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The pandemic had previously put a break on impending SWIFT Releases that were originally pencilled in for 2020. When those were pushed back to November 2021, that was a welcome deferment to allow financial institutions to ready themselves for the upcoming changes to Trade Finance Category 7 for Guarantees and Standby Letters of Credit.

With the car industry turning greener, electric vehicles are the next big thing. Although EVs have been on the market for a while, high prices, lack of charging stations, range limitations between charges have hindered universal adoption. The Volkswagen ID.3 and Nissan Leaf are competing to address these concerns. How do they measure up?

A frustrating economic malady is stagflation, in which typical remedies to solve one aspect (inflation) aggravate the second facet (stagnation). As the world’s economies struggle with the COVID effect, stagflation is rearing its head after being in remission for nearly half a century. How policymakers respond now will determine its future course.

Earlier this year, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a $390 million penalty against Capital One for “willful” anti-money-laundering (AML) failures that happened during a period between 2008-2014. For compliance operators in the space, the action was a strong signal of rigorous enforcement, and perhaps a sign of increased pressures to come.

After encouraging economic performance during the first half of 2021, Indonesia’s enviable advance was thwarted by a resurgence in Delta-variant COVID cases during the third quarter, prompting forecasters to lower their GDP growth projections. Will Southeast Asia’s leading economy pull through this downturn and regain its momentum?

With home prices surging, many homeowners are sitting on high-value properties while remaining cash-poor. Owners can unlock some of the equity in their homes through secured credit arrangements, but the shared home-equity agreement offers a popular way for cash-strapped owners to access some of the riches locked inside their properties.

Fintech has transformed banking as we once knew it, and now fintech-as-a-service (FaaS) is providing financial technology as a service through integrated API-based solutions to a wide market. From processing payments to meeting compliance requirements, FaaS is set to drive coordinated financial innovation further, with no end in sight.

2020 delivered the biggest shock to the financial services industry since the financial crash. Business continuity plans and other contingency measures were put to the test like never before, putting compliance officers under pressure to adapt annual compliance programmes. Many financial institutions grappled with the operational, financial, risk and regulatory compliance implications.

Batteries are used in products from smartphones to electric vehicles, and there is no sign of demand diminishing, with sustainability goals influencing every market segment. Lithium-ion batteries are leading the battery industry, and investment in the space is set only to soar, driven by the march toward meeting clean-energy targets.

The internet has become an indispensable element in our lives and has also crowned a few behemoths, which control not only a huge chunk of the Web but plenty of user data. As we move into Web 3.0, we can expect to see a more decentralized DLT-based system that gives back to users sovereignty over what is rightfully theirs: their data.