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WeLab acquires Bank Jasa Jakarta in Indonesia with plans to launch second digital bank in Asia, after successful launch in Hong Kong

Hong Kong – 7 December 2021 – WeLab, a leading pan-Asian fintech platform, today announced the acquisition of PT Bank Jasa Jakarta (BJJ), a commercial bank in Indonesia, with plans to launch its second digital…

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BIS, Bank of France and Swiss National Bank conclude successful cross-border wholesale CBDC experiment

Project Jura explored settlement of tokenised euro commercial paper and foreign exchange transactions. Tests were conducted in a near real-life setting and met current regulatory requirements.  Jura studied a new approach for central…

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Correspondent banking trends persisted in 2020, even as payment landscape changed, new data show

Correspondent banking trends continued in 2020, with the volume and value of transactions increasing despite the changing payments landscape during the pandemic, according to new data published today by the Committee on Payments and Market Infrastructures (CPMI).…

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FSB illustrates practical approaches to the execution of bail-in

The Financial Stability Board (FSB) today published a Practices Paper on the Execution of Bail-in. Bail-in is at the core of resolution strategies for global systemically important banks (G-SIBs). Set out in the Key Attributes of Effective…

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TMRW by UOB launches TMRW Pay, an e-commerce loan to help consumers in Indonesia manage budgeting needs

TMRW by UOB today announced the launch of TMRW Pay, an e-commerce loan that enables consumers in Indonesia to manage their budgeting needs conveniently.  TMRW Pay offers consumers in Indonesia the choice of deferred payment…

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SWIFT delivers major milestones in strategy for instant and frictionless transactions, and sets the stage for global adoption in 2022

Singapore, 15 December 2021 – A year after sharing a bold vision to enable instant and frictionless transactions from one account to another anywhere in the world, SWIFT today underlines major progress in realising this vision…

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SEBA bank launches landmark first regulated gold token to enable digital ownership of physical gold

Gold Token offers investors a regulated digital token for investment in and delivery of physical gold Physical gold ready for any time on-demand delivery from partner refineries, avoiding costly fees The SEBA Bank…

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BIS CPMI report highlights rapid development of retail fast payments and implications for real-time gross settlement systems

New BIS CPMI report reviews recent developments in retail fast payment systems (FPS) based on a survey of BIS CPMI member jurisdictions. FPS can have significant implications for the operations and services of real-time gross…

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BIBD registers stable profit growth and strong liquidity to emerge as Strongest Bank and Strongest Islamic Bank in Brunei in 2021

Back Published on December 09, 2021 107 Views Print BIBD registers stable profit growth and strong liquidity to emerge as Strongest Bank and Strongest Islamic Bank in Brunei in 2021 5 min read BIBD remains…

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With a high return-on-assets of 1.8% and a low cost-to-income ratio of 31.7% Canadia Bank is the Strongest Bank in Cambodia in 2021

Back Published on December 06, 2021 178 Views Print With a high return-on-assets of 1.8% and a low cost-to-income ratio of 31.7% Canadia Bank is the Strongest Bank in Cambodia in 2021 5 min read…

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