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Capital / Liquidity
RBI Eases Requirements for Rural Banks to Offer Internet Banking
By Editors | 08/11/2022
The net worth requirement and net NPA eligibility criteria have been relaxed, to promote the spread of digital banking for customers in rural areas.
ESG / Sustainability
Singapore Launches New Climate Finance Accelerator
By Editors | 07/11/2022
MAS, Google Cloud and KPMG launched the accelerator to channel capital toward companies with market-ready climate fintech solutions.
Fintech / Regtech
SEBI Drafts Cloud Adoption Framework for Regulated Entities
By Manesh Samtani | 06/11/2022
The framework says there are “no limitations” on the use of any cloud deployment models, but provision must only be from data centres empanelled by MeitY.
Crypto / Digital Assets
Standard Chartered to Join Partior as Founding Shareholder
By Editors | 06/11/2022
The investment will strengthen Partior’s international reach and capabilities, while also helping StanChart accelerate the deployment of blockchain tech across its own network.
Fintech / Regtech
MAS to Expand Funding Support for Financial Sector Innovation
By Editors | 06/11/2022
MAS will provide a further SGD 150 million in funding over three years to the Financial Sector Technology and Innovation scheme.
Fintech / Regtech
MAS to Cooperate with Ghana on Trade and Financial Services
By Editors | 04/11/2022
MAS will work on initiatives to generate greater opportunities for trade and financial services cooperation between Singapore and Ghana.
Fintech / Regtech
MAS Launches New Initiative to Advance Cross-Border CBDC Work
By Sanday Chongo Kabange | 04/11/2022
Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.
Fintech / Regtech
ACCC Studies Data Quality Issues in CDR Ecosystem
By Editors | 03/11/2022
The consultation is gathering views on data quality issues in the CDR ecosystem, the harms they cause, and ways to address them, including through enforcement.
Fintech / Regtech
Six Southeast Asian Fintech Associations Agree to Cooperate
By Editors | 03/11/2022
The six fintech associations are from Singapore, Cambodia, Malaysia, the Philippines, Thailand and Vietnam.
Fintech / Regtech
MAS Proposes to Eliminate Cheque Usage in Singapore
By Editors | 03/11/2022
MAS proposes that financial institutions collectively cease the issuance of new cheque books to all corporates by end-2024.
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