A collaboration between Vemanti, Finastra and Lendscape will expand the financing solutions on offer to Southeast Asia’s community of SMEs. The launch of a new digital bank is set to follow.
The transaction marks a first for a major financial institution and sets the groundwork for NAB to support clients as they carry out transactions using digital assets.
The payments player has proven interoperability between legacy and emerging infrastructure to enable cross-border use of CBDCs, but questions around financial intermediation and credit provision remain.