Wuxi Rural Commercial Bank is aware of the direct integration by the banking system of the cross-border financial blockchain services platform.

08月

2020-8-27 06:18

On August 24, the Vice Chairman of the Wuxi Central Branch of the State Department of Foreign Trade Management and his counterpart visited the Wuxi Rural Commercial Bank and presented the first direct investment in trade finance. The direct connection recognizes the efficient and automatic integration of multiple systems, strengthens risk and business management, and shortens all spending and borrowing processes. So far, Wuxi Rural Commercial Bank has become the first state-owned public enterprise to realize the direct financial system of cross-border financial blockchain service platform. (Jiangsu Economic Journal)

Report: Banks have more money problems in Mexico than blockchain companies.

Mexico's Financial Intelligence Unit recently announced the results of its second national risk assessment, according to Economista on August 26. The report shows that the risk of bank laundering outweighs the challenges facing financial technology companies. The "G7 Banks" group, which includes Banco BBVA, Santander, Citi, Banorte, HSBC, Scotiabank and Inbursa, recorded more money launderers in Mexico than blockchain companies, the statement said. Corporations, stock exchanges and banking resources also include the “high risk” category in the report.

2020-8-27 06:01