All posts tagged "Stanchart"
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246Fintech / RegtechIndian Banks to Develop Blockchain System for LCs
The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.
June 22, 2021 -
582Market InfrastructureStanChart Permitted to Establish Digital Bank in Singapore
StanChart was named Singapore's first Significantly Rooted Foreign Bank in August. New privileges allow it to secure an additional full bank licence to establish a digital banking subsidiary.
December 15, 2020 -
1.1KAML / KYCUS Law Firms Look to Capitalise from FinCEN Files
US law firms are inviting investors to participate in class actions if they lost money in HSBC and StanChart stock following the release of the FinCEN Files.
September 30, 2020 -
1.0KEnforcementMAS Issues Prohibition Orders Against Two Former Bank Employees
A former Barclays was deceived the bank into paying $10mn from client accounts to settle his personal debts. A further $10mn in Barclays losses came from unauthorised trading.
May 9, 2020 -
827ChinaChina to Introduce New Rules for Online-only Banks – Report
The framework will enable foreign banks in China to set up separate digital banking platforms, while also covering existing online-only banks WeBank, MYbank and AiBank.
January 15, 2020 -
1.6KFintech / 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 -
1.8KAML / KYC
Whistleblowers Allege SCB Cleared $57bn in Iran Transactions
Whistleblowers reportedly claim that Standard Chartered Bank cleared more transactions in violation of Iran sanctions than the US government had used as its basis for fines issued in April.
July 22, 2019 -
2.2KFeatureMAS Issues Guidance on Responsible Use of AI, Data Analytics
MAS managing director Ravi Menon announced the release of the Fairness, Ethics, Accountability & Transparency, or FEAT, Principles at the Singapore Fintech Festival.
November 13, 2018 -
1.1KFintech / RegtechHKMA Launches Blockchain-based Trade Finance Platform ‘eTradeConnect’
Launched at Hong Kong Fintech Week, eTradeConnect improves trade efficiency by automating trade finance processes using blockchain technology.
November 1, 2018 -
754China
StanChart Becomes First Foreign Bank with Custody Licence in China
The CSRC has granted Standard Chartered Bank a domestic fund custody licence, which until now has been reserved for local institutions.
October 30, 2018
