Fintech / Regtech

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    AML / KYC

    MAS, IMDA Propose Loss Sharing Framework for Phishing Scams

    By Manesh Samtani | 25/10/2023

    The framework assigns FIs and telcos duties to mitigate phishing scams, requiring them to bear full losses where these duties are breached.

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    Crypto / Digital Assets

    Asia Braces for Wave of AI Regulations

    By Blake Evans-Pritchard | 25/10/2023

    The EU AI Act is likely to have far-reaching consequences for Asia, data experts tell Regulation Asia.

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    Fintech / Regtech

    Australian Fintech Consortium Launches Solution to Tackle Verification and Identity Theft

    By Mark Johnston | 25/10/2023

    AP+ launches ConnectID, a service that lets customers verify their identity without oversharing their data, becoming the first non-government accredited […]

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    AML / KYC

    Wolfsberg Group Updates Payment Transparency Standards

    By Editors | 25/10/2023

    The updated Standards support the use of the LEI in global payments, which GLEIF welcomed as a “strong endorsement”.

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    Fintech / Regtech

    Europol Explores How Quantum Computing Will Impact Law Enforcement

    By Mark Johnston | 24/10/2023

    Europol report says law enforcement agencies need to build up their knowledge and transition to post-quantum cryptography.

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    Fintech / Regtech

    US CFPB Proposes Rule to Implement Open Banking

    By Editors | 23/10/2023

    The CFPB says the proposed rule would allow consumers to “break up” with banks that provide bad service and forbid companies from misusing personal financial data.

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    Crypto / Digital Assets

    HKMA Establishes New CBDC Expert Group

    By Editors | 23/10/2023

    The Expert Group comprises faculty members of five local universities, who will support the HKMA’s exploration of key policy and technical issues surrounding CBDC.

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    Fintech / Regtech

    Google to Set Up Global Fintech Headquarters in India’s GIFT City

    By Mark Johnston | 20/10/2023

    Google will set up its global fintech headquarters in GIFT City and invest $10bn in India’s digitisation fund.

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    Fintech / Regtech

    Taiwan FSC Issues New Guidelines for P2P Lending Platforms

    By Editors | 20/10/2023

    P2P platform operators have to implement six risk control mechanisms, including a real-name account system and arrangements for segregating customer funds.

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    Capital / Liquidity

    RBNZ to Amend ESAS Access Policy, Eligibility Criteria

    By Editors | 20/10/2023

    RBNZ consultation revealed “considerable demand” for access to ESAS by non-banks for payments and settlements, access to HQLA, and interest income.

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