Fintech / Regtech

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    Sanctions

    BIS Announces Decision to Exit mBridge CBDC Project

    By Editors | 03/11/2024

    Agustín Carstens said BIS is not leaving mBridge because of political considerations but instead because it is “at a level where the partners can carry it on by themselves.”

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    Fintech / Regtech

    BOE Flags Potential Risks of GenAI for Financial Sector

    By Thisanka Siripala | 01/11/2024

    BOE’s Sarah Breeden suggested that stress tests be conducted to determine whether AI models could amplify market shocks.

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    Fintech / Regtech

    China Launches New Credit Information Sharing Platform

    By Manesh Samtani | 31/10/2024

    The platform supplies information about SMEs to lenders to support pre-loan review, loan evaluation and post-loan management processes.

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    AML / KYC

    Addressing Non-Latin Script Challenges in Name Screening and AML

    By Bradley Maclean | 31/10/2024

    As global financial crime becomes more complex, companies like Aereve are pioneering technologies to reduce false positives, enhance compliance, and mitigate risks.

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    Crypto / Digital Assets

    Hong Kong’s ZA Bank Starts Trials for New Crypto Trading Service

    By Sanday Chongo Kabange | 30/10/2024

    ZA Bank CEO Ronald Iu said the trial demonstrates the digital bank’s commitment to supporting the wider development of virtual assets in Hong Kong.

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    Fintech / Regtech

    MAS Establishes New Entity to Drive Next Phase of FinTech Growth

    By Editors | 30/10/2024

    MAS said the “Global Finance & Technology Network” will drive greater synergies within the global finance and technology communities for innovations in financial services.

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    Fintech / Regtech

    ASIC Says Governance Arrangements are Lagging AI Adoption

    By Sanday Chongo Kabange | 30/10/2024

    ASIC Chair Joe Longo said must consider their existing obligations and duties and avoid simply waiting for AI laws and regulations to be introduced.

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    Market Infrastructure

    SFC, Exchanges See Blockchain as New Capital Market Backbone

    By Georgina Lee | 30/10/2024

    Hong Kong now looking at commercialising tokenised instruments to help address the pain points of the traditional financial market, said the SFC’s Elizabeth Wong.

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    Fintech / Regtech

    HKMA Launches New Platform to Boost Fintech Collaboration

    By Sanday Chongo Kabange | 30/10/2024

    The “Fintech Connect” platform will help banks discover innovative solutions developed and offered by fintech solution providers.

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    Crypto / Digital Assets

    BIS and APAC Central Banks Release Results of Project Mandala

    By Sanday Chongo Kabange | 29/10/2024

    Project Mandala demonstrated that jurisdiction-specific regulatory requirements can be embedded in cross-border transaction protocols.

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