All posts tagged "Payments"
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534AML / KYCFATF Encourages Technology Use to Address Covid-19 Challenges
Criminals and terrorists may seek to exploit gaps and weaknesses in national AML/CFT systems, under the assumption that resources are focused elsewhere, the FATF says.
April 2, 2020 -
321FeatureBursa Malaysia Implements ISO 20022 for Corporate Announcements
The messaging standard will transform the corporate announcements flow in Malaysia, favour interoperability with other marketplaces, and foster innovation.
April 1, 2020 -
1.1KAustralia & NZSingapore, Australia Agree to Promote Data Connectivity, Digital Economy
Singapore and Australia have committed to allowing financial institutions to choose where their data is stored and prohibiting data localisation, among a raft of other agreements.
March 23, 2020 -
201AML / KYCRBI Brings Payment Aggregators Under Regulatory Remit
The capital requirement for payment aggregators has been reduced to 150mn rupees, down from 1bn rupees proposed in September.
March 19, 2020 -
296Big PictureMajor Banks’ Fee-based Revenue at Risk – Study
Increased regulatory pressure and growing competition from new players could cost incumbent banks 5% of their revenue over the next 3-5 years, says a new report from Accenture.
March 11, 2020 -
194Hong KongHKMA Invites Tenders to Enhance Payments, Securities Infrastructures
The HKMA is inviting tenders to provide consultancy services to help enhance its core financial market infrastructures, particularly in the areas of payments and securities.
March 9, 2020 -
315InternationalSWIFT Reports Near Doubling of Year-on-year gpi Traffic
Nearly two-thirds of all payments traffic on SWIFT is now sent via gpi, with the majority of transactions credited to end beneficiaries within 30 minutes or less.
March 3, 2020 -
443InternationalCross-border Payments Front and Center in BIS Quarterly Review
The BIS is exploring how to solve key shortcomings related to access and cross-border payments, including to address the global decline in correspondent banking.
March 3, 2020 -
1.5KAML / KYCMeeting New Compliance Challenges Through Digital Identity
Digital identity systems could form a significant component of the compliance infrastructures at the new digital banks in the years to come, says Refinitiv’s Phillip Malcolm.
February 27, 2020 -
1.4KAsia-PacificThailand, Cambodia Launch Cross-Border QR Payments
New payments connectivity between the two countries is expected to promote trade, tourism, financial inclusion, and the usage of local currencies in cross-border transactions.
February 20, 2020
