FINTECH / REGTECH

Fintech / Regtech

HKMA Officially Launches Commercial Data Interchange

By Sanday Chongo Kabange | 24/10/2022

The new platform will enable SMEs to get cheaper bank loans, and enable banks to access the information they need to assess creditworthiness.

Big Picture

BIS Innovation Hub, HKMA Publish Project Aurum Findings

By Editors | 24/10/2022

A two-tier prototype system was developed to test intermediated CBDC as well as stablecoins backed by CBDC in the interbank system.

Fintech / Regtech

RBI Consults on New Master Directions on IT Governance

By Sanday Chongo Kabange | 23/10/2022

Regulated entities will have to obtain source code from vendors for critical applications or ensure a software escrow agreement is in place.

Fintech / Regtech

MAS Proposes to Raise Caps Imposed on E-Wallets

By Manesh Samtani | 21/10/2022

Besides raising the caps, MAS also proposes to introduce an exemption to allow for ‘white labelling’ of e-wallet accounts.

AML / KYC

Korea to Launch National Digital ID in 2024

By Editors | 20/10/2022

An app will be used to embed blockchain-powered digital IDs into mobile devices. Government officials will not have access to stored data.

Crypto / Digital Assets

Hong Kong Leader Announces Measures to Revitalise City

By Manesh Samtani | 20/10/2022

Lee’s administration will work to speed up the implementation of mutual market access arrangements with the mainland, among other measures.

Fintech / Regtech

Singapore Establishes Inter-agency Taskforce on Ransomware

By Editors | 20/10/2022

The Counter Ransomware Task Force comprises senior government representatives from the technology, cybersecurity, financial regulation and law enforcement domains.

Fintech / Regtech

India Launches Digital Banking Units to Advance Financial Inclusion

By Editors | 19/10/2022

The units were established by 24 banks to house digital infrastructure for the delivery of digital banking products and services in self-service and assisted mode.

Fintech / Regtech

Kakao Under Probe Over Unprecedented Service Disruption

By Editors | 19/10/2022

A fire occurred at a data centre where Kakao operates 32,000 servers that support the vast majority of its mobile services.