All posts tagged "Payments"
-
261AML / KYCJapan Banks to Join JPM Blockchain Initative to Boost AML Measures
Japanese banks are looking to use JP Morgan's Interbank Information Network to bolster AML measures because it makes screening of cash recipients faster and more efficient.
December 11, 2019 -
200AML / KYCRBA Underlines High Cost of Cross-Border Transfers via Big Banks
The average mark-up over the wholesale exchange rate is around 5.5% for the major banks, versus about 1% for the digital money transfer services, said RBA governor Philip Lowe.
December 11, 2019 -
141IndiaRBI to Make NEFT System Available 24×7
From 16 December, the NEFT system will be available on a 24/7 basis, including on holidays with batch settlement every half hour.
December 11, 2019 -
234Fintech / RegtechJapan Probes Barriers Preventing Fintechs Access to Zengin System
Japan's antitrust agency is looking into how banks decide fees for using the national interbank funds transfer system and whether they present an entry barrier for fintechs.
December 9, 2019 -
476Contributed ArticleReducing Settlement Cycles – An Asia Pacific Perspective
Should the decision be taken to further reduce the settlement period, a number of challenges will have to be overcome, says Senfinasia founder Philippe Dirckx.
December 9, 2019 -
2.0KAsia-PacificVideo: Digital Payments in Asia: A SmartStream Perspective
Regulation Asia spoke to Haytham Kaddoura and Mark Taylor at SmartStream Technologies to understand the latest developments in digital payments and how firms can stay ahead.
December 5, 2019 -
670AML / KYCCiti Sent 99pc of Westpac Transfers That Breached AUSTRAC Requirements
Citi is not under investigation, though AUSTRAC has criticised the bank for not providing sufficient information about the payments and the source of funds.
December 4, 2019 -
946Fintech / RegtechSouth Korea to Formally Launch Open Banking System This Month
October’s 10-bank pilot attracted over 5.5 million bank accounts with the open banking service now expanded to include eight additional banks and fintech firms.
December 2, 2019 -
277AML / KYC
UPDATED – Westpac Announces Plan to Address AML/CTF Failings
Westpac is determined to urgently fix the issues raised by AUSTRAC and lift its standards. ASIC and APRA have begun investigations into the bank.
November 26, 2019 -
606Fintech / RegtechBCBS Examines Evolution, Risks of Open Banking
While open banking has the potential to transform banking services and bank business models, greater attention must be paid to the risks that come with increased data sharing.
November 20, 2019
