FINTECH / REGTECH

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    Fintech / Regtech

    IOSCO to Develop Capacity Building Tool for Emerging Markets

    By Editors | 09/03/2023

    The so-called “MASI” tool will assist in self-assessments against the IOSCO core principles and facilitate comparisons against more developed regulatory frameworks.

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    Fintech / Regtech

    SEBI Finalises Cloud Adoption Framework for Regulated Entities

    By Sanday Chongo Kabange | 09/03/2023

    Regulated entities have one month to provide SEBI with details of the cloud services they have deployed and 12 months to ensure full compliance with the new framework.

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    Fintech / Regtech

    FIA to Form New Global Taskforce in Response to ION Outage

    By Manesh Samtani | 08/03/2023

    The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.

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    Fintech / Regtech

    South Korea Approves Amendments to Data Privacy Law

    By Editors | 08/03/2023

    The amendment introduces new rights for data subjects, such as the right to data portability, and the right to object to automated decision-making.

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    AML / KYC

    HKMA Issues New AML/CFT Guidance for Private Banks

    By Manesh Samtani | 08/03/2023

    Guidance is offered to reduce the burden on legitimate private banking customers trying to use banking services in Hong Kong.

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    Crypto / Digital Assets

    BIS Innovation Hub Nordic Centre Completes Retail CBDC Project

    By Editors | 06/03/2023

    Project Icebreaker shows that different countries can implement different CBDC solutions and still participate in a formalised interlinking arrangement to enable instant cross-currency transactions.

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    AML / KYC

    Pakistan to Launch Blockchain-based KYC Platform for Banks

    By Sanday Chongo Kabange | 04/03/2023

    Participating banks will be able to perform assessments of their customers using information available at any other bank using the new platform.

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    Crypto / Digital Assets

    RBA Selects Use Cases to be Tested in Live CBDC Pilot

    By Manesh Samtani | 03/03/2023

    ANZ is involved in four case proposals; CBA is involved in two. Mastercard and Cuscal propose to use CBDC to enable consumers to buy NFTs.

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    Fintech / Regtech

    US Banks Impose Restrictions on Use of ChatGPT

    By Editors | 01/03/2023

    JPMorgan, Citigroup, Goldman Sachs, Deutsche Bank, Wells Fargo and Bank of America are among those reported to have imposed restrictions.

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    Fintech / Regtech

    BondEvalue Approved to Operate Fractional Bond Exchange in GIFT City

    By Editors | 28/02/2023

    GIFT City members and their clients will be able to access institutional-grade USD bonds via BondbloX Exchange.

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