News

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.

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.

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.