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Payments & Settlements
Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
Tokenisation
HKMA Launches New Sandbox for Tokenised Asset Transactions
By Sanday Chongo Kabange | 29/08/2024
The Project Ensemble Sandbox will facilitate interbank settlement using tokenised money for transactions involving tokenised assets.
AI Risk & Governance
RBI Developing New Unified Platform to Facilitate Lending
By Ajoy K Das | 28/08/2024
The so-called “Unified Lending Interface” will provide lenders digital access to customer data from land records and other sources.
Payments & Settlements
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.
Payments & Settlements
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.
Structural Regulation
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.
Payments & Settlements
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.
DeFi & Web3
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.
PEPs & Sanctions
Most Kyrgyz Banks Have Suspended Money Transfers to Russia
By Editors | 25/08/2024
13 of 16 Kyrgyz banks have halted transfers to Russian lenders via their mobile apps. The central bank said this is to “prevent the negative impact of international sanctions”.
Payments & Settlements
China, Vietnam Sign MOU on Cross Border Payment Connectivity
By Editors | 22/08/2024
The PBOC and SBV signed an MOU focusing on local currency settlement, currency swaps, and cross-border payment connectivity.
Structural Regulation
NZ Government Releases Final Report on Banking Competition
By Ranamita Chakraborty | 22/08/2024
The government said it will act on all 14 recommendations in the report, including measures to speed up open banking implementation.
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