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Leveraging the groundbreaking Partior platform, we’re not just streamlining cross-bank payments but also covering our geographical footprint for such transactions. The post Standard Chartered Utilises Blockchain for Cross-Border Transactions Between Hong Kong and Singapore appeared first on The Fintech Times.
It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Blockchain. Marketplace lending. Digital banks.
Still, Lewis expressed confidence in the evolving regulatory outlook: We now have clear support from regulators who want to encourage innovation in this space. Redefining the role of banks and fintechs The evolving cross-border payments ecosystem is less about competition between banks and fintechs, and more about strategic collaboration.
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