Fintech / Regtech

Fintech / Regtech

RBI Enables Card-on-File Tokenisation at Issuer Level

By Ajoy K Das | 22/12/2023

Token generation by card issuing banks and institutions will be possible with cardholder consent and AFA validation.

Fintech / Regtech

HKMA Announces Launch Date for Bank Account Data Sharing Pilot

By Editors | 22/12/2023

The IADS pilot programme will commence on 1 January 2024 with the participation of 28 banks, covering deposit account information.

Fintech / Regtech

Singaporeans Open to GenAI, but Concerned About Data Security

By Nithya Subramanian | 21/12/2023

A robust and effective data governance strategy will be crucial for banks to ensure responsible use of AI, said Kanv Pandit of FIS.

Fintech / Regtech

Data Protection Rules in China: An Ongoing Cycle of Reinvention

By Jingyuan Shi | 21/12/2023

Jingyuan Shi discusses China’s changing rules on cross-border data transfer and examines the extra-territorial implications.

Crypto / Digital Assets

UK to Launch Digital Securities Sandbox on 8 Jan 2024

By Editors | 20/12/2023

The sandbox will allow FMIs to test the use of new technology including DLT to operate trading venues and perform CSD activities.

Fintech / Regtech

BSP Retains Moratorium on InstaPay and PESONet Fee Increases

By Sanday Chongo Kabange | 20/12/2023

The moratorium will remain in place as the BSP works to eliminate fees entirely for small e-payment transactions.

Fintech / Regtech

FSS Korea Targets Third-Party Risk Management With New Guidance

By Mark Johnston | 20/12/2023

The FSS has issued guidance to improve third-party risk management at firms that provide financial services electronically.

Fintech / Regtech

Japan, Cambodia Agree to Establish Cross-border QR Payment Link

By Editors | 19/12/2023

Japan’s METI and Cambodia’s central bank signed an MoC establishing a framework to cooperate on cross-border payment systems using QR Code technology.

AML / KYC

HKMA Fines SVF Licensee TNG for AML Compliance Failures

By Sanday Chongo Kabange | 19/12/2023

The HKMA said TNG had no audit trail from MLRO reviews and did not take appropriate steps to assess whether STRs should be filed.