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It’s meant to further support its securities services operations in Busan.

About $8b were added in Q2.

Over 140 banks were awarded in this year’s programme.

Called Project Nexus, the blueprint outlines how countries can integrate their retail payment systems onto a single cross-border network.

Local financial firms are expected to remain resilient even should the economy slip into a recession again.

The number of HNWIs is expected to reach 3.9 million in 2021 or 60.6% of the population.

And PayPal to research US transactions that fund hate groups and extremists.

Banks have to remain consistent and continuous in testing best practices.

Shares were priced at the top end, at KRW39,000 ($34).

In January, 1.2 million transactions were carried out via the SGQR.

Its launch will require legal changes to the nation’s foreign exchange and IT rules.

But less than half of consumers are impressed with the digital financial services currently offered.

Treasury teams can mobilize liquidity and fund intraday payments in real-time.

Customers have the option to pay their tax balances in full or partially.

About 750 new accounts have been opened in four APAC markets through the new portal.

UnionDigital will be a wholly-owned subsidiary of the Philippine lender.