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DTCC launch API Messaging Application

The Depository Trust and Clearing Corporation’s (DTCC) insurance and retirement services has launched a producer authorisation (PAR) service.

The service offers a standardised method for insurance vendors and distributors to communicate with carriers in order to verify producers' authorisation.

PAR deploys simultaneous messages that allows distributors and vendors to ping carriers instantly to certify producer credentials, streamlining processes, and increasing operational efficiencies.

Justin Schwartz, executive director for product management for wealth management services at DTCC, comments: “There was an industry need for a unified service that provides real-time producer data, and we are pleased to now offer PAR. In the development of the offering, we focused on building out a standardised ‘can sell’ API message platform that improves client and advisor experience by providing increased confidence in authorised producers.”

https://www.assetservicingtimes.com/assetservicesnews/technologyarticle.php?article_id=15770&navigationaction=technologynews&newssection=technology

HKMA Launches Consultation on Proposal to Rename 'Virtual Bank' as 'Digital Bank' w/ No Need to Introduce More New Virtual Bank Players at This StageFinancial News

http://www.aastocks.com/en/mobile/news.aspx?newsid=NOW.1369337&newssource=AAFN

There are two Financial Resets coming. One is digital, and the values of our new digital assets will be determined by supply and demand. This will, in turn, give us the ability to provide authentic values to our paper money. 

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Việt Nam's exports to US market accelerate

https://vietnamnews.vn/economy/1660805/viet-nam-s-exports-to-us-market-accelerate.html

Maintaining development pace crucial to complete economic growth goals: Experts

https://en.vietnamplus.vn/post-291557.vnp

 Vietnam and Singapore Sign MoU to Boost Stock Exchange Collaboration - AsiaTechDaily - Asia's Leading Tech and Startup Media Platform

https://asiatechdaily.com/vietnam-and-singapore-sign-mou-to-boost-stock-exchange-collaboration/

Iraq's shipping ports are expanding. See links below.

Watch the water.

https://www.iraq-businessnews.com/2024/08/08/uk-trade-with-iraq-up-14/

https://www.iraq-businessnews.com/2024/08/08/russia-targets-iraqi-transport-development/

https://jordantimes.com/news/local/khasawneh-urges-rapid-implementation-jordan-iraq-projects#google_vignette