Fintech / Regtech

Fintech / Regtech

China Issues Regulations for Revised State Secrets Law

By Editors | 24/07/2024

Among other things, the regulations promise rewards for those who report information leaks or the illegal acquisition of state secrets.

Fintech / Regtech

HKMA Publishes RegTech Bulletin on Best Execution Services

By Manesh Samtani | 24/07/2024

The bulletin says best execution services can be particularly helpful for exotic instruments, which often don’t have sufficient pricing information.

Fintech / Regtech

India Launches Digital Payments Wallet for Inbound Travellers

By Ajoy K Das | 24/07/2024

The ‘UPI One World’ wallet is a prepaid payment instrument enabling visitors to India to make cashless payments across the country.

Fintech / Regtech

US, European Competition Regulators Sign AI Agreement

By Nithya Subramanian | 24/07/2024

Given the rapid growth of AI, authorities will work to ensure effective competition as well as fair and honest treatment of consumers and businesses.

Fintech / Regtech

RBI Flags Concerns Over Digital Fraud, Outsourcing Risks

By Ajoy K Das | 24/07/2024

RBI governor Shaktikanta Das called on banks to strengthen customer onboarding and transaction monitoring to address digital fraud.

Fintech / Regtech

APRA Issues Final Version of Digital Prudential Handbook

By Sanday Chongo Kabange | 24/07/2024

The handbook brings together all of APRA’s prudential standards, prudential practice guides and relevant supporting information in one place.

Fintech / Regtech

Korea to Allow Sale of Pension Products That Use AI

By Editors | 23/07/2024

Firms that passed a review can apply for designation as “innovation financial services” in September and sell AI-driven pension products online in December.

Fintech / Regtech

Cambodia to Allow Tourists to Use Bakong Payment App

By Nithya Subramanian | 23/07/2024

Tourists visiting Cambodia will be able to download the Bakong app and use a credit card from their home country to top up the wallet.

Fintech / Regtech

Taiwan Issues ‘Zero Trust’ Cybersecurity Guidelines for FIs

By Manesh Samtani | 23/07/2024

The guidelines call for FIs to adopt ‘zero trust’ architecture, prioritising the introduction of additional cybersecurity control measures in higher risk areas.