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Mastercard has announced that it has received in-principle approval from the People’s Bank of China (PBOC) to begin formal preparations to set up a domestic bankcard clearing institution.
Mastercard, local operations, bankcard clearing
Mastercard has reiterated that its commitment to China remains stable and that it continues to work on securing the requisite license to be able to access China’s domestic market.
Mastercard, China, bank, card, bankcard-clearing license
Advancements in digital identity across Europe provides some organisations with opportunities, while others with a major headache - Signicat’s new report shows
eID, BankID, DigiD, iDIN, open banking, PSD2, digital identity, Signicat, Gunnar Nordseth, oboarding, bankc, financial institutions, ecommerce
The State Bank of India (SBI) has announced plans to beta test blockchain smart contracts in December 2017, with blockchain-based know-your-customer (KYC) processes soon after.
State Bank of India, SBI, blockchain, smart contracts, KYC, India, banking sector, Bankchain, non disclosure agreements,
BankChain, India’s first blockchain exploration consortium for banks, has completed the work on its blockchain project, The Times of India reported.
BankChain, blockchain, India, Asia, innovation, blockchain consortium, banks, KYC, AML, CTF, Clear Chain, c2