News
Fintechs drive instant, low-cost cross-border payment solutions
Fintechs drive instant, low-cost cross-border payment solutions
Direct access to local payment schemes expected in 2025.
Insurance companies in Asia face fast-paced regulatory changes
It challenges insurance companies' operations.
APAC mobile wallet adoption driven by e-commerce growth
Immediate payment systems fuel continued expansion of mobile wallet usage.
PH cybercrime body, JuanHand ink MOA on combat fintech lending cybercrime
They will develop a data and information sharing mechanism.
BIS, central banks embed regulatory compliance in cross-border payments
Project Mandala has now reached proof of concept stage.
BEA launches stock trading platform BEA SmarTrade
It has watchlist and stock portfolio features, and gives real-time market quotes.
Hong Kong tells financial firms to adopt “risk-based” approach to AI adoption
The government will adopt a dual-track approach that considers risk.
Bank of Singapore unveils alternative investment digital platform for independete asset managers
Close to 30 funds will be made available in FIM Alternatives Select.
ZA Bank commences pilot for virtual asset trading service
Three in four Hong Kong investors are interested in investing in cryptocurrency.
Philippine banks to tighten lending standards in Q4: survey
Banks cite a deterioration in borrowers’ profiles and their profitability.
Malaysia fines money changer for customer due diligence lapses
BSB Darussalam has paid the $7,000 penalty.
Hong Kong names 11 banks as primary liquidity providers for offshore RMB
Hong Kong has also expanded the RMB repo facility to over US$2.8b.
Citi launches Citi Digital Bill to speed up monetization of receivables
CDB enables parties to sign, accept, endorse, and finance a digital bill.
Immediate settlements drive e-commerce scalability worldwide
Most countries are looking at implementing real time payment clearing systems.
Correspondent banks raise costs in cross-border payments
Inefficiencies in cost, speed, and data standards hinder global payment processes.
Merchants demand quicker access to payments in APAC
Real-time payments and mobile wallets drive faster transaction processing for businesses and consumers.
Insurance firms prioritise speed in reconciliation processes
Speed and cost efficiency drive adoption of reconciliation solutions.
Commentary
Electronic trading proves its strength in times of volatility