FINTECH / REGTECH

Crypto / Digital Assets

MAS Establishes Project Guardian Policymaker Group

By Editors | 30/10/2023

MAS will work with Japan’s FSA, the UK’s FCA and Switzerland’s FINMA to advance the development of tokenised digital assets.

Crypto / Digital Assets

HKMA Unveils Findings from 1st Phase of e-HKD Pilot

By Manesh Samtani | 30/10/2023

Another pilot will take place next year, potentially exploring corporate payments, cross-border payments, and blockchain interoperability.

Crypto / Digital Assets

BIS Publishes Design Guide for Offline CBDC Payments

By Editors | 30/10/2023

The report says the complexity of developing offline payment capabilities for CBDC systems means some challenges and trade-offs cannot be solved easily.

Fintech / Regtech

RBI Releases Draft Master Directions on Managing Outsourcing Risks

By Ajoy K Das | 27/10/2023

The draft makes clear that regulated entities may not outsource core management functions, such as decision-making functions like loan approvals.

Fintech / Regtech

BSP Set to Launch Pilot Testing for New ITRS

By Sanday Chongo Kabange | 27/10/2023

The BSP has started sending banks XML schema definitions for its new International Transactions Reporting System.

AML / KYC

Taiwan FSC Issues New Digital Identity Verification Guidelines

By Editors | 27/10/2023

The guidelines will make it easier for financial institutions to implement new identity verification mechanisms and scenarios.

ESG / Sustainability

Hong Kong’s Chief Unveils Series of Measures to Boost City

By Manesh Samtani | 26/10/2023

Stamp duties on property purchases and securities transactions were reduced. A new fund distribution platform will be developed.

Fintech / Regtech

AI-based SupTech Can Improve Market Integrity: Study

By Manesh Samtani | 25/10/2023

The study highlights the benefits of using AI-based SupTech to improve market integrity, detect misconduct and forecast crises.

Fintech / Regtech

Bangladesh Grants In-principle Approval for Launch of 8 Digital Banks

By Ajoy K Das | 25/10/2023

Bangladesh Bank hopes that the introduction of digital banks will increase efficiency in the banking sector, and develop the country’s digital economy and infrastructure.