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FINTECH / REGTECH
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.
AML / KYC
Singapore: New Bill Introduced to Facilitate Introduction of COSMIC
By Manesh Samtani | 21/03/2023
The Bill provides FIs statutory protection from civil liability in respect of their disclosure of risk information on to COSMIC for the purposes of mitigating ML, TF and PF risks.
Crypto / Digital Assets
Flagstar Bank to Assume Signature Bank Deposits, FDIC Says
By Editors | 21/03/2023
The New York Community Bancorp subsidiary will assume “substantially all” the deposits of Signature Bank and buy $12.9bn of its loans at a discount.
Crypto / Digital Assets
Ripple’s Rahul Advani Discusses Regulatory Landscape for Digital Assets
By Editors | 20/03/2023
Rahul Advani, Policy Director for APAC at Ripple, discusses the regulatory landscape for digital assets and the potential for a globally harmonised framework.
Fintech / Regtech
India, UAE To Collaborate on Building CBDC Bridge
By Editors | 16/03/2023
The RBI and CBUAE will conduct PoC and pilots on a bilateral bridge to facilitate cross-border CBDC transactions.
Fintech / Regtech
More TSE Companies Disclosing Earnings Reports in HTML Format
By Editors | 16/03/2023
Over 2,400 companies listed on the Tokyo bourse have voluntarily disclosed their earnings reports in HTML format.
Enforcement
Swedbank Fined for IT Incident Which Impacted 1m Customers
By Editors | 16/03/2023
Swedbank made a change to a business-critical IT system without following its internal procedures and processes.
Fintech / Regtech
US Announces July Launch Date for FedNow Service
By Editors | 16/03/2023
The Federal Reserve said it will begin the formal certification of participants for launch of the FedNow Service in the first week of April.
Fintech / Regtech
DTCC Offers New Tool to Facilitate LIBOR Transition
By Editors | 16/03/2023
Widespread usage of the tool will be “an important component to help ensure a successful transition,” said Tom Wipf, who chairs the ARRC.
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