FINTECH / REGTECH

Crypto / Digital Assets

NZ Parliamentary Report Warns Against Overregulating Digital Assets

By Manesh Samtani | 21/08/2023

New Zealand does not need to urgently design and implement an integrated regulatory framework for digital assets at this time, the report says.

Capital / Liquidity

RBI Launches Digital Portal for Unclaimed Deposit Recovery

By Ranamita Chakraborty | 21/08/2023

Users can utilise the portal to locate their unclaimed deposits and subsequently choose to either claim the funds or reactivate their deposit accounts with their respective banks.

Fintech / Regtech

Bangladesh Bank Receives 52 Digital Bank Licence Applications

By Editors | 20/08/2023

The number of applications substantially exceeds projections by Bangladesh Bank, which initially intends to only grant two or three licences

Fintech / Regtech

BSP Unveils Timeline for New International Transaction Reporting System

By Editors | 18/08/2023

A soft launch of the new data collection system will be in January 2024. Full implementation is set for April 2024.

Fintech / Regtech

ASX Issues Response Plan to Ensure Delivery of CHESS Replacement

By Editors | 18/08/2023

ASX confirms its intention to have implemented all 45 recommendations from an external review by June 2024.

Enforcement

RBA Drops Plan to Ban Default Routing on Debit Cards

By Ranamita Chakraborty | 18/08/2023

A recent public consultation raised concerns that the ban could lead to unsuccessful transactions and necessitate the expensive reissuing of all debit cards.

Fintech / Regtech

China’s Non-bank Payment Sector Sees Shake-Up

By Editors | 17/08/2023

China’s third-party payment sector contracts, with prepaid card issuers exiting amid a stricter regulatory environment and dwindling business.

Fintech / Regtech

FSC Taiwan Releases Second 3-year Fintech Development Roadmap

By Editors | 17/08/2023

The first roadmap issued in 2020 has helped to shape a “friendly” fintech ecosystem and improve financial services, the FSC said.

Fintech / Regtech

Taiwan FSC Consults on AI Use Principles for Financial Industry

By Editors | 16/08/2023

The six core principles cover governance, fairness, privacy, security, transparency and sustainable development.