking to revenue‑generating models. It...
Broker’s Call: Aptus Value, Aadhar Housing Fin (Outperform)
Bernstein reiterates Outperform ratings on Aptus Value Housing Finance and Aadhar Housing Finance. Aptus posted 25% YoY EPS growth, a 7.3‑7.4% return on assets and aims for ₹25,000 cr (≈$3.0 bn) AUM by FY29 while planning 60‑70 new branches. Aadhar’s AUM rose...
The Open Banking Divide in South Africa
South Africa’s Reserve Bank has warned that the country’s market‑led open‑banking model could entrench financial exclusion, while Standard Bank argues that commercial innovation can drive inclusion. The bank highlights its PayShap API, which lets clients initiate payments through their own...
PayPal Links on Canva and Other Digital Transactions News Briefs From 4/9/26
PayPal announced that its Payment Links are now available on Canva, allowing creators to accept payments through text, email or social media. At the same time, Adyen introduced Intelligent Money Movement to give global businesses real‑time cash positioning, while Paysafe...
As Fraud Escalates, Taking a Beat Becomes a Critical Defense
Fraud in the United States surged to an all‑time high, with the FBI reporting nearly $21 billion in losses last year and over one million complaints filed. Cryptocurrency investment scams alone accounted for $11 billion in damages, while AI‑driven schemes generated $893 million in...
UK’s Best Bank Revealed – and It’s Not a Bank
Forbes and Statista’s 2025 global banking survey crowned Nationwide as the United Kingdom’s top‑ranked bank, even though it is technically a building society. The study surveyed 54,000 respondents across 34 countries, weighting trust, terms, service, digital capability and advice. Nationwide’s...
Banks Are Treading Carefully on Stablecoins Despite Market Growth, S&P Global Says
U.S. banks are proceeding cautiously with stablecoins despite the market swelling past $300 billion, according to S&P Global. Only 7% of smaller institutions are developing frameworks and none are running pilots, highlighting a wait‑and‑see posture. Larger banks may explore issuing tokenized...
The EBA Consults on Revised Guidelines on Limits on Exposures to Shadow Banking Entities Under the Capital Requirements Regulation
The European Banking Authority (EBA) has opened a public consultation on revised Guidelines that set limits on exposures to shadow banking entities (SBEs) operating outside the regulated banking framework. The update aligns the Guidelines with the EU’s new large‑exposure reporting...
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The Reserve Bank of India: Functions & Role
The Reserve Bank of India (RBI), founded on April 1, 1935 under the RBI Act of 1934, serves as India’s central bank and monetary authority. It formulates and implements monetary policy, regulates currency issuance, and oversees the nation’s credit and foreign‑exchange markets....
Why AMLA’s Article 12 Demands a New Approach to Corporate Due Diligence
The EU’s Anti‑Money Laundering Authority (AMLA) draft RTS introduces Article 12(1)(d), obliging firms to perform a qualitative assessment of whether a corporate structure is deliberately opaque, rather than merely identifying owners. Existing customer‑due‑diligence (CDD) programmes, built on binary verification, screening and...
PayPal Embeds Payment Links Into Canva Designs
PayPal has integrated its Payment Links service directly into Canva’s design platform, allowing creators to embed checkout buttons or QR codes within digital and printed assets. The feature lets users generate PayPal‑hosted payment pages, customize product details, and accept funds...
Cash Consultation Continues, Update on Further Supporting Information
The Reserve Bank of New Zealand has extended the deadline for its “Keeping Cash Local” consultation to 31 July 2026 after receiving more than 4,000 responses. Within two weeks the RBNZ will publish additional information on the legal basis of the proposal and...
Stablecoin Platform Confirmo Approved by Central Bank of Ireland
Confirmo, a stablecoin payment platform, received a full license from the Central Bank of Ireland, making it a regulated hub for its European operations. The Irish license, combined with its existing MiCA CASP authorization, grants Confirmo passporting rights across all...
How Huntington Modernized without Touching the Core Ft. Qolo
Huntington National Bank partnered with payments platform Qolo to launch a virtual‑account‑based product called Connected Deposits, layering modern functionality over its legacy core. The solution creates sub‑accounts that behave like real bank accounts—complete with routing numbers, inbound wires and automated...
For U.S. Bank, Embedded Finance Was Step One. The Self-Reinforcing Model Is Step Two.
U.S. Bank launched a generative AI assistant on its developer portal in early 2026 to accelerate API integration, then closed its purchase of Amazon’s small‑business credit‑card portfolio and extended home‑improvement loan terms. These actions illustrate a shift toward an embedded‑finance...
DFSA Announces Package of Regulatory Relief Measures for Firms
The Dubai Financial Services Authority (DFSA) unveiled a temporary regulatory relief package for firms operating in the Dubai International Financial Centre (DIFC). The measures grant flexibility in licensing, governance, reporting and implementation timelines to help both new applicants and existing...
ClearBank MiCA Approved, Plans Stablecoins, Deepens Relationship with Coinbase
Netherlands‑based ClearBank has secured approval from the Dutch Authority for the Financial Markets to operate as a Crypto Asset Service Provider under the EU’s MiCA regime. The bank announced plans to issue regulated stablecoins—EURC and USDC—to facilitate faster cross‑border payments....
The OCC Must Act Before Banks Lose Out on the Crypto Custody Market
The OCC must create a regulatory framework for on‑chain crypto custody and yield products before banks lose deposit customers to decentralized alternatives. On‑chain vault infrastructure can automatically deploy idle balances into market‑rate yields, eroding the traditional subsidy banks provide. Historical...
FCA Imposes Restrictions on Bazar Money Transfer Limited
On 21 November 2025 the FCA imposed restrictions on Bazar Money Transfer Limited, preventing it from providing regulated payment services. The firm failed to meet registration conditions as a small payment institution, prompting the regulator’s protective action. After BMTL’s representations,...
Risk Warning Review Plans Aim to Address 'Negative Framing' Of Investing
The UK government, under Chancellor Rachel Reeves, has commissioned a review of how risk warnings are presented to retail investors, citing concerns that the existing wording creates a negative framing effect that suppresses participation. The report aims to revamp disclosures...
BMO to Open Institute to Boost Quantum Computing and AI Capabilities
Bank of Montreal announced the launch of the BMO Institute for Applied Artificial Intelligence and Quantum, headed by former chief AI and data officer Kristin Milchanowski. The institute will fuse AI and quantum research, aiming to move quantum from experimental...
How Canadian Banks Are Able to Master the New AML Rules
Canada is overhauling its anti‑money‑laundering framework by launching the Canada Financial Crimes Agency and amending the PCMLTFA, widening the regulatory perimeter to include mortgage brokers and other non‑bank players. The upcoming real‑time payments infrastructure slated for 2026 will demand instant...