Fintech / Regtech

AML / KYC

HKMA to Explore Regulatory Changes to Promote Bond Tokenisation

By Sanday Chongo Kabange | 26/08/2023

The report suggests new requirements could be introduced for DLT platforms, covering areas from KYC and AML compliance to BCPs and cyber risk assessments.

Fintech / Regtech

China Allows New Accounting Treatment of Data Resources

By Editors | 24/08/2023

Under the new rules, companies will be able to classify their data as intangible assets. Data held for sale can be recognised as inventories.

Crypto / Digital Assets

RBA Completes CBDC Research Project, Issues Findings

By Sanday Chongo Kabange | 24/08/2023

The project highlighted areas where a CBDC could enhance the payments system, but also raised a number of legal and regulatory issues.

Fintech / Regtech

How AI Can Combat Financial Crime

By Ranamita Chakraborty | 24/08/2023

Industry experts tell Regulation Asia how the financial sector’s battle against sophisticated financial crimes has led to a greater reliance on artificial intelligence (AI) to detect fraud and maintain customer trust.

Fintech / Regtech

Swift Achieves FSB Speed Target for Cross Border Payments

By Editors | 23/08/2023

89% of transactions processed on the Swift network now reach recipient banks within one hour. The FSB target was 75% by 2027.

Fintech / Regtech

BCG Explores the Potential of Generative AI for Finance

By Mark Johnston | 22/08/2023

BCG says CFOs should embrace generative AI “immediately” and remove any obstacles to adoption in their departments.

Market Infrastructure

Indonesia, Singapore Start QR Payment Interconnection Trial

By Sanday Chongo Kabange | 21/08/2023

The QR payment linkage between Indonesia and Singapore is expected to officially launch within H2 2023 after the completion of the trials.

Fintech / Regtech

Cambodia, Laos Launch Cross-border QR Payment Link

By Editors | 21/08/2023

A second phase of the cross-border payments link between Cambodia and Laos is expected to launch in Q4 2023.

Crypto / Digital Assets

NZ Parliamentary Report Warns Against Overregulating Digital Assets

By Manesh Samtani | 21/08/2023

New Zealand does not need to urgently design and implement an integrated regulatory framework for digital assets at this time, the report says.