Fintech / Regtech

Market Infrastructure

FSB Finalises Recommendations on Cross-border Payments

By Manesh Samtani | 13/12/2024

The recommendations aim to promote global alignment in legal, regulatory and data frameworks relevant to cross-border payments.

Fintech / Regtech

New Zealand FMA to Launch Regulatory Sandbox Pilot in 2025

By Editors | 12/12/2024

The FMA is inviting expressions of interest from firms interested in joining the sandbox pilot, which will run from January to July 2025.

AML / KYC

AUSTRAC Gifts TAIPAN Technology System to PNG’s FIU

By Thisanka Siripala | 12/12/2024

AUSTRAC has now delivered TAIPAN to ten FIUs across the Pacific, enabling them to identify suspicious financial patterns indicative of illicit activity.

Fintech / Regtech

RBI to Form Dedicated Committee to Develop Framework for AI

By Editors | 11/12/2024

The committee of experts shall recommend a “robust, comprehensive, and adaptable AI framework” for the financial sector, the RBI said.

Enforcement

US Regulator Places Google Payment Corp Under Supervision

By Thisanka Siripala | 11/12/2024

Google Payment Corp says the consumer complaints cited by the CFPB are based on a discontinued service that no longer poses a risk.

Capital / Liquidity

RBNZ Publishes Results of ‘Digital Cash’ Consultation

By Sanday Chongo Kabange | 11/12/2024

If ‘digital cash’ is introduced, the earliest it would be is 2030. The RBNZ confirmed that issuing physical cash would remain a priority.

Fintech / Regtech

BSP Extends Cyber Risk Management Software to All Banks, VASPs

By Sanday Chongo Kabange | 10/12/2024

The BSP said it is expanding the use of its cyber risk management software known as ASTERisC* to all banks and VASPs.

Fintech / Regtech

HKAB Still Exploring Ways to Phase Out Cheque Use – Report

By Editors | 10/12/2024

The association is studying ten industries that still heavily rely on cheques, including the stockbroking, auditing and insurance industries.

Securities / Derivatives

TSE Connects ETF Platform to Bloomberg Execution Platform

By Editors | 10/12/2024

The Tokyo Stock Exchange said the connection will enable global investors to more easily access and trade Japan-listed ETFs.