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Fintech / Regtech
Fintech / Regtech
US CFPB Proposes Rule to Implement Open Banking
By Editors | 23/10/2023
The CFPB says the proposed rule would allow consumers to “break up” with banks that provide bad service and forbid companies from misusing personal financial data.
Crypto / Digital Assets
HKMA Establishes New CBDC Expert Group
By Editors | 23/10/2023
The Expert Group comprises faculty members of five local universities, who will support the HKMA’s exploration of key policy and technical issues surrounding CBDC.
Fintech / Regtech
Google to Set Up Global Fintech Headquarters in India’s GIFT City
By Mark Johnston | 20/10/2023
Google will set up its global fintech headquarters in GIFT City and invest $10bn in India’s digitisation fund.
Fintech / Regtech
Taiwan FSC Issues New Guidelines for P2P Lending Platforms
By Editors | 20/10/2023
P2P platform operators have to implement six risk control mechanisms, including a real-name account system and arrangements for segregating customer funds.
Capital / Liquidity
RBNZ to Amend ESAS Access Policy, Eligibility Criteria
By Editors | 20/10/2023
RBNZ consultation revealed “considerable demand” for access to ESAS by non-banks for payments and settlements, access to HQLA, and interest income.
Crypto / Digital Assets
DTCC to Build Infrastructure to Support Adoption of Digital Assets
By Mark Johnston | 20/10/2023
DTCC is acquiring digital asset technology provider Securrency; will offer new blockchain-based products and “unlock the power of institutional DeFi”.
Fintech / Regtech
China Unveils Global AI Governance Initiative at Belt and Road Forum
By Editors | 20/10/2023
The initiative emphasises equal rights for all countries and regions in the development and governance of AI technologies.
Fintech / Regtech
India to Add More Banks to Singapore Payments Linkage – Report
By Sanday Chongo Kabange | 19/10/2023
India and Singapore are planning to expand the number of Indian banks participating in the PayNow-UPI linkage launched in February.
AML / KYC
Singapore Prosecutors Establish Technology and Crypto Crime Task Forces
By Editors | 19/10/2023
Singapore’s Attorney General’s Chambers has established a Technology Crime Task Force and Virtual Currency Task Force.
Fintech / Regtech
MAS to Cooperate with Saudi Central Bank on Fintech
By Editors | 19/10/2023
MAS and SAMA will enable cooperation between their innovation departments and share information regarding fintech.
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