Fintech / Regtech

Fintech / Regtech

FSC Korea Unveils Rule Changes Targeting Cyber Resilience

By Editors | 04/02/2024

The revisions will make the existing rules simpler and less prescriptive, allowing financial firms more room to make decisions autonomously.

Fintech / Regtech

Taiwan QR Mobile Payment Service Now Available in Korea

By Editors | 01/02/2024

Taiwan travelers with electronic wallets linked to any of 13 financial institutions can pay South Korean merchants by scanning their TWQR code.

ESG / Sustainability

New Climate Risk Data Platform for FIs Goes Live in Taiwan

By Editors | 01/02/2024

The FSC said the platform will help FIs in developing models, disclosing information, conducting scenario analysis, and performing stress tests.

Fintech / Regtech

RBI Issues Directive on Streamlining Internal Compliance Monitoring

By Ajoy K Das | 01/02/2024

A review found that internal compliance monitoring is still carried out with “significant manual intervention”.

Fintech / Regtech

Reforms Needed to Better Regulate AI: ASIC Chair

By Manesh Samtani | 01/02/2024

ASIC is conducting a review into the use of AI in the banking, credit, insurance, and advice sectors to better understand use cases and impacts to consumers.

Crypto / Digital Assets

New Digital Assets Association Launches in Singapore

By Ranamita Chakraborty | 01/02/2024

The association will engage with regulators on behalf of the digital assets community through a regulatory sub-committee.

Crypto / Digital Assets

UAE Completes First Cross-border Payment Using CBDC

By Editors | 31/01/2024

The transaction was sent to China through the “mBridge” platform, developed by the BIS Innovation Hub, HKMA, CBUAE, BOT, and PBOC.

Big Picture

BIS Research Reveals Role of Public Perception in Stablecoin Values

By Ranamita Chakraborty | 31/01/2024

New paper examines how public information shapes coordination risk among stablecoin holders in relation to their beliefs about peg stability.

Fintech / Regtech

HKMA, BOT to Enhance Cross-border Collaboration

By Sanday Chongo Kabange | 31/01/2024

HKMA and BOT will explore the use of local currencies in cross-border trade and collaboration in financial digitalisation, fintech, and sustainable finance.