SWIFT says its new capability ensures payments will go through regardless of whether the parties have transacted with each other before.
Banks are encouraged to access credit data in the CCRA database via the CDI, to help them automate credit approvals and enhance efficiency.
Four of the five have now failed for a second time. Five other MySuper products that failed last year have now passed.
The utility will reduce manual steps, centralise processing, and facilitate reconciliation, thereby reducing settlement time and improving efficiency.
GXS Bank will launch a savings account product on 5 September, and expand into wealth and credit products over the coming months.
The NDRC is reverting to its pre-2015 approval-based system for companies looking to issue offshore debt with a maturity longer than one year.
Earlier reports suggest the audit could be related to Perth Mint's previous relationship with Euro Pacific Bank, which was forced to close in Puerto Rico earlier this year.
Fraudsters claiming to be financial advisors are soliciting deposits in unknown foreign banks by promising high deposit rates.
The FSS has launched an inspection of Morgan Stanley’s short-selling practices. Similar inspections at BAML and Goldman Sachs will come next.
Bank Indonesia also launched the "international QRIS", initially connecting to Thailand's payment system, and have a retail CBDC in the works.
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