Tokyo Kiraboshi FG, Minna Bank and Shikoku Bank will issue a stablecoin using a system developed by Web3 infrastructure company GU Technologies.
March 6, 2023Lawmakers are concerned that the growth of the BNPL sector could lead to a crisis similar to the 2005/2006 credit card crisis in Taiwan.
January 8, 2023The fine is the highest ever imposed against a bank by the FSC for IT-related issues. The bank's president will also have his salary cut for three months.
January 6, 2023ASIC alleges that American Express Australia breached its design and distribution obligations in relation to two credit cards it issued and co-branded with retailer David Jones.
December 7, 2022JBC, IDEMIA and Soft Space plan to develop a CBDC payment solution and conduct a pilot test with Tokyo merchants.
October 27, 2022Medibank does not have cyber insurance, and is expected to face investor class actions, on top of lawsuits from angry customers and likely fines.
October 27, 2022The three initiatives have the potential to revolutionise the digital payments ecosystem, said NPCI.
September 24, 2022The iPay88 breach will be raised in a Cabinet meeting to discuss a proposal to establish a Royal Commission of Inquiry to investigate the incident.
August 15, 2022This is the second tranche of changes to the CCCFA regulations, which have been criticised for making it too difficult for borrowers to obtain loans.
August 9, 2022New rules from the CBIRC and PBOC strengthen the obligations of banks in their card issuance, marketing, and fraud monitoring activities.
July 9, 2022