Fintech / Regtech

Fintech / Regtech

Taiwan to Bolster Security Standards for E-Payments Firms

By Editors | 07/05/2024

The FSC asked the banking association to develop standards for electronic payment institutions based on the existing norms for banks.

Enforcement

CFTC Publishes Report on Responsible AI in Markets

By Manesh Samtani | 07/05/2024

The report offers five recommendations on how the CFTC should safeguard financial markets from AI-related risks.

AML / KYC

Tether to Start Monitoring Secondary Market for USDT

By Editors | 04/05/2024

Through a partnership with Chainalysis, Tether will provide sanctions monitoring, an illicit transfers detection tool, and analysis on major USDT holders.

ESG / Sustainability

China Construction Bank, Gprnt Partner on Sustainable Finance

By Nithya Subramanian | 03/05/2024

This is the first collaboration between a major Chinese financial institution and Gprnt. It is expected to improve access to sustainable finance for SMEs.

Fintech / Regtech

US CFTC Appoints First-Ever Chief AI Officer

By Sanday Chongo Kabange | 03/05/2024

The role will involve leading the development of the CFTC’s enterprise data and AI strategy and advancing its data-driven capabilities.

Fintech / Regtech

DBS Experiences Disruption Days After MAS Lifts Restrictions

By Nithya Subramanian | 03/05/2024

Customers of the Singapore bank experienced internet banking and payment services disruptions for more than two hours on Thursday.

Fintech / Regtech

RBI Updates Expectations on Operational Risk Management

By Ajoy K Das | 03/05/2024

The updated guidance note better aligns with the BCBS principles and extends applicability to regulated entities beyond just banks.

Securities / Derivatives

RBI Issues Draft Framework for Electronic Trading Platforms

By Ajoy K Das | 02/05/2024

ETPs operated from outside India by an operator incorporated outside India may seek authorisation to provide platform access to Indian residents.

Fintech / Regtech

RBI Removes Ban on Lending Products by Bajaj Finance

By Ajoy K Das | 02/05/2024

The RBI had directed Bajaj Finance, one of India’s largest consumer lenders, to stop disbursing loans under two lending products in November.