Fintech / Regtech

Fintech / Regtech

CBA, BNY Enable Real-Time Cross-Border Payments

By Sanday Chongo Kabange | 27/08/2024

The new arrangement enables the AUD leg of inbound cross-border payments to be processed in under a minute.

Fintech / Regtech

HKMA Announces New Data Linkage to Boost SME Finance

By Sanday Chongo Kabange | 27/08/2024

Banks can access information on SMEs from Hong Kong’s Companies Registry via HKMA’s CDI platform.

Fintech / Regtech

Cambodia Launches Bakong App for International Travellers

By Nithya Subramanian | 27/08/2024

The Bakong Tourists App is expected to help promote tourism while also encouraging greater use of the local currency.

Fintech / Regtech

Five Groups Seeking Virtual Bank Licence in Thailand – Reports

By Editors | 27/08/2024

The applicants reportedly include a joint venture between Siam Commercial Bank, China’s WeBank and Korea’s KakaoBank.

AML / KYC

Taiwan Banks to Allow Companies to Open Accounts Digitally

By Editors | 26/08/2024

The FSC said banks should allow “all types” of non-individual clients to open digital deposit accounts, provided appropriate verification, controls and monitoring are in place.

Fintech / Regtech

Switzerland Introduces Instant Payments for Major Banks

By Ranamita Chakraborty | 26/08/2024

The SNB and SIX said instant payments will likely form the basis for further innovation in payment transactions moving forward.

Fintech / Regtech

OJK Indonesia Launches Digital Resilience Guide for Banks

By Nithya Subramanian | 26/08/2024

The guide addresses key aspects of business continuity, disruption management, and consumer protection in the evolving digital landscape.

Enforcement

BNM Fines Bank of China’s Malaysia Unit for Outsourcing Violations

By Nithya Subramanian | 26/08/2024

BNM said the bank did not obtain prior approval before relocating core banking systems to new data centres.

Crypto / Digital Assets

DBS Concludes Blockchain Pilot to Streamline Grant Disbursements

By Ranamita Chakraborty | 25/08/2024

The programmable grant disbursement pilot used smart contracts to automate and streamline grant disbursements by Enterprise Singapore.