AML / KYC

India’s NPCI Launches Payment Authorisation Tech Challenge

10/02/2021

Fintechs, solution providers and developers are invited to submit unique solutions that can simplify payment authorisations for the UPI.

Fintech / Regtech

PBOC Directs Regional Banks to Only Seek Local Customers

10/02/2021

The PBOC told regional banks to focus on serving local customers and to not accept deposits from customers outside their regions.

Crypto / Digital Assets

AFCA Compels NAB to Repay Scammed Customers – Report

10/02/2021

The bank had to repay over A$200,000 to an elderly couple after it was unable to produce records showing it had warned them about a cryptocurrency scam.

ESG / Sustainability

CSRC Proposes Enhanced Investor Relations Management Rules

10/02/2021

The guidelines emphasise four principles of investor relationship management, and include an obligation for listed companies to disclose ESG information to investors.

Fintech / Regtech

Bursa Malaysia, Alliance Bank Establish Data Partnership to Help SMEs

10/02/2021

Bursa’s datasets and analytics capabilities will enable Alliance Bank to identify issues at SMEs and proactively recommend relevant solutions and advise on financing.

Fintech / Regtech

PayNow Now Available on GrabPay, Singtel Dash, Liquid Pay

10/02/2021

The Association of Banks in Singapore says PayNow has been made available to non-bank financial institutions for the first time since its launch in 2017.

Capital / Liquidity

RBNZ to Reintroduce LVR Restrictions to Contain Risk

10/02/2021

Deputy governor Geoff Bascand says the financial stability risks now exceed those foreseen at the time of the RBNZ’s consultation in December.

Capital / Liquidity

RBI Extends Liquidity Support Measures for Financial Sector

10/02/2021

The RBI has deferred implementation of the NSFR and the final tranche of the CCB, while also extending a number of other liquidity-boosting initiatives.

Securities / Derivatives

RBI Allows Indian Residents to Open GIFT City Accounts

09/02/2021

Funds deposited in GIFT City foreign currency accounts by Indian residents can only be used for investment purposes and not for spending.