The advent of virtual banks will hurt Taiwan’s lenders more than peers in Hong Kong or Singapore.
Singapore and Canada need to solve foreign exchange in their blockchain project for real-time payments.
Funding aims to inject Greater China tech expertise into AFIN, a platform connecting banks and fintechs.
Despite the entrance of new, big fintech competitors, the startup sees opportunities through diversification.
The fintech, backed by Pintec and FWD, will challenge banks without having to meet the same regulatory requirements.
Banks are investing in digitizing the onboarding of clients, but hopes for a utility solution are unlikely to be realized.
Here’s a taste of what MAS, Bank of Canada, vendors and banks have been working towards for cross-border payments.
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How MAS and the World Bank’s IFC are creating a meet-up place for fintechs and Southeast Asian banks.