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Fintech / Regtech
SWIFT Applies Data Intelligence to Remove Payment Friction
By Editors | 01/09/2022
SWIFT says its new capability ensures payments will go through regardless of whether the parties have transacted with each other before.
Fintech / Regtech
HKMA to Launch API Link from CCRA to CDI in Q4
By Manesh Samtani | 01/09/2022
Banks are encouraged to access credit data in the CCRA database via the CDI, to help them automate credit approvals and enhance efficiency.
Crypto / Digital Assets
Australia Launches Digital Finance Cooperative Research Centre
By Editors | 01/09/2022
Backed by industry, government and academia, the DFCRC will facilitate the development of the emerging digital finance sector.
Fintech / Regtech
Grab-Singtel Digital Bank Set to Launch First Financial Product
By Editors | 31/08/2022
GXS Bank will launch a savings account product on 5 September, and expand into wealth and credit products over the coming months.
Fintech / Regtech
US to Launch FedNow Instant Payments Platform in Mid 2023
By Editors | 31/08/2022
The technical testing phase of the new FedNow Service will kick off in mid-September. The service will be ready to launch between May and July of 2023.
Crypto / Digital Assets
MAS to Strengthen Retail Protections from Crypto Harms
By Manesh Samtani | 30/08/2022
MAS managing director Ravi Menon described an approach to digital assets that allows Singapore to be both stringent in its regulation and facilitative of innovation.
Crypto / Digital Assets
UnionBank Becomes First Philippine Bank to Enable Crypto Trading
By Editors | 30/08/2022
UnionBank has also been exploring other uses of blockchain technology, as it seeks to future-proof its business and expand its metaverse footprint.
Fintech / Regtech
Indonesia, Singapore Commence Work on QR Payment Link
By Manesh Samtani | 29/08/2022
Bank Indonesia also launched the “international QRIS”, initially connecting to Thailand’s payment system, and have a retail CBDC in the works.
Fintech / Regtech
FSC Korea Unveils Reforms to Promote Digital Financial Services
By Sanday Chongo Kabange | 29/08/2022
The FSC will increase opportunities for FIs and fintechs to offer services via integrated apps, while ensuring consumer protections are in place.
Big Picture
Addressing Fraud Risk Requires Multi-Pronged Approach – Report
By Editors | 29/08/2022
NICE Actimize and Regulation Asia have published a new white paper exploring the banking industry’s response to fraud and online scams in APAC.
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