FINTECH / REGTECH

Fintech / Regtech

UK FCA Outlines Plans for Big Tech, Artificial Intelligence

By Manesh Samtani | 24/04/2024

The FCA will work with Big Tech firms to examine the value their data can bring to retail financial markets, with a view to potentially incentivising more data sharing.

Fintech / Regtech

PBOC Issues Draft Implementation Rules for New Payments Regulations

By Editors | 24/04/2024

Non-bank payment institutions will be allowed to transition to the new regulations depending on the validity of their existing licences, which can be up to five years.

Fintech / Regtech

China Launches Unified Account Inquiry Platform for Fund Investors

By Sanday Chongo Kabange | 23/04/2024

The platform provides a “one-stop” service for investors to query information about their holdings in public funds, regardless of fund manager or sales channel.

Fintech / Regtech

Hong Kong Launches New ‘One-Stop’ Platform for SMEs

By Sanday Chongo Kabange | 23/04/2024

The new ‘one-stop SME platform’ enables SMEs to “shop around” for lending services offered by the major banks.

Fintech / Regtech

India Explores Measures to Address Duopoly in Mobile Payments Market

By Ajoy K Das | 23/04/2024

Google Pay and PhonePe together account for nearly 86% of UPI transactions by volume. Support and incentives are being considered for smaller players.

AML / KYC

HKMA Proposes Revisions to E-banking Risk Management Requirements

By Manesh Samtani | 22/04/2024

HKMA’s revised SPM Module incorporates additional requirements on electronic banking security and expands the obligations to payment card transactions.

Crypto / Digital Assets

UK Banks Launch Digital Money Experimental Phase

By Editors | 19/04/2024

Barclays, Citi, HSBC, and Lloyds are among those that have signed up to experiment with the so-called ‘Regulated Liability Network’.

Big Picture

ISDA Offers Guidance on Using GenAI in Derivatives Markets

By Manesh Samtani | 19/04/2024

The report identifies use cases for GenAI in the OTC derivatives market, and explores regulatory issues, challenges and risks.

Fintech / Regtech

BIS Project to Simplify Financial Infrastructure Development

By Manesh Samtani | 19/04/2024

BIS Innovation Hub and partners will develop a tool to enable easy implementation of next-gen payment systems and settlement infrastructures.