FINTECH / REGTECH

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    Crypto / Digital Assets

    ‘Standardisation’ Key to Regulating Tokenised Financial Assets 

    By Jill Wong | 22/11/2023

    The tokenisation of financial assets should be guided by regulations that emphasise the ability to predict cash flows, says Ralf Kubli of the Casper Association.

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    AML / KYC

    Malaysia SC to Launch New Anti-Scam Search Portal by Year-End

    By Editors | 20/11/2023

    By mid 2024, BNM and PayNet will also have finished building the new National Fraud Portal, a “smart system” for tracing fund movements and identifying money mules.

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    Crypto / Digital Assets

    Industry Takes Tough Stance Against Unfair Trading Practices in Crypto

    By Ranamita Chakraborty | 20/11/2023

    Panellists at the Singapore FinTech Festival said regulators can work with the industry to address unfair trading practices.

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    Fintech / Regtech

    Hong Kong Launches Pilot Programme for Multiple-CRA Model

    By Manesh Samtani | 20/11/2023

    Participating individuals can obtain consumer credit reports from three CRAs, to review the accuracy of data and assess their overall service performance.

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    Fintech / Regtech

    BIS Innovation Hub Unveils First Use Case for Project Mandala

    By Editors | 20/11/2023

    Project Mandala seeks to address disparate policy and regulatory frameworks across jurisdictions that hinder cross-border payments.

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    Fintech / Regtech

    PBOC Allows Mastercard to Launch China Card Clearing Business

    By Editors | 20/11/2023

    Mastercard is the second overseas bank card clearing institution to enter the Chinese market, after an American Express unit was granted approval in 2020.

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    Fintech / Regtech

    India’s UCO Bank Calls in Federal Investigators to Probe Payments Disruption

    By Ajoy K Das | 19/11/2023

    The CBI is being called in to investigate a possible cyber-attack or manipulation of the state-owned bank’s internal systems.

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    Market Infrastructure

    MAS Launches Payment Linkages with Malaysia, Indonesia

    By Editors | 19/11/2023

    The payment links are described as “significant milestones” to enable faster and cheaper cross-border payments and promote greater regional economic integration.

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    Big Picture

    Regulatory Intervention Needed to Address Cloud Adoption Risks: BIS Paper

    By Manesh Samtani | 18/11/2023

    Indirect oversight of CSPs, i.e. requiring financial firms to manage the risks, “may not be sufficient from a systemic perspective”, the paper says.

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    ESG / Sustainability

    MAS Launches Digital Platform to Streamline ESG Reporting

    By Editors | 17/11/2023

    The new platform will consolidate and synergise all of Project Greenprint’s existing utilities and help companies automate their ESG reporting process.

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