Banks would be required to offer instant payments at the same cost as other credit transfers. Instant euro payments may later be expanded internationally.
Climate Action Data Trust, or CAD Trust, will link, aggregate and harmonise all major carbon market registry data, and help with reporting under Article 6 of the Paris Agreement.
The guide describes a solution to automating product due diligence and a governance tool for improving oversight of the sales advisory process.
The consultation focuses on Big Tech firms’ entry and expansion into four retail sectors - payments, deposit taking, consumer credit and insurance.
Accenture's Irene Liu and team discuss the use of NLP technology within compliance functions, as well as the adoption challenges and how to address them.
Retail investors won't be allowed leverage and will have to undergo a knowledge test. Stablecoin issuers will have strict rules on reserve assets and a S$1bn capital requirement.
The mBridge project team will continue working to get to a minimum viable product that can be used by early adopters next year.
GIFT City and the Fintech Association of Japan plan to launch a fintech accelerator and other entrepreneurial programmes.
JBC, IDEMIA and Soft Space plan to develop a CBDC payment solution and conduct a pilot test with Tokyo merchants.
BNPL customers will not be allowed to accumulate more than SGD 2,000 in outstanding payments at any given time.
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