The Australian Securities Exchange (ASX) is currently grappling with a significant increase in costs associated with its Critical Clearing House (CHESS) upgrade, a long-awaited transition to a modernized platform that promises improved efficiency and security. What was initially projected to cost around A$250 million is now anticipated to balloon to A$320 million, raising concerns among […]
Digital Banks Fuel Profitability Growth in Brazil
Brazil’s banking landscape is undergoing a significant transformation, as digital banks drive impressive profitability growth in 2024. Recent data from the central bank’s Financial Stability Report highlights a remarkable rise in return on equity (ROE) across the sector, particularly among digital lenders. The report indicates that the overall ROE for Brazil’s banking sector climbed to […]
Brazil Opens Second Phase of Drex Digital Currency Pilot
The Central Bank of Brazil has initiated the second phase of its digital currency pilot program, known as Drex, opening up new opportunities for companies to engage with cutting-edge financial technology. Running from October 14 to November 29, this phase is strategically aimed at exploring complex use cases for a tokenized version of the Brazilian […]