Fintech / Regtech

Securities / Derivatives

TAIFEX Amends Information Security Rules for Futures Brokers

By Editors | 08/09/2024

Among the new requirements, futures brokers must prohibit staff from storing confidential business information on personal mobile devices.

Fintech / Regtech

Korea to Ease Entry Rules for Corporate Credit Rating Industry

By Editors | 06/09/2024

The FSC is abolishing the requirement for FIs to hold at least a 50% stake in companies for them to provide corporate credit ratings.

Fintech / Regtech

UK Proposes to Lower Limit for APP Fraud Reimbursements

By Nithya Subramanian | 06/09/2024

The PSR has proposed to revise its December 2023 plan to reduce the reimbursement limit from GBP 415,000 to GBP 85,000.

AML / KYC

AUSTRAC Issues New Guidance on Outsourcing AML Functions

By Editors | 06/09/2024

Among other things, the guidance covers due diligence of service providers, outsourcing agreements, management and oversight, and performance monitoring.

Fintech / Regtech

Australian Government Begins Implementing New AI Policy

By Editors | 06/09/2024

DTA said it will publish a training module by early October, refresh its GenAI guidance, pilot an AI assurance framework, and develop technical standards.

Securities / Derivatives

FINRA Fines BofA & Merrill Lynch $3m for Surveillance Failures

By Nithya Subramanian | 04/09/2024

FINRA said the parameters of the surveillance systems were set too narrowly, leading to failures to detect potentially manipulative trading.

Fintech / Regtech

RBI Sets Out Five-point Agenda for Future Financial Landscape

By Ajoy K Das | 04/09/2024

RBI governor Shaktikanta Das outlined five strategic priorities, including sustainable finance, cybersecurity, and financial infrastructure.

Fintech / Regtech

New Zealand Consults on CDR for Banking, Electricity Sectors

By Sanday Chongo Kabange | 04/09/2024

The proposal would require ANZ, BNZ, ASB and Westpac to implement open banking from 1 Dec 2025 and Kiwibank from 1 Dec 2026.

Fintech / Regtech

Cambodia, Korea Launch Cross-border Payments Link

By Nithya Subramanian | 02/09/2024

Users of Korea’s Jeonbuk Bank can make payments at more than 3.3 million stores in Cambodia by scanning KHQR codes.