All posts tagged "Stanchart"
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904EnforcementMAS 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 -
608ChinaChina 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 -
1.5KFintech / 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 -
1.3KAML / KYCWhistleblowers 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 -
1.9KFeatureMAS 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 -
997Fintech / 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 -
663China
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 -
547ChinaPBOC Trials Blockchain-based Trade Finance in Shenzhen
Testing phase of new platform deployed at financial institutions including BOC, CCB, CMB, Ping An and StanChart, in a bid to boost efficiency of trade and financing activities.
September 6, 2018 -
2.0KFintech / RegtechHKMA Receives 29 Bids for First Round of Virtual Bank Licences
Standard Chartered, WeLab, Zhong An Bank and HKT among several banking, technology and telecom firms applying for virtual banking licenses.
September 3, 2018 -
814InternationalSWIFT Pilots Enhanced Multi-Bank Cross Border Payment Standard
Pilot participants of SWIFT enhanced gpi standard include 10 multinational corporates and 12 banks; new standard to enable multinational firms to initiate and track gpi payments to and from banks in a single format and integrate payment flows with internal...
July 29, 2018
