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Fintech / Regtech
Capital / Liquidity
RBI Launches Digital Portal for Unclaimed Deposit Recovery
By Ranamita Chakraborty | 21/08/2023
Users can utilise the portal to locate their unclaimed deposits and subsequently choose to either claim the funds or reactivate their deposit accounts with their respective banks.
Fintech / Regtech
Bangladesh Bank Receives 52 Digital Bank Licence Applications
By Editors | 20/08/2023
The number of applications substantially exceeds projections by Bangladesh Bank, which initially intends to only grant two or three licences
Fintech / Regtech
BSP Unveils Timeline for New International Transaction Reporting System
By Editors | 18/08/2023
A soft launch of the new data collection system will be in January 2024. Full implementation is set for April 2024.
Fintech / Regtech
ASX Issues Response Plan to Ensure Delivery of CHESS Replacement
By Editors | 18/08/2023
ASX confirms its intention to have implemented all 45 recommendations from an external review by June 2024.
Enforcement
RBA Drops Plan to Ban Default Routing on Debit Cards
By Ranamita Chakraborty | 18/08/2023
A recent public consultation raised concerns that the ban could lead to unsuccessful transactions and necessitate the expensive reissuing of all debit cards.
Fintech / Regtech
China’s Non-bank Payment Sector Sees Shake-Up
By Editors | 17/08/2023
China’s third-party payment sector contracts, with prepaid card issuers exiting amid a stricter regulatory environment and dwindling business.
Fintech / Regtech
FSC Taiwan Releases Second 3-year Fintech Development Roadmap
By Editors | 17/08/2023
The first roadmap issued in 2020 has helped to shape a “friendly” fintech ecosystem and improve financial services, the FSC said.
Fintech / Regtech
Taiwan FSC Consults on AI Use Principles for Financial Industry
By Editors | 16/08/2023
The six core principles cover governance, fairness, privacy, security, transparency and sustainable development.
Fintech / Regtech
HKMA Asks Banks to Participate in New Data Sharing Initiative
By Editors | 15/08/2023
The Interbank Account Data Sharing Initiative will enable banks to share bank account data with other banks, subject to customer consent.
Fintech / Regtech
India Contemplates New Law to Regulate Big Tech
By Sanday Chongo Kabange | 15/08/2023
An MCA-led committee led will this month complete the first draft report on the need for ex-ante regulation for big tech firms via a new law.
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