Local authorities are expected to clamp down on peer-to-peer (P2P) lending to reduce risks in a sector that is growing in influence within the country’s financial sector.
Six global institutions have endorsed SWIFT’s new transaction management platform, expected to go live in November 2022 to transform cross-border payments.
The $25 million transaction, priced off Secured Overnight Financing Rate (SOFR) averages, is an industry milestone as the global interbank offered rate (IBOR) transition gathers pace.
It has become the first foreign bank to implement domestic mutual fund custody and wholly foreign-owned enterprise (WFOE) private fund custody in China.
The ASEAN Financial Innovation Network (AFIN) is aligning with software firm R3 to enable banks and fintechs to build and test Central Bank Digital Currency (CBDC) applications.
The increase in penetration of contactless and digital payment systems will boost the growth of the global NFC payment devices market over the coming years.
Companies can do a “health check” on their operations based on the resilience and sustainability of their supply chains, which are then benchmarked against peers across regions and sectors.