CU News From Around the Planet
BERN, Switzerland—The Swiss National Bank – together with five Swiss and one German commercial bank – have started a pilot project with a central bank digital currency for financial institutions on the regulated platform of SIX Digital Exchange (SDX).
\DUBLIN, Ireland–Homebuyers in Ireland have started to turn to the country’s credit unions in a big way.
LUBLIN, Poland–The Via Stella Foundation and Poland’s credit unions continue to provide support and much-needed ambulances to the people of Ukraine.
CHERNIVTSI, Ukraine—The Worldwide Foundation for Credit Unions’ (WFCU) $500,000 Resilience Initiative is reporting it allowed Ukrainian credit unions that partner with the USAID/World Council of Credit Unions’ Credit for Agriculture Producers (CAP) Project to disburse loans to 100 business owners seeking to restore or grow their operations amid Russia’s ongoing invasion.
SOPOT, Poland– The Via Stella Foundation, the joint initiative between credit unions in the United States and Poland to raise funds and provide assistance to Ukrainian refugees and Ukraine’s credit unions, has made another donation.
LONDON—The Future of Payments Review has published a report that calls on the U.K. government to implement a national payments vision and strategy, with the aim of simplifying the landscape over time.
DUBLIN, Ireland—Three quarters of financial services firms in Ireland conduct anti-money laundering (AML) risk assessments entirely manually, while three in five firms outsource some or all of these activities to lower cost locations such as India or South America, according to a new report.
LONDON—The U.K. should use open banking to provide retailers with an alternative to card payments and to improve "clunky" P2P bank transfers, according to a new government-commissioned review.
OTTOWA, Canada—Criminals will continue to favor the use of cryptocurrency to conceal their assets from conventional banking systems, according to the Financial Transactions and Reports Analysis Centre of Canada (Fintrac).
KYIV, Ukraine—The Worldwide Foundation for Credit Unions, in partnership with the USAID/World Council of Credit Unions’ Credit for Agriculture Producers Project (CAP) have launched a $200,000 digitalization program to help Ukrainian credit unions upgrade core banking systems and modernize services in an effort to improve member experience.
