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Banking in the Metaverse
Date: November 4, 2022
By Rajashekara V. Maiya, VP, Global Head for Business Consulting, Infosys Finacle Although still in the early stages, gaming, media and the entertainment industries have already started to branch out into the metaverse. However, the heavily regulated and data-intensive banking industry has lagged behind with adoption of this new platform. But now, banks are also...
The New Court Document Disclosure Regime: Fit for a Digital World?
Date: November 4, 2022
By Phil Beckett, Managing Director and Gary Foster, Senior Director, Alvarez & Marsal Disputes and Investigations On 1st October, a new framework for document disclosure came into force in the Business and Property Courts in England and Wales, following an extensive trial under the “Disclosure Pilot Scheme” (DPS). The new regime, known as Practice Direction...
First Industry Pilot for Digital Asset and Decentralised Finance Goes Live
Date: November 4, 2022
Singapore, 2 November 2022… The Monetary Authority of Singapore (MAS) announced today that the first industry pilot under MAS’ Project Guardian that explores potential decentralised finance (DeFi) applications in wholesale funding markets has completed its first live trades. More industry pilots have been launched to test the application of asset tokenisation and DeFi across a...
Mas and Sfa Announce Award Winners at Singapore FinTech Festival
Date: November 4, 2022
Singapore, 4 November 2022… The Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) announced the award winners of the Global FinTech Hackcelerator and the SFF Global FinTech Awards, at the Singapore FinTech Festival (SFF). The winners, comprising financial institutions, FinTechs and solution providers, were recognised for their innovative solutions that can help...
Mas Launches Expanded Initiative to Advance Cross-Border Connectivity in Wholesale CBDCs
Date: November 4, 2022
Singapore, 3 November 2022…The Monetary Authority of Singapore (MAS) today launched Ubin+, an expanded collaboration with international partners on cross-border foreign exchange (FX) settlement using wholesale central bank digital currency (CBDC). Ubin+ will focus on the following: Study business models and governance structures for cross-border foreign exchange (FX) settlement, where atomic settlement, based on digital...
Alloy Partners With Fiat Republic to Democratize Fraud-Free Crypto Trading and Simplify Fiat Access
Date: November 3, 2022
This partnership offers crypto platforms sustainable access to banking and payments rails, simplified and quicker end user onboarding, and efficient payments operations NEW YORK, November 2, 2022 — Alloy, the leading Identity Decisioning Platform and transaction monitoring solution for banks and fintech companies, today announced its partnership with Fiat Republic, the fiat-as-a-service platform democratizing access...