UOB has partnered the Infocomm Media Development Authority (IMDA) on its digital trade financing pilot using electronic bills of lading for the digitalisation of Singapore-China cross-border trade flows on the TradeTrust digital utility . The…
Read More1 October 2021 – Sales volumes of non-fungible tokens (NFTs) surged to $10.7 billion in the third quarter of 2021, up more than eightfold from the previous quarter, and an increase of 38,060% y-o-y, according…
Read More4 October 2021 – Qatar National Bank (QNB) unveiled its global strategy for cross-border payments with the launch of a remittance services in collaboration with the blockchain solutions company Ripple. According to the agreement, QNB…
Read More5 October 2021 – Bank DBS Indonesia and Kredivo announced a joint financing of up to INR 1 trillion ($70 million) to be channelled to customers of Kredivo, a digital credit platform for retail borrowers…
Read More5 October 2021 – The Hong Kong Monetary Authority (HKMA) issued a 50-page white paper called “e-HKD: A technical perspective” with the idea of exploring potential architecture and design options for the digital currency. It…
Read MoreNew Delhi, October 14, 2021 – Pine Labs, a leading merchant commerce platform, today launched Plural, marking its entry into the online payments space. Backed by its years of strong technological capabilities, the company now aims…
Read MoreSingapore, 14 October 2021 – SWIFT today announces that 100 banks around the world have signed up for SWIFT Go since it went live in July, underscoring strong demand for the service that enables small businesses…
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Fraud continues to be a key concern of financial institutions (FIs). The increasing cases of fraud underscore the need to focus on processes and technologies offering mitigation and prevention, as well as the priorities stressed…
Read More6 October 2021 – Tech giant IBM is teaming up with fintech start-up MonetaGo to address trade finance fraud, with an initial focus on Southeast Asia. As a part of the arrangement with IBM, MonetaGo…
Read MoreUOB has today launched U-Energy, the first integrated financing platform in Asia, to drive the development and adoption of energy efficiency projects for buildings and homes across four markets, starting in Singapore, followed by Malaysia,…
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