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Macau Unveils New Financial Services and Fintech Strategy
Macau has released a new five-year strategic blueprint aimed at reducing its heavy reliance on casino revenues. The plan places Macau Financial Services, digital currency adoption and deeper economic ties with mainland China at the centre of the territory's diversification ambitions.
The third five-year plan for economic and social development, published on 18th August 2026, sets a target of raising the added value of non-gaming industries to about 60 per cent of gross domestic product by 2030, compared with 56.7 per cent in 2024.
Gaming continues to underpin the local economy. In the first seven months of the year, it generated...
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Banking
FinCEN BOI Reporting Changes Reshape Bank AML Compliance
The decision by FinCEN to exempt domestic U.S. companies from beneficial ownership information reporting carries real consequences for banks, broker-dealers, mutual funds, futures commission...
Insurance
Asset Management
New Nature Transition Model for the Finance Sector
The finance sector adopts a nature transition model
Paris and Oslo are pushing biodiversity deeper into investment mainstream as BNP Paribas...
Cards & Payments
HSBC and Standard Chartered Test Tokenized Deposits on SWIFT
Tokenized Deposits have moved a step closer to broader institutional use after HSBC and Standard Chartered completed what the...
Finance
Canada and AfDB Advance Development Finance Framework
Canada and the African Development Bank Group are consolidating their financial partnership into a single integrated investment framework. The approach brings together development finance,...
Company Statements
Efforts to Streamline Global Cross Border Transaction Models
The ability to move capital across borders efficiently is the lifeblood of the global economy, supporting everything from international trade and foreign direct investment...
International Payment Transfer to Germany Made Easy
Swift, the organization that powers the worldwide network linking over 11,500 financial institutions in more than 200 markets, announced a new consumer payments campaign that will...
Mastercard Introduces Agent Pay for Machines – AP4M
The rise of AI has gone on to create novel ways to buy as well as sell goods and also services. Now it needs...
Mastercard Card to Account Partner Program for B2B Payments
Getting a payment to a supplier is often still more complex than it needs to be for something so basic to running a business.
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