Singapore’s Payment Services Act comes into force
by Ben Poole
The Act is designed to enhance the regulatory framework for payment services in Singapore.
News
Lloyds Bank rolling out corporate tools as part of carbon cutting pledge
by Ben Poole
The banking group pledges to cut carbon by more than 50% in the next decade to help finance a green future.
Banking sector ‘active mindset’ key to accelerating response to climate crisis
by Ben Poole
BEI report outlines path to a greener future for banks.
Voltron transforms into Contour
by Ben Poole
Contour launches following the success of the bank-backed project to digitise trade finance.
RAKBANK and Mastercard launch suite of corporate payment solutions
by Ben Poole
The product suite includes a corporate purchase card, corporate executive T&E card and B2B virtual card.
FCA and BoE forum to explore AI in financial services
by Ben Poole
The Financial Services AI Public Private Forum will explore means to support safe adoption of AI in financial services.
Digital currencies: the ultimate hard power tool
by Ben Poole
Part III of DB's Future of Payments report examines the impact digital currencies could have on corporates and countries.
HSBC’s Green Deposits debut in UK and Singapore
by Ben Poole
The accounts will help support green projects backed by the bank.
RTP limit raised to US$100,000, as MUFG joins scheme
by Ben Poole
The Clearing House is quadrupling the limit from February 1st.
OpenDoor opens continuous order book for illiquid US treasuries
by Ben Poole
State Street will execute transactions matched on the platform.
Central banks ponder digital currency potential
by Ben Poole
A group of central banks are assessing possible use cases for digital currencies.
Nasdaq solution seeks to simplify corporate ESG reporting
by Ben Poole
The platform aims to support corporate sustainability and the ESG reporting process for public companies.
Corporate disbursements: ACI Worldwide selects The Bancorp and Visa as real-time payment providers
by Ben Poole
The collaboration should yield faster payments capabilities.
Mastercard opens global Intelligence and Cyber Centre in Vancouver
by Ben Poole
The new centre is designed to accelerate innovation in digital and cyber security, AI and IoT.
PNC Treasury Management debuts automated real-time payment solution
by Ben Poole
The automated process is designed to provide instant reconciliation for billers and payers.
Open Banking held back by lack of trust among small firms
by Ben Poole
Federation of Small Businesses (FSB) figures show a majority of business owners ‘wary’ about sharing banking data electronically.
Standard Chartered’s first use of FX e-trading engine demonstrates latency reduction
by Ben Poole
The inaugural trade, executed with the bank’s counterparty United Overseas Bank, saw a latency reduction of 80%.
Call for clarification on e-money definition and related fraud reporting requirements
by Ben Poole
Current definitions don't match the market reality for European payment instruments and products.
US corporates rack up FX losses of US$11bn in three months
by Ben Poole
A Kyriba report identifies prolonged currency volatility as a factor in the Q3 2019 losses.
Red Deer and Cappitech partner on MiFID II reporting
by Ben Poole
The two companies are also targeting best-execution monitoring and MAR compliance.
US and UK lead 2019’s US$8.14bn AML fines
by Ben Poole
Research from Encompass shows that annual AML fines nearly doubled compared to the previous year.
New sustainable finance framework sets standards for financial institutions
by Ben Poole
The BIS framework is designed to align banks to global sustainability challenges.
MUFG executes first transaction on KomGo’s blockchain-based trade finance platform
by Ben Poole
The aim of the komgo platform is to digitise the commodity trade finance sector for commodity traders and other corporates.
DBS debuts B2B payments and collections solution
by Ben Poole
Singaporean food and beverage firms will pilot the programme.