The five banks will collaborate with CanDeal Group to create a common data and regulatory experience for the industry.
The SME-focused Judo Bank is the only neobank in Australia which continues to run independently after listing on the ASX last year.
The TSE's prime, standard and growth market indices are being calculated every 15 seconds from 27 June instead of once a day.
Regulated entities don't require specific approvals to outsource IT services, but appropriate policies and a risk management framework must be in place.
The amendments seek to encourage innovation while also protecting fair competition in the market, incuding by raising penalties for monopolistic behaviour.
FIs in Hong Kong should review whether their commercial agreements contain requirements equivalent to the recommended model contractual clauses, say Albert Yuen and Eunice Lee.
Japan's METI has selected Soramitsu to conduct CBDC feasibility studies in other APAC countries, building on its work in Cambodia and Laos.
The plan, approved by President Xi Jinping, calls for the "complete inclusion" of payments and other financial activities within regulations.
Bulk LEI issuance by corporate registries would enhance the efficiency and reliability of data collection and reduce the per-company cost of applying for an LEI.
Users of the DBS mobile payment and wallet service known as PayLah! can scan UnionPay QR codes to pay in 45 countries.
Loading more posts...
Sorry, no more posts
No more pages to load