Fintech Daily Information Briefing on [August 20, 2021]
RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. At the same time, we also provide daily information briefings on financial technology. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.
The following is the Fintech Daily Information Briefing on [August 20, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.
[1]. The Philippine central bank unexpectedly announced the suspension of digital banking license applications
On Thursday local time, the Bank of the Philippines unexpectedly announced that it would suspend receiving applications for digital banking licenses from September, which also showed that regulators were more cautious in welcoming this emerging industry. The policy committee of the Central Bank of the Philippines said that stopping the application for a new license will allow the central bank to evaluate the performance of these existing digital banks and their impact on the banking system, and also consider the contribution of the industry to Inclusive Finance. Regulation needs to ensure that the business environment continues to allow healthy competition among banks so that they can provide innovative and competitive products to customers. Although the announcement only mentioned the suspension of receiving applications, Benjamin diokno, governor of the Bank of the Philippines, said at the briefing that the application window would be closed for at least three years. The Bank of the Philippines confirmed that the application submitted before August 31 will continue to be approved, but if the applicant’s documents are missing or can not meet the license requirements, the materials will be returned and subsequent applications will not be accepted.
[2]. Databricks, a data warehouse service provider, received another US $1.5 billion in financing, with a valuation of US $3.8 billion
Recently, Bloomberg quoted informed sources as saying that databricks, a cloud data service platform, has just completed a financing of $1.5 billion, with a platform valuation of $38 billion. Founded in San Francisco in 2013, databricks mainly provides data warehouse and data Lake services. Previously, it has raised $1.9 billion.
[3]. The Bank of Thailand will test retail CBDC in the second quarter of 2022
[4]. Bank of Indonesia launched the national standard of payment open API
On August 17, 2021, Bank of Indonesia (central bank / BI) announced the launch of the national standard (SNAP) of open API for payment, which unifies steps, integrates and connects various payment system services for Indonesia’s economic development, and creates a healthy, competitive and innovative payment system industry, so as to provide efficient, safe and Reliable payment system services. Perry warjiyo, governor of the Central Bank of Indonesia, said that the implementation of snap is an important step to accelerate the opening of banking business in the field of payment system.
If you want to get customized information, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.