FINTECH / REGTECH

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    Fintech / Regtech

    Indonesia OJK Issues New Rules to Support Banking Digitalisation

    By Mark Johnston | 30/12/2023

    The new regulations aim to provide a level playing field and guidance for banks in developing digital services and assessing digital maturity.

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    AML / KYC

    Korean Banks Set to Start Compensating Customers for Fraud Losses

    By Manesh Samtani | 28/12/2023

    From 1 January 2024, customers who suffer losses from unauthorised electronic financial transactions will be able to seek compensation from banks.

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    Fintech / Regtech

    HKMA Issues Guidance on Managing Cyber Risk of Third-Parties

    By Mark Johnston | 27/12/2023

    Banks are asked to use scenario-based incident response strategies and regular drills to better prepare for supply chain attacks.

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    Fintech / Regtech

    Cambodia, China Launch Cross-border QR Payment Link

    By Editors | 27/12/2023

    Visitors from China can use UnionPay-enabled mobile apps to scan KHQR codes in Cambodia. By early 2024, Cambodian residents will be able to use their Bakong wallets in China.

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    Big Picture

    OECD Calls for Financial Regulators to Guide GenAI Deployment

    By Ranamita Chakraborty | 26/12/2023

    Financial regulatory frameworks safeguard market integrity and ensure consumer protection against risks associated with GenAI’s adoption, noted an OECD paper.

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    Fintech / Regtech

    RBA Sets Expectations for Enhanced Debit Card Market

    By Sanday Chongo Kabange | 22/12/2023

    The RBA wants all industry participants to support token portability and token synchronisation by June 2025.

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    Fintech / Regtech

    RBI Enables Card-on-File Tokenisation at Issuer Level

    By Ajoy K Das | 22/12/2023

    Token generation by card issuing banks and institutions will be possible with cardholder consent and AFA validation.

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    Fintech / Regtech

    HKMA Announces Launch Date for Bank Account Data Sharing Pilot

    By Editors | 22/12/2023

    The IADS pilot programme will commence on 1 January 2024 with the participation of 28 banks, covering deposit account information.

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    Fintech / Regtech

    Singaporeans Open to GenAI, but Concerned About Data Security

    By Nithya Subramanian | 21/12/2023

    A robust and effective data governance strategy will be crucial for banks to ensure responsible use of AI, said Kanv Pandit of FIS.

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    Fintech / Regtech

    Data Protection Rules in China: An Ongoing Cycle of Reinvention

    By Jingyuan Shi | 21/12/2023

    Jingyuan Shi discusses China’s changing rules on cross-border data transfer and examines the extra-territorial implications.

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