Fintech / Regtech

Fintech / Regtech

Swift Achieves FSB Speed Target for Cross Border Payments

By Editors | 23/08/2023

89% of transactions processed on the Swift network now reach recipient banks within one hour. The FSB target was 75% by 2027.

Fintech / Regtech

BCG Explores the Potential of Generative AI for Finance

By Mark Johnston | 22/08/2023

BCG says CFOs should embrace generative AI “immediately” and remove any obstacles to adoption in their departments.

Market Infrastructure

Indonesia, Singapore Start QR Payment Interconnection Trial

By Sanday Chongo Kabange | 21/08/2023

The QR payment linkage between Indonesia and Singapore is expected to officially launch within H2 2023 after the completion of the trials.

Fintech / Regtech

Cambodia, Laos Launch Cross-border QR Payment Link

By Editors | 21/08/2023

A second phase of the cross-border payments link between Cambodia and Laos is expected to launch in Q4 2023.

Crypto / Digital Assets

NZ Parliamentary Report Warns Against Overregulating Digital Assets

By Manesh Samtani | 21/08/2023

New Zealand does not need to urgently design and implement an integrated regulatory framework for digital assets at this time, the report says.

Capital / Liquidity

RBI Launches Digital Portal for Unclaimed Deposit Recovery

By Ranamita Chakraborty | 21/08/2023

Users can utilise the portal to locate their unclaimed deposits and subsequently choose to either claim the funds or reactivate their deposit accounts with their respective banks.

Fintech / Regtech

Bangladesh Bank Receives 52 Digital Bank Licence Applications

By Editors | 20/08/2023

The number of applications substantially exceeds projections by Bangladesh Bank, which initially intends to only grant two or three licences

Fintech / Regtech

BSP Unveils Timeline for New International Transaction Reporting System

By Editors | 18/08/2023

A soft launch of the new data collection system will be in January 2024. Full implementation is set for April 2024.

Fintech / Regtech

ASX Issues Response Plan to Ensure Delivery of CHESS Replacement

By Editors | 18/08/2023

ASX confirms its intention to have implemented all 45 recommendations from an external review by June 2024.