FINTECH / REGTECH

Fintech / Regtech

Singapore Launches Digital Banker’s Guarantees, Insurance Bonds

By Editors | 03/11/2022

Banker’s guarantees and insurance bonds historically took a few days to issue. The new digital service enables issuance and delivery to government agencies within a day.

Crypto / Digital Assets

MAS Grants Approvals to Stablecoin Issuers Paxos, Circle

By Editors | 03/11/2022

Paxos provides has its own stablecoin (USDP) and provides infrastructure for Binance Coin. Circle is the issuer of stablecoins USD Coin and Euro Coin.

Crypto / Digital Assets

BIS Innovation Hub to Explore Use of DeFi Protocols in CBDC Trades

By Editors | 03/11/2022

Project Mariana involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres, together with the Bank of France, MAS and Swiss National Bank.

Crypto / Digital Assets

First Project Guardian Pilot Completed Using DeFi Protocols

By Editors | 03/11/2022

DBS, JP Morgan and SBI Digital Asset completed the pilot. Two other pilots are being launched by StanChart, HSBC, UOB and Marketnode.

Fintech / Regtech

MAS: SGFinDex Extended to Include Data on Insurance Policies

By Editors | 03/11/2022

SGFinDex users can now digitally access and aggregate information on life, accident and health insurance policies held across different participating insurers.

Crypto / Digital Assets

Malaysia to Grant Licences to More ECF, P2P, Crypto Platforms

By Editors | 01/11/2022

A Digital Innovation Fund will also be established to co-fund innovative projects to digitalise the capital market and make it more competitive.

Fintech / Regtech

Hong Kong FSTB Issues Policy Statement on Approach to Virtual Assets

By Manesh Samtani | 31/10/2022

The SFC will be consulting on how retail investors may be given a “suitable degree of access” to virtual assets under Hong Kong’s new licensing regime.

Fintech / Regtech

Thailand Set to Launch Letter of Guarantee System for Banks

By Editors | 31/10/2022

The Bank of Thailand said the new blockchain-based system has passed its regulatory sandbox process after being tested by 18 commercial banks.

Fintech / Regtech

EU Commission Proposes New Rules on Instant Payments

By Manesh Samtani | 30/10/2022

Banks would be required to offer instant payments at the same cost as other credit transfers. Instant euro payments may later be expanded internationally.