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The next evolution of SME digital banking: banks as financial operating systems

Wed, 01 Feb 2023 10:19:00 +0800
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.

Supercharge your business with ISO 20022

Tue, 31 Jan 2023 18:03:00 +0800
There’s a new language for payments worldwide, with higher quality, more structured data meaning a better experience for all. Discover the benefits for your business. Learn more

Chinese private banks strengthen philanthropic planning services in line with President Xi’s ‘common prosperity’ goal

Mon, 30 Jan 2023 17:54:00 +0800
Chinese private banks are upgrading philanthropic planning services to cater to increased demand following the country’s ‘common prosperity’ policy

wCBDC payments edge closer to reality but not without considerations

Mon, 30 Jan 2023 17:11:49 +0800
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 risks as well as explore the possibility of having shared infrastructure to automate cross-border payments, foreign exchange and settlements.

International adoption of Renminbi gains momentum

Fri, 27 Jan 2023 23:59:00 +0800
Strong cross-border trade, RCEP trade pact, and deep capital market integration support international use of RMB

Ping An’s cloud-native technology accelerates digital transformation and Smart Bank implementation

Wed, 25 Jan 2023 15:07:00 +0800
By the end of 2021, 28% of Ping An Bank’s applications, some 1,700, had been built based on a new cloud- native platform

SEA digital wallets to grow by 17% CAGR until 2025, boosted by e-commerce

Mon, 16 Jan 2023 09:16:00 +0800
Digital wallets are driving a transformation of financial services around the world. The gross transaction value of all platforms in Southeast Asia grew by 9% in 2021. E-commerce is believed to be leading the charge, with the compound annual growth rate for digital wallets set to grow by 17% until 2025.

Interoperability: The key to the future of cross-border transactions

Fri, 13 Jan 2023 15:07:00 +0800
Transformation in the global financial community across a variety of infrastructures, systems, and processes raises the risk of fragmentation.

CCB’s innovation in bond underwriting business helps open up China’s financial markets

Wed, 11 Jan 2023 15:07:00 +0800
China’s bond market has become one of the largest and most important investment destinations in the world, but foreign investor participation remains relatively low. More innovations are expected in the bond market after the Chinese regulators issued new rules for foreign institutional investors.

Chinese banks end robo-advisory services amid increased scrutiny

Mon, 09 Jan 2023 09:16:00 +0800
China Merchant Bank (CMB), Industrial and Commercial Bank of China (ICBC) and other major Chinese commercial banks have stopped robo-advisory services in response to increased regulatory scrutiny.