Fintech / Regtech

Big Picture

FSB Proposes Measures to Address Cross-border Payment Frictions

By Manesh Samtani | 17/07/2024

Two new FSB reports offer policy recommendations to address legal, supervisory and regulatory frictions in cross-border payments.

Fintech / Regtech

China Issues New Marketing Guidelines for Online Loans

By Editors | 16/07/2024

NIFA calls on FIs and third-party internet platforms to standardise their online loan marketing activities and abide by 19 measures set out in the guidelines.

Fintech / Regtech

Singapore Issues Draft Guide on Synthetic Data Generation

By Nithya Subramanian | 16/07/2024

The guide proposes good practices for generating synthetic data that can be used to train AI models while protecting the underlying personal data.

Fintech / Regtech

Korea, Indonesia Sign Cross-border Payments MoU

By Editors | 16/07/2024

The MOU will support the implementation of cheaper, faster, more inclusive, and more transparent cross-border payments between the two countries.

Crypto / Digital Assets

World Bank Paper Explores Interoperability Between CBDC and FPS

By Editors | 16/07/2024

The paper says internal experimentation demonstrated how CBDC systems could interoperate with retail payment systems through an interlinking bridge.

Fintech / Regtech

New York DFS Issues Rules Governing AI for Insurers

By Nithya Subramanian | 15/07/2024

The guidance ensures that implementation of AI in insurance does not perpetuate systemic biases that result in unfair discrimination, while providing market stability.

AML / KYC

AUSTRAC to Deliver New Reporting Platform in “Coming Months”

By Editors | 15/07/2024

AUSTRAC said in 2021 that it would be replacing its reporting system. The final stage of features will be delivered in the “coming months”.

Fintech / Regtech

Bangladesh Bank Issues Rules for Digital Payments Platform

By Ajoy K Das | 11/07/2024

The platform supports the use of virtual IDs to protect entities from crimes such as identity theft, extortion and fraud.

Market Infrastructure

BCBS Consults on Principles for Managing Third-Party Risk

By Editors | 10/07/2024

The BCBS offers 12 high-level principles on the effective management and supervision of risks arising from third-party arrangements.