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Asian Banks Outline Blockchain Use Cases
By LTP Financial institutions are eager to identify the commercial opportunity that blockchain technology can offer their business and ways it can help reduce costs, improve reporting, reduce fraud and...
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China’s cloud industry moving to new era with emergence of unicorns
By Anna Lee for Technode Just a few years ago, billion-level funding would be beyond the imagination of Chinese cloud computing companies. But now it is becoming more and more tangible as the market...
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PSD2 and Instant Payments to drive a 37% decline in online card volumes
A new study from Ovum, has attempted for the first time to quantify the detrimental effect Instant Payments and PSD2 will have on traditional credit and debit card payments. Instant Payments, PSD2,...
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Cambodia, Soramitsu Planning Distributed Ledger System
Soramitsu Co., the Japanese Blockchain identity company, has indicated that they are partnering with the National Bank of Cambodia to test distributed ledger technology in creating new and innovative...
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Deutsche Börse Launches Fintech Hub
Deutsche Börse‘s Venture Network is seeking to help German startups by making the financing stage easier for both founders and investors. Their focus is on companies in the pre-IPO phase. This allows...
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UK Finance opens for business
UK Finance, a new mega-trade body representing over 300 firms in the UK, opens for business today, taking on the activities previously carried out by the Asset Based Finance Association, the British...
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How Switzerland Reinvented Itself As Cryptocurrency Haven
Switzerland is enticing financial technology companies and startups to its already booming Crypto Valley by stripping down its regulations for services surrounding digital currencies and other...
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PSD2: demystifying the beast
By Sundeep Tengur – SAS Institute The revised EU Payment Services Directive (PSD2) has been a focal point for the financial services industry over the last couple of years and its adoption is set to...
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Report: Peoples Bank of China Expected to Regulate P2P Lenders, Payment Firms
The People’s Bank of China (PBOC) is expected to strengthen the regulation of internet finance firms including peer to peer lenders and payment platforms. The report by China News references a...
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MAS warns consumers to exercise caution over digital token schemes
By Monetary Authority of Singapore The Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) have observed the emergence of initial coin (or token) offerings (ICOs), and...
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Singapore to develop common QR code for payments
Singapore is planning to develop a common QR code that will facilitate payments among different schemes, e-wallets and banks. The country’s new Payments Council has set up an industry task force made...
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Brief: Singapore lags behind in online payments
The news (extracted from Today): Ninety percent of Singaporeans surveyed by online payments giant PayPal say they prefer to use cash as their primary mode of payment, with only a small percentage using...
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PSD2 & Open Banking: The perfect marriage of technology and regulation
By Maikki Frisk for Finextra There’s no doubt that PSD2 is a big deal, but when considered alongside the terrific advances being made in open banking, Maikki Frisk, Executive Director, Mobey Forum,...
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India Keeps Quiet on ICOs So Far, Focuses on Cryptocurrency Misuse
India has not yet responded to China’s sudden ICO ban, with lawmakers continuing to focus on “misuse” of cryptocurrencies in general. As part of an ongoing examination of cryptocurrency regulation, the...
View ArticleEstonia Can’t Make Its Own Digital Currency
The news that Estonia was considering its own digital currency has reached the ears of Mario Draghi, the president of the ECB. Draghi was quick to point out that a state currency does not work within...
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Dubai and Malaysia ink fintech cooperation agreement
The Dubai Financial Services Authority (DFSA) and Securities Commission Malaysia (SC) last week entered into an agreement to cooperate in the development of financial technology (FinTech) innovation....
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Monetary Authority of Singapore sets up international advisory panel for...
By MAS The Monetary Authority of Singapore (MAS) announced today that it has established a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world. The...
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Berlin Group launches Public Market Consultation on NextGenPSD2 Standard
On 2 October 2017, The Berlin Group will launch a 6-weeks public market consultation on its NextGenPSD2 Access to Accounts (XS2A) Standard that enables Third Party Providers (TPPs) to access bank...
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Malaysian Central Bank Close to Deciding On Digital Currency Regulations
By Lisa Froelings The Malaysian central bank, Bank Negara Malaysia, has yet to make a decision on how to effectively regulate the use of digital currencies in the country, according to local reports....
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Monetary Authority of Singapore: DLT is a Natural Platform for Collaboration
Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), spoke about the intrinsic potential of Blockchain or Distributed Ledger Technology (DLT) at the Global Blockchain Business...
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