Spanish lender to explore tokenisation and smart contracts in cross-border transactions as part of international Agorá initiative
CaixaBank, Spain's third-largest lender by market value, has been selected to participate in a global initiative to transform international payment systems through tokenisation and smart contracts.
The project, named Agorá, is led by the Bank...
BEIJING — China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, by 50 basis points, People’s Bank of China Gov. Pan Gongsheng said during a press conference on Tuesday.
Pan, who was speaking to reporters alongside two other...
The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due to national security concerns - a move that would effectively bar nearly all Chinese cars from entering the U.S. market.
The planned regulation, first reported by Reuters, would also force...
Against a backdrop of continuing industry consolidation, community banks see digital payments as a key competitive weapon, according to newly released survey data from Bank of New York Mellon Corp.
“Nearly 30% of those polled indicated that launching new technology services focused on efficiency and security, such as instant payments,...
Global bank partners with Quantinuum to shield digital assets from quantum threats, enhancing security for institutional and retail investors in fintech se
HSBC, the multinational banking and financial services organisation, has successfully trialled quantum-secure technology for trading tokenised physical gold.
This development marks a significant advancement in protecting digital assets against...
The threat of port strikes on the East Coast and Gulf of Mexico is sending shockwaves through the supply chain, and raising concerns that there will be an uptick in inflation.
"Goods trans-shipped across the country are not only going to be late but they will cost more, e.g., apparel...
Asia-Pacific markets mostly higher Monday as investors digested monetary policy decisions from Japan and China as well as the U.S. Federal Reserve’s sharp rate cut last week.
Data last Friday showed China’s youth unemployment rate rose for a second straight month to its highest level this year, according to the National...
Authorized Push Payment (APP) fraud has been notoriously difficult to fight against because it involves consumers voluntarily transferring assets to fraudulent accounts. In most cases, bad actors target their victims through social engineering or impersonating a real person or company.
“There is obviously a technology piece that plays a role...
