News

Philippine banking assoc unveil new interest rate swap market

The central bank expects PESO IRS to boost transactions.

FSA targets stablecoin regulation to bolster digital assets

Japan advances stablecoin regulation and AML efforts to support digital payments.

India’s central bank warns against deepfake videos involving governor

The videos claim that its governor supports investment schemes.

Fragmented systems hinder tech adoption in wealth management

Outdated technology limits wealth managers' services.

Japan Post Bank posts $1.44b net income for H1 FY2025/3

This is 22.3% higher than the H1 period in FY2024/3.

Stablecoin regulation likely to improve after US elections

Stablecoin adoption grows with enhanced tech and regulations.  

SMFG reports $4.86b profit for H1 FY2024

Earnings per share (diluted) is JPY184.72 for the period.

Tokenisation enhances security by limiting credit card use

Cloud-based payments optimise resources during peak demand.

Cross-Border transactions complicate AML compliance for businesses

AI tools used to streamline AML processes and reduce false positives.  

AI drives 1500% growth in deepfake fraud across APAC

Sumsub integrates AI tools to combat deepfake threats and fraud networks. 

Fraudsters use digital injections to bypass camera verifications

Deepfake software could create loopholes in identity systems.

SGQR+ simplifies payments with unified contract for merchants

It streamlines payment processes and improves reconciliation.

Hong Leong Bank blends digital innovation with human touch

Digital-first transformation used to meet modern customer demands.  

Australia targets scams lifecycle with new prevention framework

The framework imposes obligations across digital platforms, banks, and telecoms.