Fintech / Regtech

Market Infrastructure

Google Pay and India’s NIPL Ink Pact to Expand UPI Globally

By Ajoy K Das | 18/01/2024

The partnership aims to help Indian travellers make payments overseas, develop UPI-like models in foreign countries and ease cross-border remittances.

Fintech / Regtech

Malaysia Issues Exposure Draft on Currency Processing Business

By Mark Johnston | 18/01/2024

The exposure draft covers key areas such as governance, operational requirements, risk management and IT requirements for currency processors.

Fintech / Regtech

Financial Sector Urged to Develop AI Governance Frameworks

By Ranamita Chakraborty | 17/01/2024

Industry experts are calling upon the financial sector to proactively prepare for GenAI regulation, considering technological advancements and ethical considerations.

Fintech / Regtech

RBI Issues Draft Norms for Fintech SROs

By Ajoy K Das | 16/01/2024

Fintech SROs must strike a balance between facilitating innovation and implementing regulatory requirements that protect consumers and contain risks.

Fintech / Regtech

AI Tightrope: Striking the Balance Between Rapid Deployment and Safety

By Ranamita Chakraborty | 16/01/2024

Experts weigh in on safety considerations for AI deployment amid a lack of specific regulation, especially for the financial sector.

Fintech / Regtech

BIS to Study Financial Crime Detection in Retail Payments

By Editors | 15/01/2024

Project Hertha will map financial crime typologies in real-time payment systems, and build a synthetic dataset to test identification of the typologies.

Crypto / Digital Assets

BIS to Explore Tokenisation of Promissory Notes Used to Funds MDBs

By Editors | 15/01/2024

Project Promissa intends to simplify the management of the notes and provide a single source of truth for all counterparties throughout the notes’ lifecycles

Fintech / Regtech

BSP Grants Direct PhilPaSSplus Access to First Nonbank EMI

By Sanday Chongo Kabange | 12/01/2024

OmniPay’s direct access to PhilPaSSplus allows it to make efficient and low-risk funds transfers using central bank rails.

Fintech / Regtech

Two New Digital Banks Approved for Launch in Malaysia

By Manesh Samtani | 10/01/2024

Boost Bank and AEON Bank received regulatory approval to begin digital banking operations. They were two of five applicants granted licences in 2022.