試す 金 - 無料
OCBC unveils blockchain-powered CBDCs at Singapore Fintech Festival
Asian Banking & Finance
|Issue 113
OCBC is aiming to commercialise one or two of its blockchain solutions in 2024.
-
Conference-goers who visited OCBC's booth display during the Singapore Fintech Festival 2023 were in for a treat: they were the first to get a taste of how the Monetary Authority of Singapore (MAS)' central bank digital currencies (CBDCs) could be used for instantaneous interbank settlement. Visitors were able to avail of 5 Digital Singapore Dollars from OCBC, which they were then able to spend at the UOB booth. The Digital Singapore Dollars were issued by OCBC and UOB and are fungible across each other.
Whilst such digital novelties may seem routine to a country where almost 1 in 2 payment transactions are done electronically, the real magic lies behind the scenes: atomic settlement. Institutions, such as OCBC and UOB in this case, will no longer need to wait days for the transaction to be settled in the back end. It can happen instantaneously.
Blockchain expertise
このストーリーは、Asian Banking & Finance の Issue 113 版からのものです。
Magzter GOLD を購読すると、厳選された何千ものプレミアム記事や、9,500 以上の雑誌や新聞にアクセスできます。
すでに購読者ですか? サインイン
Asian Banking & Finance からのその他のストーリー
Asian Banking & Finance
OCBC triples quantum tech workforce to enhance cybersecurity measures
The Singapore bank expects significant tech advancements in the next five to 10 years.
2 mins
Issue 117
Asian Banking & Finance
NETS adds inventory features to payment terminals for Singapore retailers
It is using data from its payment system to help businesses improve operations.
3 mins
Issue 117
Asian Banking & Finance
Japanese banks seek M&A deals overseas
Japan's biggest banks pursued mergers and acquisitions (M&A) of local and foreign fintech firms in the second half of 2024 in search of better revenue, as the yen sank to a 34-year low amidst relaxed regulations.
2 mins
Issue 117
Asian Banking & Finance
BTN Prioritas wins prestigious international award - Retail Banking Awards
It was awarded the Customer Experience Initiative of the Year - Indonesia for PLUS by BTN Prioritas.
3 mins
Issue 117
Asian Banking & Finance
Singapore's top central banker touts potential of asset tokenisation
The tech must be regulated, which can be a challenge.
2 mins
Issue 117
Asian Banking & Finance
BTN Wins Award at ABF Wholesale Banking Awards 2024
PT Bank Tabungan Negara (Persero) Tbk (BTN) won an award at the Asian Banking & Finance (ABF) Wholesale Banking Awards 2024 on Thursday, July 4, 2024.
2 mins
Issue 117
Asian Banking & Finance
The way forward-GXBank leads the charge in transforming the local banking scene
Whilst digital banking in Malaysia is still in its infancy, there is no doubt that it can act t as a bridge to offer services or lack thereof-to those who are financially underserved.
2 mins
Issue 117
Asian Banking & Finance
Unlocking global expansion with Payoneer's seamless and reliable payments solutions
Payoneer empowers small and medium-sized businesses (SMBS) worldwide, simplifies global commerce, and enables entrepreneurs to grow with confidence and ease through its cross-border payment solutions.
2 mins
Issue 117
Asian Banking & Finance
Can Asian banks weather the profit squeeze in 2025?
Banking profits are expected to remain under pressure in many Asian markets in 2025, with lenders likely to post Bunder pressure either modest improvements or manageable declines, according to analysts.
3 mins
Issue 117
Asian Banking & Finance
China's payment system gets boost from renminbi rise
Cross-border renminbi use for trade in services grew 22.3% YoY to $165b.
2 mins
Issue 117
Translate
Change font size