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FINTECH / REGTECH
Crypto / Digital Assets
BIS to Explore Tokenisation of Promissory Notes Used to Funds MDBs
By Editors | 15/01/2024
Project Promissa intends to simplify the management of the notes and provide a single source of truth for all counterparties throughout the notes’ lifecycles
Fintech / Regtech
BSP Grants Direct PhilPaSSplus Access to First Nonbank EMI
By Sanday Chongo Kabange | 12/01/2024
OmniPay’s direct access to PhilPaSSplus allows it to make efficient and low-risk funds transfers using central bank rails.
Fintech / Regtech
Two New Digital Banks Approved for Launch in Malaysia
By Manesh Samtani | 10/01/2024
Boost Bank and AEON Bank received regulatory approval to begin digital banking operations. They were two of five applicants granted licences in 2022.
Fintech / Regtech
BSP Proceeds With Soft Launch of New ITRS System
By Editors | 09/01/2024
The soft launch of the new International Transaction Reporting System commenced as planned on 8 January. Full implementation is deferred from April to June.
Market Infrastructure
GIFT City Regulator Directs IBUs to Improve Cross-border Payments
By Ajoy K Das | 09/01/2024
IFSC Banking Units are asked to use Swift GPI and to explore how they can further speed up their processing of cross border payments.
Crypto / Digital Assets
HK Spot Crypto ETFs to Drive Collaboration with TradFI Firms
By Nithya Subramanian | 09/01/2024
With regulatory safeguards in place, the success of crypto ETFs hinges on institutional interest tied to market conditions, including crypto valuations.
Fintech / Regtech
Korea FSC to Launch New Microfinance Assistance Platform
By Sanday Chongo Kabange | 08/01/2024
The new online platform will help users find suitable microfinance products based on their financial needs and situation.
Fintech / Regtech
Taiwan Reports Progress on Industry Use of Digital Identity Solutions
By Mark Johnston | 07/01/2024
The FSC said the financial industry is gradually introducing digital identity verification solutions following the issuance of new guidelines in October.
Fintech / Regtech
Large Language Models Can’t Yet be Used for ‘Highstakes’ Analysis: BIS
By Manesh Samtani | 06/01/2024
Current large language models like GPT-4 do not yet have the “rigorous reasoning abilities necessary for some core analytical activities”.
Fintech / Regtech
Korea to Launch AI-based Advertising Surveillance System
By Manesh Samtani | 05/01/2024
The new system will use an AI to automatically identify illegal financial advertisements and automate requests to block them.
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