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Transactions below $70 (IDR1m) do not require customers to enter a pin.

A source said that BNP Paribas will hold a majority stake in the planned venture.

The BIS Innovation Hub’s Singapore centre will lead the project.

Federal treasurer Josh Frydenberg has written to regulators to allow businesses to choose cheaper domestic systems.

Vivienne Chia will bring with her over 20 years of experience.

It can grant as high as a $5,000 credit line to customers.

Alex will be based in Singapore.

The firm plans to expand mobile remittance technology in the country.

BOC’s non-performing asset ratio is expected to steadily decline in the next 24 months.

SmartStream’s Robin Hasson and Andy Burner, together with Standard Chartered’s Vikram Gupta discussed their thoughts on the increased demand and dependability on artificial intelligence and machine learning, as well as the opportunities and threats that come with its adoption. 

The PBOC has injected a net CN¥120b into the system for this week.

This reflects an almost four-fold increase from the same period last year.

Several factors will help Indian banks mitigate their risks.

The merger was approved by the Bank of Mongolia last July.

SAP tells Asian Banking and Finance how to manage climate risks in the financial industry.

Two mergers were announced in August alone, and as regulatory costs remain high, more might seek to consolidate.