FINTECH / REGTECH

Crypto / Digital Assets

Fed Unveils New Supervision Programme for Banks Engaging With Crypto

By Manesh Samtani | 10/08/2023

The Fed requires banks to obtain a written notification of supervisory nonobjection before engaging in activities involving stablecoins.

AML / KYC

Cambodia to Leverage Indonesia Experience to Strengthen Non-Bank Financial Sectors 

By Editors | 10/08/2023

The MoU will help Cambodia enhance its non-bank financial services sectors, focusing on knowledge exchange and collaborative development.

Fintech / Regtech

UK Commits to Taking Forward Payments System Reforms

By Editors | 09/08/2023

The reforms will include a regulatory regime for future systemically important stablecoins used as a means of payment.

AML / KYC

OCBC Integrates Anti-Malware Feature in Mobile Banking App

By Manesh Samtani | 08/08/2023

OCBC’s digital banking app will now only work on mobile devices if their mobile apps are all downloaded from official app stores.

Fintech / Regtech

MAS Earmarks S$150m to Propel Innovation in Financial Sector

By Editors | 08/08/2023

MAS earmarked SGD 150 million for financial tech advancements, aiming to foster innovation and support the evolving fintech ecosystem.

Fintech / Regtech

EBA Issues Report on the Use of Machine Learning for IRB Models

By Manesh Samtani | 07/08/2023

The report proposes a set of principle-based recommendations to ensure the appropriate use of ML techniques by institutions in the context of IRB models.

Capital / Liquidity

BIS Paper Draws Lessons from HKMA Approach to NBFI Monitoring

By Manesh Samtani | 03/08/2023

The HKMA framework highlights how multiple data sources can be used to extract valuable information and signals for timely NBFI monitoring.

Enforcement

ASIC Warns of More Enforcements in the ‘Coming Months’

By Sanday Chongo Kabange | 03/08/2023

ASIC said it has embedded new data and analytics capabilities into its insider trading surveillance processes.

Fintech / Regtech

MAS Says Risk of ‘Herding’ from AI Use is Low

By Editors | 02/08/2023

MAS chairman Lawrence Wong addressed queries on the impact of AI on trading platforms in financial markets.