Market Infrastructure

Big Picture

MAS Takes Stock of FX Global Code, One Year Since Launch

By Garima Chitkara | 30/08/2018

MAS deputy managing director Jacqueline Loh spoke about the steps taken in adopting and embedding the FX Global Code in the industry and key priorities for the coming year.

Fintech / Regtech

Xiaomi Seeks Entry to India Payments Market

By Editors | 30/08/2018

The Chinese smartphone maker is conducting tests for its upcoming payments service in India, which is set to be powered by the UPI, if approval is granted by the RBI.

Market Infrastructure

Philippines Passes Bill Appointing Central Bank As Payments Regulator

By Garima Chitkara | 30/08/2018

BSP appointed as payments regulator in the Philippines to ensure safe and efficient functioning of the country’s payments system, promote interoperability among payment networks and incorporate digital payments.

Market Infrastructure

BSP Unveils First Financial Stability Report

By Garima Chitkara | 30/08/2018

Inaugural financial stability report focuses on impact of higher interest rates and weakening EM currencies on outstanding debt. It also looks at potential financial stability implications from fintech and ASEAN integration.

Market Infrastructure

Aussie Banks Move to Reform Mortgage Broking Sector

By Manesh Samtani | 30/08/2018

Volumed-based bonus payments for mortgage brokers and other incentives to be abolished; new industry code of conduct prioritising customers’ interests expected by year-end.

Fintech / Regtech

Banking on the Cloud is Vital – Report

By Manesh Samtani | 29/08/2018

In a new report, Quinlan & Associates suggests successful adoption and effective utilisation of cloud technology can help banks achieve a 1-2 percent revenue boost and a 2 percent reduction in overall costs.

Fintech / Regtech

SWIFT Trials Instant Cross-Border Payments Service in Asia Pacific

By Garima Chitkara | 27/08/2018

SWIFT is set to trial its gpi payments service using Australia’s New Payments Platform, together with banks from China, Singapore and Thailand.

Market Infrastructure

China Scraps Foreign Ownership Limits in Domestic Banks, Asset Managers

By Editors | 27/08/2018

Banking regulator says foreign firms will now be treated as local institutions in terms of market access and administrative licensing.

Market Infrastructure

Major Banks Slow to Adopt New Payments Platform – RBA

By Garima Chitkara | 24/08/2018

RBA governor says major banks are slow to adopt NPP, Australia’s new real-time settlement system; however, banks have begun to speed up the uptake process, the assistant governor said.