Digital renminbi
IATA to offer digital currencies in its financial settlement systems
IATA to offer digital currencies in its financial settlement systems
It will being offering the digital renminbi in the China Billing and Settlement Plan.
Wider adoption of e-CNY poses risks to China’s banking system: Moody’s
Digital renminbi will test banks’ ability to address risks.
Chinese banks’ posed for e-payment scene comeback with digital renminbi’s launch
The e-CNY will support growth of banks’ e-payment customer base and improve overall financial stability.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. Singapore in talks with banks to enhance financing schemes for businesses 3. GXS Bank names Pei-Si Lai as group CEO 4. Banks feel pressure from private credit 5. SMBC names Luis Pereira as co-regional CIO for APACResource Center
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Banks feel pressure from private credit
Nonbank lenders are now providing capital even to low-risk corporate clients.
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