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Bank Negara Malaysia has announced that it will issue five digital banking licences by next year. So far, BNM has received 29 applications.
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The strategic partnership between LINE and Hana Bank continues following the launch of digital banking platform LINE Bank in Indonesia. Following the start…
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Kazakhstan has started a public consultation for the launch of a central bank digital currency (CBDC).
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Despite 2020 being a difficult year for most economies, some countries’ remittance flows have proven more resilient than expected during the COVID-19 pandemic,…
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Alibaba posted a quarterly net loss for the first time since 2014 mainly due to the anti-monopoly fine slapped by the regulator in March. Tighter regulation…
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The world’s 60 largest banks from Europe, Asia and North America continue to funnel nearly $3.8 trillion into fossil fuel projects from 2016 to 2020. Most…
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Singapore’s three major commercial banks, DBS, OCBC, and UOB, reported improved financial results for the first quarter of 2021
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Determined to make Europe the first climate-resilient continent by 2050, the European Commission presented a package of new proposals that more granularly…
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The largest US cryptocurrency platform goes public and China's digital renminbi testing speeds up
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China’s State Administration for Market Regulation (SAMR) imposed administrative penalties on Alibaba for its antitrust activities in the online retail…
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There has been a number of proof-of-concepts and tests of blockchain or distributed ledger technology in financial markets to improve efficiency, accuracy…
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US multinational investment bank and financial services company Citi plans to shut down its consumer banking operations in 13 countries to refocus on wealth…