FINTECH / REGTECH

    ESG / Sustainability

    Singapore to Host Platform to Unify Carbon Market Registry Data

    By Editors | 29/10/2022

    Climate Action Data Trust, or CAD Trust, will link, aggregate and harmonise all major carbon market registry data, and help with reporting under Article 6 of the Paris Agreement.

    Fintech / Regtech

    HKMA Issues Regtech Guide for Sales and Suitability Practices

    By Manesh Samtani | 28/10/2022

    The guide describes a solution to automating product due diligence and a governance tool for improving oversight of the sales advisory process.

    Fintech / Regtech

    FCA Explores Competition Risks from BigTech in Retail Financial Services

    By Editors | 27/10/2022

    The consultation focuses on Big Tech firms’ entry and expansion into four retail sectors – payments, deposit taking, consumer credit and insurance.

    AML / KYC

    NLP for Regulatory Compliance: A Question of When, Not If

    By Irene Liu | 27/10/2022

    Accenture’s Irene Liu and team discuss the use of NLP technology within compliance functions, as well as the adoption challenges and how to address them.

    Capital / Liquidity

    MAS Proposes New Rules for Crypto Firms, Stablecoin Issuers

    By Manesh Samtani | 27/10/2022

    Retail investors won’t be allowed leverage and will have to undergo a knowledge test. Stablecoin issuers will have strict rules on reserve assets and a S$1bn capital requirement.

    Crypto / Digital Assets

    BIS Innovation Hub Releases mBridge Report, Sets Out Next Steps

    By Editors | 27/10/2022

    The mBridge project team will continue working to get to a minimum viable product that can be used by early adopters next year.

    Fintech / Regtech

    GIFT City, Japan Fintech Body to Cooperate on Innovation

    By Editors | 27/10/2022

    GIFT City and the Fintech Association of Japan plan to launch a fintech accelerator and other entrepreneurial programmes.

    Crypto / Digital Assets

    Japan Credit Bureau to Develop CBDC Payments Solution

    By Editors | 26/10/2022

    JBC, IDEMIA and Soft Space plan to develop a CBDC payment solution and conduct a pilot test with Tokyo merchants.

    Fintech / Regtech

    Singapore Launches Code of Conduct for BNPL Providers

    By Editors | 26/10/2022

    BNPL customers will not be allowed to accumulate more than SGD 2,000 in outstanding payments at any given time.

    Fintech / Regtech

    Korea to “Significantly Expand” MyData Information Items

    By Editors | 25/10/2022

    The MyData service will be expanded to include information on tax payments, public pensions, loan deferrals, and more insurance data.

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