FINTECH / REGTECH

Fintech / Regtech

UK Promises ‘Adaptable Approach’ to Regulating AI

By Sanday Chongo Kabange | 29/03/2023

Five principles will guide the use of artificial intelligence in the UK. In future, a statutory duty may require regulators to have due regard to the principles.

Market Infrastructure

CPMI Calls for Action to Boost PvP Adoption in FX Trades

By Editors | 29/03/2023

CPMI proposes steps private and public sector stakeholders can take to foster greater PvP adoption in FX trades to reduce settlement risk.

Fintech / Regtech

SFC Consults on Subsidiary Legislation for Paperless Securities

By Editors | 27/03/2023

The subsidiary legislation covers operational and technical matters and the introduction of a more robust regulatory regime for securities registrars.

Fintech / Regtech

SWIFT Pilots Blockchain Solution to Tackle Corporate Actions Frictions

By Editors | 27/03/2023

The solution demonstrated the potential to reduce manual effort and errors in corporate action processing and deliver operational efficiencies.

Fintech / Regtech

ESMA Goes Live With New DLT Pilot Regime

By Editors | 23/03/2023

Firms can apply for permission to operate DLT-based market infrastructures and receive exemptions from the MiFIR, MiFID II and CSDR.

Fintech / Regtech

BIS Innovation Hub Completes Project Nexus Proof-of-Concept

By Editors | 23/03/2023

The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia, Malaysia, Philippines and Thailand.

Fintech / Regtech

Korea to Launch Online Deposit Product Brokerage Service in June

By Editors | 23/03/2023

The service will allow consumers to compare and receive recommendations for deposit products from various FIs.

Fintech / Regtech

Hong Kong’s Fusion Bank Launches Business Banking Services

By Sanday Chongo Kabange | 23/03/2023

Fusion Bank promises SMEs a “hassle-free” account opening experience and a six month exemption on fees for new accounts.

Crypto / Digital Assets

Mastercard Working on Integration to Enable Stablecoin Spending

By Sanday Chongo Kabange | 21/03/2023

The Mastercard-Stables project will allow users to spend stablecoin balances on everyday purchases without first converting it to fiat.