FINTECH / REGTECH

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    AML / KYC

    HKMA to Scale Up AML Efforts in 2023: Carmen Chu

    By Bradley Maclean | 04/01/2023

    Executive Director Carmen Chu discusses the actions the HKMA is taking to disrupt AML threats to Hong Kong, and technology initiatives that are making a difference.

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    Enforcement

    CSRC Bars Two Online Brokers from Onboarding Mainland Investors

    By Editors | 04/01/2023

    Futu Holdings and Tiger Brokers have been offering offshore trading services to mainland clients though they are not licensed in China.

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    Fintech / Regtech

    BNM Finalises New Rules for Electronic Money Issuers

    By Editors | 03/01/2023

    E-money issuers with more than 500,000 active users are subject to stricter governance, business continuity management and technology risk management requirements.

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    Fintech / Regtech

    Shanghai Bourse Launches New Trading Supervision System

    By Editors | 03/01/2023

    The new system can process more than 500,000 transactions per second in real-time. New issuance underwriting and offline IPO systems also launched.

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    Fintech / Regtech

    Hong Kong Consults on Crowdfunding Regulatory Regime 

    By Sanday Chongo Kabange | 03/01/2023

    A Crowdfunding Affairs Office will be set up to centrally process and coordinate regulatory and administrative matters related to crowdfunding activities.

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    Fintech / Regtech

    Korea FSC to Revise Rules to Mitigate IT Security Risks

    By Manesh Samtani | 02/01/2023

    On-site inspection will be initiated “immediately” in the event that financial services are interrupted for more than three hours due to a computer accident.

    Fintech / Regtech

    InvestHK Launches Platform to Promote Fintech Development

    By Editors | 30/12/2022

    The ‘FintechHK Community Platform’ allows users from fintechs, corporates, investors, and service providers to connect with one another.

    Fintech / Regtech

    Korea to Enhance KCIS Data to Facilitate SME Lending

    By Editors | 28/12/2022

    More granular information on SMEs will be added to the public credit registry. Additional measures will enhance competition in the credit rating market.

    Fintech / Regtech

    EU Commission Approves Pilot Use Cases for Digital ID Wallet

    By Editors | 27/12/2022

    The approved pilots cover payments, travel, and business compatibility. The EU Digital Identity Wallet is expected to go live in 2024.

    Fintech / Regtech

    APRA Grants Full ADI Licence to Alex Bank

    By Editors | 26/12/2022

    The full ADI licence was granted 18 months after Alex Bank received its restricted ADI licence in July 2021.

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