The first section of this two-part commentary was published here.
BOJ-NET is a computerised system that enables online processing and electronic transfer of funds—deposits and withdrawals—and Japan Government Bonds (JGBs) between entities such as financial institutions with current accounts at the BOJ.
In November 2018, the Japanese Bankers Association and Zengin Net launched a new platform—the so-called “more time system.” This extends the operation hours of the Zengin System, the backbone of the nation’s bank payment infrastructure, extending the service hours of financial services related to fund transfers.
Along with my colleagues Mark Goodridge and Mulya Chandra from Morgan Stanley’s ASEAN equity research department, I have been writing about the potential disruption to ASEAN banks from new payments technologies for much of the last year.
Bitcoin (BTC) is a decentralised virtual cryptocurrency and digital commodity money, operating on a bi-directional flow where it can be traded for various fiat currencies like the Singapore Dollar, Japanese Yen, Euro, or US Dollar.
Fear of losing market share sparks constant vigilance among financial services firms, but lately attention has been shifting from traditional competitors to threats from an entirely new sector: social media.
As hordes of travelers descend upon Brazil to enjoy the once-in-a-lifetime festivities of the World Cup, many of them will be blissfully unaware that fraudsters are already putting into action new ways to steal their credit card details.
Those of us who closely follow developments in the banking industry would know that the Association of Banks Singapore mandated last year that banks must implement chip-based technology in ATM and debit Cards by 2014.