Payments & Settlements

Cloud & Infrastructure

India’s Cabinet Approves Singapore MoU on Fintech Cooperation

By Editors | 25/10/2018

The MoU was signed in June to establish an India-Singapore joint working group aimed at strengthening fintech cooperation.

Trading & Investment

Bond Connect Credited for Rapid Growth of China ABS Market

By Manesh Samtani | 25/10/2018

China’s onshore ABS market has been growing rapidly since the launch of Bond Connect last year, according to panellists at IMN’s Asian Structured Credit Summit.

Payments & Settlements

Banks Team Up to Develop Digital Trade Finance Network

By Manesh Samtani | 23/10/2018

The ‘Trade Information Network’ is expected to be production-ready by Q3 2019, representing the “first inclusive global multi-bank, multi-corporate network in trade finance”.

Payments & Settlements

SWIFT gpi Instant Cross-Border Payments Trial Hailed a Success

By Manesh Samtani | 22/10/2018

All payments during the trial were processed end-to-end within 60 seconds, demonstrating the service’s capabilities to scale and integrate with other real-time payment systems.

Payments & Settlements

New Sandbox Allows Testing of Australia’s NPP via APIs

By Editors | 18/10/2018

SWIFT and NPP Australia have launched a new secure testing environment allowing fintechs to test the capabilities of Australia’s new payments system via APIs.

Clearing & Post-Trade

PBOC Launches Tri-party Repos in Interbank Bond Market

By Editors | 18/10/2018

Tri-party repos allow investors to entrust an agent to handle collateral, reducing settlement failure while ensuring effective coverage of risk exposure.

Payments & Settlements

RBI Issues Guidelines Enabling Interoperability Between Payment Systems

By Manesh Samtani | 17/10/2018

E-wallet providers can use the state-backed UPI network to make their wallets interoperable with other payment platforms, which will in time include banks and card networks.

Emerging Prudential Risks

E-wallet Operator Oversight to Benefit Singapore Financial Stability: Moody’s

By Manesh Samtani | 16/10/2018

Coming into force next year, the Payment Services Bill will require e-wallet operators to ring-fence wallet funds from lending activities, a move Moody’s says will benefit banks.

Cloud & Infrastructure

Singapore, Indonesia Agree to Cooperate on Fintech

By Editors | 15/10/2018

The MOU will facilitate information sharing, promote joint innovation projects and establish a framework to help fintech firms better understand each market.