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OCBC Bank and DBS Team Up With Google Pay to Launch Pay Services in Singapore


OCBC Bank and DBS have tied up with Google Pay to help the two banks launch Google Pay services with PayNow and PayLah! by next year. Peer to peer funds transfer is now a multibillion-dollar industry, and the customers at OCBC will be the first ones in Singapore to make such transfers via Google...

Shinhan Bank of Korea to Develop Blockchain-based Platform for Loan Management


According to the latest reports, Shinhan Bank has entered into a collaboration with SEMAS (Small Business Market Promotion Corporation) for building a blockchain-based platform dedicated to loan management. The platform would streamline the verification process for SMEs that apply for institutional...

Document Reveals That Danske Bank Uses Gold Bullion for Money Laundering


The Danish Danske Bank has been in the eye of a storm for quite some time after it discovers that one of its branches in Estonia has used for money laundering. It has now emerged that the bank had even used gold bullion to launder money. The revelations are going to be embarrassing for Denmark’s...

Danske Bank Caught Using Gold Bullion to Launder Illicit Funds


The Danish financial institution Danske Bank has been embroiled in a massive money-laundering scandal associated with an Estonian branch that allegedly laundered $223 billion in an eight-year period. According to documents uncovered this week stemming from 2012, Danske Bank’s Estonian branch...

Holders of the Digital Yuan Will Not Be Paid Interest


China has been sending mixed signals about its preparedness to issue a national crypto. Despite the new blockchain push, there is still no timeframe for the anticipated launch of the digital yuan and few details have been revealed so far. However, a senior official from China’s central bank...

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