Fintech / Regtech

Enforcement

MAS Ends Six-Month Pause on Non-Essential Activities at DBS

By Nithya Subramanian | 02/05/2024

MAS will retain the additional capital requirement and “closely monitor” DBS Bank’s progress on the remaining deliverables.

Fintech / Regtech

BIS to Develop AI Solution for Assessing Cyber Resilience

By Editors | 02/05/2024

The solution will be able to collect and analyse data to assess the cyber security and resilience maturity of a country’s financial sector.

AML / KYC

Wolfsberg Group Responds to FATF Payment Transparency Consultation

By Manesh Samtani | 01/05/2024

Operators of payment market infrastructures should be brought into the scope of R.16 and ISO 20022 terminology should be adopted.

ESG / Sustainability

Latest G20 TechSprint to Focus on Supporting Sustainable Finance

By Editors | 01/05/2024

This year’s G20 TechSprint will focus on problem statements relating to sustainable finance, including nature-based solutions and ESG data improvements.

Fintech / Regtech

Thailand to Launch Cross-border QR Payment Link with India

By Nithya Subramanian | 30/04/2024

The payment link with India is expected to roll out in Q3. BOT is aiming to become a multinational payment network.

Fintech / Regtech

ICICI Bank Expresses Regret for Exposing Credit Card Data

By Ajoy K Das | 30/04/2024

A glitch caused 17,000 credit cards to be erroneously mapped to the wrong users, who were able to see all the card details in the bank’s mobile app.

Market Infrastructure

CPMI Publishes SLA Guidance for Cross-border Payments

By Editors | 30/04/2024

New CPMI report offers high-level recommendations on the design of service level agreements used in cross-border payment arrangements.

Fintech / Regtech

Four Singapore BNPL Providers Receive Trustmark Accreditations

By Nithya Subramanian | 30/04/2024

The Trustmark indicates a service provider’s commitment to responsible lending and compliance with the BNPL Code of Conduct.

ESG / Sustainability

Malaysia SC, IsDB to Cooperate on Islamic Capital Market

By Nithya Subramanian | 30/04/2024

The collaboration will facilitate innovation in Islamic fintech, promote Islamic social finance, and encourage investment inflows.