FINTECH / REGTECH

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    Fintech / Regtech

    US Agencies Pledge to Combat Harmful Uses of AI

    By Editors | 30/04/2023

    Four agencies reaffirmed their commitment to “vigorously enforce their collective authorities and to monitor the development and use of automated systems.”

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    Crypto / Digital Assets

    China to Start Using CBDC in Cross-Border Trade

    By Sanday Chongo Kabange | 28/04/2023

    Xuzhou will use the e-CNY for payment of Belt and Road trade costs; Changshu City will use it to pay civil servants.

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    Fintech / Regtech

    Japan: Reforms Needed to Boost Digital Green Bond Market

    By Editors | 28/04/2023

    Expert panel finds that the technology used in JPX’s digitally tracked green bond has other applications, but some challenges need to be addressed first.

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    Fintech / Regtech

    Thailand to Defer Publication of Virtual Banks Framework

    By Editors | 28/04/2023

    The BOT said it received “helpful” consultative feedback and now needs more time to clarify the licensing conditions and produce an application manual.

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    AML / KYC

    BSP Issues Guidance on Effective Transaction Monitoring

    By Sanday Chongo Kabange | 27/04/2023

    The guidance calls on regulated financial institutions to bolster their TM systems, highlighting the importance of board of senior management involvement.

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    AML / KYC

    US Treasury Sets Out Strategy to Address De-risking

    By Editors | 26/04/2023

    Regulations could be introduced to require FIs to take financial inclusion into consideration in the design of their AML/CFT programmes.

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    Fintech / Regtech

    HKMA, PBOC Explore Use of CBDC for Cross-border Payments

    By Editors | 26/04/2023

    HKMA deputy chief Darryl Chan said there is scope to expand the Wealth Management Connect scheme and use CDI data for cross-border finance.

    AML / KYC

    Crypto Industry Needs ‘Unified Approach’ to Travel Rule Compliance

    By Manesh Samtani | 25/04/2023

    A new report from Notabene offers insight into how prepared crypto firms are for upcoming regulatory deadlines relating to the Travel Rule.

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    Securities / Derivatives

    Taiwan to Strengthen Supervision on the Use of Robo-Advisers

    By Editors | 24/04/2023

    The maximum fine for malpractice at securities companies will be raised from TWD 3.6 million currently to TWD 15 million.

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    Fintech / Regtech

    FSC Korea Enhances Fintech Sandbox Programme

    By Editors | 24/04/2023

    Moving forward, the FSC will be recruiting D-Testbed participants twice a year instead of once.

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