Cloud & Infrastructure

Payments & Settlements

DBS, Tax Department Collaborate to Digitalise Payments

By Editors | 04/08/2020

IRAS now offers PayNow QR as a payment option for individual income tax, corporate income tax, property tax and goods and services tax.

Cloud & Infrastructure

Malaysia Launches New Initiative to Boost Fintech Development

By Editors | 04/08/2020

The Fintech Booster programme is expected to spur a more dynamic fintech ecosystem that can facilitate continued innovation in the financial services sector.

Cloud & Infrastructure

The Impact of Covid-19 on Fintech: Call for Response

By Editors | 04/08/2020

The Cambridge Centre for Alternative Finance, World Bank Group and World Economic Forum are calling for input on the impacts of Covid-19 on the fintech industry.

Payments & Settlements

HKMA, BIS Innovation Lab Seek Solutions in Trade Finance

By Editors | 03/08/2020

Private firms are invited to submit innovative solutions that can help enhance trade finance mechanisms, connectivity and infrastructure.

Payments & Settlements

Italian Banks Adopt Blockchain to Reconcile Interbank Transactions

By Editors | 31/07/2020

55 banks are using a blockchain platform to share interbank transfer data and reconcile transactions, an initiative made possible by a rule change last May.

Structural Regulation

Trade Bodies Jointly Commit to Tackling Market Inefficiencies

By Manesh Samtani | 30/07/2020

The inefficiencies result from a prevalence of customised, paper-based legal documentation, a lack of data standards, and inconsistent reporting requirements.

Payments & Settlements

WeLab Bank Announces Public Launch of Virtual Banking Services

By Editors | 30/07/2020

WeLab Bank was the only stand-alone company to win a virtual bank licence from the HKMA. It commenced pilot services in April.

KYC & CDD

HSBC Launches 24/7 Digital Account Opening in Malaysia

By Editors | 28/07/2020

The new account opening service is aimed at minimising physical contact in compliance with new social distancing norms due to the Covid-19 pandemic.

Cloud & Infrastructure

HKMA Asks Banks to Participate in KPMG Regtech Stocktake

By Editors | 27/07/2020

HKMA has appointed KPMG as an external consultant to conduct surveys and interviews with banks and technology firms on Regtech development in Hong Kong.