Fintech / Regtech

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    AML / KYC

    RBI Directs Card Networks to Stop Facilitating Certain B2B Payments

    By Ajoy K Das | 19/02/2024

    Card networks should not enable businesses to use fintech players as intermediaries to make card payments to non-card accepting recipients.

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    Fintech / Regtech

    RBI Defers Effective Date of Paytm Payments Bank Restrictions

    By Editors | 18/02/2024

    The deferral is to allow customers more time to make alternative arrangements. RBI also released FAQs to clarify the impacts of the restrictions.

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    Fintech / Regtech

    India, Nepal Ink Pact to Integrate Fast Payments Systems

    By Ajoy K Das | 16/02/2024

    The RBI has agreed to interlink the UPI with its counterpart in Nepal to enable instant and lower cost cross-border remittances.

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    ESG / Sustainability

    IFC Releases AI-powered ESG Analysis Tool for Emerging Markets

    By ESG Investor | 16/02/2024

    Amundi helped to develop the tool, which was tested with New Development Bank, an export credit agency, and a capital markets regulator.

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    Fintech / Regtech

    Korea Launches “Mock” Hacking Exercise Against Banks

    By Manesh Samtani | 16/02/2024

    Unlike conventional tabletop exercises that involve pre-agreed scenarios, the exercise will involve surprise hacking attempts against banks by ‘white hat’ hackers.

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    Securities / Derivatives

    US SEC Chair Warns Companies Against ‘AI Washing’

    By Nithya Subramanian | 15/02/2024

    Gary Gensler has asked companies looking to raise money from the public to be truthful and transparent about their use of AI and the associated risks.

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    Crypto / Digital Assets

    More Clarity in Rules Key to Tokenisation of VCCs

    By Nithya Subramanian | 15/02/2024

    Tokenising VCCs provides the opportunity to drive greater operational cost efficiencies across the fund lifecycle and explore new business models.

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    Crypto / Digital Assets

    FIX Unveils 2024 Priorities for Digital Assets Markets

    By Ranamita Chakraborty | 13/02/2024

    FIX’s Digital Assets & Technology Committee will focus on integration and interoperability, regulatory guidance, and the efficient use of DLT and smart contracts.

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    Fintech / Regtech

    India Launches UPI Services in Sri Lanka and Mauritius

    By Ajoy K Das | 13/02/2024

    Mauritius is the first country outside Asia where banks will be able to issue RuPay cards, and the first African country to connect to the UPI.

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    Crypto / Digital Assets

    RBI to Enable CBDC Programmability, Offline Functionality

    By Ajoy K Das | 10/02/2024

    RBI statement also said it will introduce a new principle-based framework for the authentication of digital payment transactions.

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