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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.
Market Abuse
FMSB Publishes Spotlight Review on Market Surveillance
By Sanday Chongo Kabange | 04/08/2020
The Spotlight Review looks at current and future challenges that FICC market participants face in market surveillance and the impact of machine learning.
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.
PEPs & Sanctions
EU Imposes First Sanctions Against Cyber Attackers
By Editors | 03/08/2020
Measures will be taken against six individuals and three entities, including travel bans, asset freezes, and a prohibition on obtaining funding from the EU.
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.
Conduct, Culture & Accountability
BSP Pilot Tests New Chatbot for Consumer Complaints
By Editors | 31/07/2020
The chatbot can handle queries and complaints from consumers sent through chat via the BSP website, SMS, or Facebook messenger.
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.
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