The COVID-19 pandemic is the first major test of the global financial system since the G20 reforms were put in place following the financial crisis of 2008. While significantly different in nature from the 2008…
Read More“In the future, national arrangements could become interoperable by means of multiple CBDC (mCBDC) arrangements between central banks. These would mitigate cross-border and cross- currency risks and frictions, while reinforcing the role of central bank…
Read MoreHong Kong, July 12, 2021 — Korea’s incumbent banks face mounting competition as virtual bank KakaoBank Corp. (Kakao Bank) ventures into multiple loan segments, says Moody’s Investors Service in a new report. Launched in 2017…
Read MoreHONG KONG, July 5, 2021 — BNY Mellon has appointed Gabriel Cheung as Director of Asset Servicing and Digital for Asia Pacific, and Head of Trustee in Hong Kong, with immediate effect. Based in Hong Kong, Gabriel…
Read MoreJakarta, 5 July, 2021 — PT Visionet Internasional (OVO), Indonesia’s leading e-wallet, has launched its first shariah mutual fund product, which comes with one of the lowest buy-In for a product of its kind (less than…
Read MoreBrussels, 8 July 2021 – SWIFT today announced the go-live of a service that will enable banks to verify payee account details before an international payment is sent, removing a key point of friction in…
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, , By Wendy Weng In June 2021, Chinese ride hailing giant Didi and digital freight platform Full Truck Alliance made their debuts in the US amid the volatile initial public offering (IPO) environment. Didi’s…
Read MoreWhile the experiment was limited to two central banks, the design of the m-CBDC network enables it to be scaled up to support the participation of multiple centrals banks and commercial banks located in different…
Read MoreSingapore – July 7, 2021 – Real-time payments are now as popular as cash as a payment method for consumers in Southeast Asia, according to new research from ACI Worldwide (NASDAQ: ACIW) and YouGov.…
Read More06 JULY 2021 – Barclays Private Bank has appointed Evonne Tan as Head of Barclays Private Bank, Singapore. In her new role, Evonne will focus on building on the collaboration between the Private Bank and Barclays…
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