India-Russia-China explore alternative to SWIFT payment mechanism
Russia’s financial messaging system SPFS will be linked with the Chinese cross-border interbank payment system CIPS. While India still does not have a domestic financial messaging system, it plans to link the Central Bank of Russia’s platform with a service that is under development, the persons cited earlier told ET.
Pvt wealth managers help HNIs channel money for philanthropy
The desire to give back is being scientifically monitored, analysed by personal wealth managers who are mapping out the philanthropic landscape for the HNIs.
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