Fintech / Regtech

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    Big Picture

    HKMA Highlights Power of AI to Mitigate Greenwashing Risk

    By Manesh Samtani | 28/08/2024

    HKMA published a bulletin offering guidance to FIs on the use of AI-powered ESG tools to help manage climate greenwashing risk.

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    Fintech / Regtech

    Korea: FSC Chairman Pledges Support for AI Initiatives

    By Editors | 28/08/2024

    Kim Byoung-hwan said regulations will be relaxed to ensure the financial sector leads Korea’s push to become a top-three global leader in AI.

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    Fintech / Regtech

    Westpac to Expand Anti-Scam Feature to Institutional Clients

    By Sanday Chongo Kabange | 28/08/2024

    Westpac’s institutional and government clients will be able to run a check on payee details before making payments.

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    Fintech / Regtech

    CBA, BNY Enable Real-Time Cross-Border Payments

    By Sanday Chongo Kabange | 27/08/2024

    The new arrangement enables the AUD leg of inbound cross-border payments to be processed in under a minute.

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    Fintech / Regtech

    HKMA Announces New Data Linkage to Boost SME Finance

    By Sanday Chongo Kabange | 27/08/2024

    Banks can access information on SMEs from Hong Kong’s Companies Registry via HKMA’s CDI platform.

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    Fintech / Regtech

    Cambodia Launches Bakong App for International Travellers

    By Nithya Subramanian | 27/08/2024

    The Bakong Tourists App is expected to help promote tourism while also encouraging greater use of the local currency.

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    Fintech / Regtech

    Five Groups Seeking Virtual Bank Licence in Thailand – Reports

    By Editors | 27/08/2024

    The applicants reportedly include a joint venture between Siam Commercial Bank, China’s WeBank and Korea’s KakaoBank.

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    AML / KYC

    Taiwan Banks to Allow Companies to Open Accounts Digitally

    By Editors | 26/08/2024

    The FSC said banks should allow “all types” of non-individual clients to open digital deposit accounts, provided appropriate verification, controls and monitoring are in place.

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    Fintech / Regtech

    Switzerland Introduces Instant Payments for Major Banks

    By Ranamita Chakraborty | 26/08/2024

    The SNB and SIX said instant payments will likely form the basis for further innovation in payment transactions moving forward.

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    Fintech / Regtech

    OJK Indonesia Launches Digital Resilience Guide for Banks

    By Nithya Subramanian | 26/08/2024

    The guide addresses key aspects of business continuity, disruption management, and consumer protection in the evolving digital landscape.

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