FINTECH / REGTECH

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    Fintech / Regtech

    RBI Calls on Fintech Industry to Establish Self-Regulatory Body

    By Editors | 07/09/2023

    The RBI’s Shaktikanta Das and T Rabi Sankar said an SRO would be the best way to regulate the fintech industry and establish best practice standards.

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    Fintech / Regtech

    SGX Gains Connectivity to FIA Tech’s Trade Data Network 

    By Editors | 07/09/2023

    The new connectivity will give SGX members greater transparency into their trade give up/ take in process.

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    AML / KYC

    FSS Inspections Find AML Deficiencies at Korean e-Payments Firms

    By Editors | 06/09/2023

    The FSS said management awareness of AML work within electronic financial businesses is low; internal controls and risk assessments are deficient.

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    Fintech / Regtech

    UK House of Commons Report Calls for Dedicated Bill on AI Governance

    By Manesh Samtani | 06/09/2023

    Key committee outlines 12 challenges related to AI governance, calls for the introduction of a “tightly-focused” AI Bill in the next King’s Speech.

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    Fintech / Regtech

    Trade Bodies Call on Industries to Adopt eBL Declaration

    By Editors | 06/09/2023

    The declaration signals a commitment to collaborate on digitalisation and adopt eBLs, which will enable faster transactions, cost savings, and lowered fraud risks.

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    Fintech / Regtech

    Australia Consults on Feasibility of ‘Screen Scraping’ Ban

    By Editors | 06/09/2023

    New discussion paper seeks views on a recommendation to ban screen scraping in situations where the CDR is a viable alternative.

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    Capital / Liquidity

    FSB Warns of ‘Further Shocks’ in G20 Progress Update

    By Manesh Samtani | 06/09/2023

    The update also discusses the FSB’s work to address NBFI risks, implement its recommendations on crypto regulations, and respond to climate-related risks.

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    Fintech / Regtech

    SEBI Plans to Move to One-Hour Stock Settlement Cycle

    By Editors | 06/09/2023

    India just completed a move from T+2 to T+1 settlement in January. Reportedly, implementation of one-hour settlement is likely by March 2024.

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    Fintech / Regtech

    RBI Permits Banks to Use UPI With Credit Lines

    By Sanday Chongo Kabange | 05/09/2023

    Scheduled commercial banks can now transfer funds to and from credit lines through the UPI system.

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    Crypto / Digital Assets

    LSEG to Push Forward Plans to Develop Digital Markets Business

    By Editors | 05/09/2023

    LSEG has been exploring a possible blockchain-powered trading venue for about a year and has now reached an “inflection point”.

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