Fintech / Regtech

AML / KYC

Taiwan FSC Issues New Digital Identity Verification Guidelines

By Editors | 27/10/2023

The guidelines will make it easier for financial institutions to implement new identity verification mechanisms and scenarios.

ESG / Sustainability

Hong Kong’s Chief Unveils Series of Measures to Boost City

By Manesh Samtani | 26/10/2023

Stamp duties on property purchases and securities transactions were reduced. A new fund distribution platform will be developed.

Fintech / Regtech

AI-based SupTech Can Improve Market Integrity: Study

By Manesh Samtani | 25/10/2023

The study highlights the benefits of using AI-based SupTech to improve market integrity, detect misconduct and forecast crises.

Fintech / Regtech

Bangladesh Grants In-principle Approval for Launch of 8 Digital Banks

By Ajoy K Das | 25/10/2023

Bangladesh Bank hopes that the introduction of digital banks will increase efficiency in the banking sector, and develop the country’s digital economy and infrastructure.

AML / KYC

MAS, IMDA Propose Loss Sharing Framework for Phishing Scams

By Manesh Samtani | 25/10/2023

The framework assigns FIs and telcos duties to mitigate phishing scams, requiring them to bear full losses where these duties are breached.

Crypto / Digital Assets

Asia Braces for Wave of AI Regulations

By Blake Evans-Pritchard | 25/10/2023

The EU AI Act is likely to have far-reaching consequences for Asia, data experts tell Regulation Asia.

Fintech / Regtech

Australian Fintech Consortium Launches Solution to Tackle Verification and Identity Theft

By Mark Johnston | 25/10/2023

AP+ launches ConnectID, a service that lets customers verify their identity without oversharing their data, becoming the first non-government accredited […]

AML / KYC

Wolfsberg Group Updates Payment Transparency Standards

By Editors | 25/10/2023

The updated Standards support the use of the LEI in global payments, which GLEIF welcomed as a “strong endorsement”.

Fintech / Regtech

Europol Explores How Quantum Computing Will Impact Law Enforcement

By Mark Johnston | 24/10/2023

Europol report says law enforcement agencies need to build up their knowledge and transition to post-quantum cryptography.