Back Published on 27 February 2023 151 Views Print Print Leave Your Comments , , 5 min read By Foo Boon Ping BIS Innovation Hub in its report, Project mBridge: Connecting economies through CBDC, has…
Read MoreWhy you should adopt it now for cross-border payments Starting in March 2023, the way the Swift community exchanges payments messages will be transformed with ISO 20022. This will unlock huge opportunities for financial institutions,…
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The next decade will see banks move beyond traditional banking services to become ‘financial operating systems’ for their customers. This evolution is essential for unlocking value in the previously untapped small and medium enterprise segment.…
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Central banks worldwide increasingly recognise the benefits of wholesale central bank digital currencies (wCBDCs) in making remittances and other cross-border transactions cheaper, faster and safer. Pilot projects set in motion seek to identify opportunities and…
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Scaling up as UPI value of transactions reach $144 billion Transforming towards leaner core, modernising data architecture Bottlenecks in cloud adoption Focus on data consolidation and advanced analytics…
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The imminent entry of digital-only banks will further accelerate the digitalisation of the Malaysian financial industry. However, incumbents that are deep into their digital transformation journeys, especially during COVID, remain largely unfazed, and stand ready…
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The collapse of cryptocurrency giant FTX in late 2022 sent shockwaves throughout the crypto world. Previously valued at $32 billion, FTX filed for bankruptcy in November and its former chief executive officer Sam Bankman-Fried faces…
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The financial services industry in Southeast Asia has seen the entry of standalone challenger digital banks, and while incumbents are competing by investing in digital-only banking experiments, creating a path to profitability will be the…
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Ijarah is a type of financing in Islamic banking that allows a client to use bank-owned assets or property for a specified period in exchange for rent. It is an approved form of financing in…
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Ping An Bank uses financial technology to create smart and inclusive products for traditionally underserved small businesses Small and medium enterprises (SMEs) have played an increasingly important role in economic development in emerging countries in…
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