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Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.

Cybersecurity
BNM Consults on New National Strategy for Financial Literacy
By Nithya Subramanian | 17/02/2025
BNM said there have been improvements in financial behaviour and awareness, but consumers face new challenges in the digital era

Payments & Settlements
FMA Offers Regulatory Clarity for E-Money and Payments Firms
By Sanday Chongo Kabange | 14/02/2025
The FMA said there is “no specific licence” for e-money institutions or payments service providers in New Zealand but a range of regulatory obligations still apply.

Cloud & Infrastructure
NZ Inland Revenue Department Consults on Open Banking
By Sanday Chongo Kabange | 13/02/2025
New Zealand’s Inland Revenue Department is seeking information on open banking to develop a roadmap for potential use and adoption.

Trade Based Money Laundering
ABS Launches Automated Bill of Lading Verification for Banks
By Nithya Subramanian | 13/02/2025
The tool, developed through a collaboration between the ABS Trade Finance Registry and SGTraDex, will help banks better tackle trade finance fraud.

Payments & Settlements
MAS, ABS to Form New Entity to Govern Singapore Payments System
By Nithya Subramanian | 13/02/2025
Administration and governance of Singapore’s various payment schemes will be consolidated under a new entity.

Tokenisation
OECD Offers Recommendations to Boost Tokenisation in Markets
By Thisanka Siripala | 12/02/2025
New OECD report outlines factors hindering broader adoption of asset tokenisation and offers a series of recommended policy actions.

Payments & Settlements
India: SFBs Permitted to Link Pre-Approved Credit Lines to UPI
By Mark Johnston | 12/02/2025
Small finance banks now permitted to use pre-approved credit lines to fund UPI transactions, subject to customer consent.

Payments & Settlements
Australian Banks Agree to Pause Rural Branch Closures
By Sanday Chongo Kabange | 12/02/2025
Banks to pause rural branch closures until 2027 and also make their services available via Australia Post.

Payments & Settlements
HK Banks Execute First Repo Trades Using Mainland Bonds as Collateral
By Manesh Samtani | 11/02/2025
HSBC, BOCHK, StanChart and Hang Seng were among the first banks to execute offshore yuan repo transactions on Monday.

Sustainable Finance
CSRC to Develop Five Areas of Capital Market Activity
By Editors | 11/02/2025
New guidelines aim to promote investment in cutting-edge fields, and encourage more green products including futures and options.
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