Fintech Daily Information Briefing on [September 07, 2021]
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The following is the Fintech Daily Information Briefing on [September 07, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.
[1]. Standard Chartered Bank joins hands with Singapore National Federation of employees to launch Digital Banking
On September 6, 2021, Standard Chartered Bank announced the launch of a digital bank with the National Federation of employees of Singapore (NTUC). Scbsl, a subsidiary of Standard Chartered Bank, will contribute s $144 million, while betaplus under NTCU will contribute s $96 million. In December 2020, Standard Chartered Bank obtained the full banking license of Singapore. This is also the second time that Standard Chartered Bank has set foot in the field of Digital Banking. Previously, Standard Chartered Bank has jointly launched the digital bank MOX with PCCW, Hong Kong Telecom and trip.com.
[2]. Chairman of the UK Monetary Authority: we should formulate an effective regulatory system for the decentralization of digital tokens
Recently, the chairman of the UK financial conduct authority (FCA) said that the hype of digital tokens such as bitcoin has made some consumers worry that they will miss a good opportunity. To develop an effective regulatory system for the decentralization of digital tokens, this needs to be carefully considered. It is essential that companies show how they can deal with the risks that unregulated activities related to digital tokens may bring to them.
[3]. The Federal Reserve and other three regulators jointly issued guidelines for cooperation between community banks and financial technology institutions
On August 27, 2021, the board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the office of the Comptroller of the currency jointly issued guidelines, hoping to help community banks assess the risks of cooperation with financial technology enterprises. In recent years, more and more community banks choose to cooperate with financial technology institutions to improve product and service quality, improve operation efficiency and reduce internal costs. The guidelines issued this time mainly cover six aspects of due diligence, including business experience and qualification, financial status, legal and regulatory compliance, risk management and control process, information security and operational resilience.
[4]. Factorial, a Spanish human resources software company, received a round B financing of US $80 million
Recently, factorial, a Spanish human resources software company, announced that it had obtained a round B financing of US $80 million, with a valuation of US $530 million. This round of financing is led by Tiger global and invested by CRV, point nine capital and other institutions. Founded in 2016, factorial has established an HR automation platform. At present, the company has raised US $100 million, and the new funds will be used to explore the Latin American market and improve the level of science and technology.
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