Fintech / Regtech

Fintech / Regtech

Cambodia Launches Bakong App for International Travellers

By Nithya Subramanian | 27/08/2024

The Bakong Tourists App is expected to help promote tourism while also encouraging greater use of the local currency.

Fintech / Regtech

Five Groups Seeking Virtual Bank Licence in Thailand – Reports

By Editors | 27/08/2024

The applicants reportedly include a joint venture between Siam Commercial Bank, China’s WeBank and Korea’s KakaoBank.

AML / KYC

Taiwan Banks to Allow Companies to Open Accounts Digitally

By Editors | 26/08/2024

The FSC said banks should allow “all types” of non-individual clients to open digital deposit accounts, provided appropriate verification, controls and monitoring are in place.

Fintech / Regtech

Switzerland Introduces Instant Payments for Major Banks

By Ranamita Chakraborty | 26/08/2024

The SNB and SIX said instant payments will likely form the basis for further innovation in payment transactions moving forward.

Fintech / Regtech

OJK Indonesia Launches Digital Resilience Guide for Banks

By Nithya Subramanian | 26/08/2024

The guide addresses key aspects of business continuity, disruption management, and consumer protection in the evolving digital landscape.

Enforcement

BNM Fines Bank of China’s Malaysia Unit for Outsourcing Violations

By Nithya Subramanian | 26/08/2024

BNM said the bank did not obtain prior approval before relocating core banking systems to new data centres.

Crypto / Digital Assets

DBS Concludes Blockchain Pilot to Streamline Grant Disbursements

By Ranamita Chakraborty | 25/08/2024

The programmable grant disbursement pilot used smart contracts to automate and streamline grant disbursements by Enterprise Singapore.

AML / KYC

Korean Financial Institutions Launch Credit Transaction Blocking Service

By Editors | 24/08/2024

Consumers can register for a financial system-wide block on credit transactions to protect their accounts from being used for fraudulent loans.

Fintech / Regtech

India’s IFSCA and Malaysia’s LFSA Sign Cooperation MOU

By Ajoy K Das | 24/08/2024

The MOU will facilitate information sharing to promote the development of both the GIFT City and Labuan international financial centres.