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Crypto / Digital Assets
BIS Innovation Hub Nordic Centre Launches Retail CBDC Project
By Editors | 30/09/2022
The central banks of Israel, Norway and Sweden will develop a “hub” to which they will connect their domestic proof-of-concept CBDC systems.
Fintech / Regtech
Australia Proposes Framework to Enable CDR ‘Action Initiation’
By Editors | 30/09/2022
Consumers would be able to instruct businesses to make payments, open and close accounts, switch providers, and update personal details on their behalf.
Crypto / Digital Assets
BIS Announces Successful Completion of mBridge CBDC Pilot
By Editors | 29/09/2022
The month-long testing phase facilitated more than 160 transfers and FX exchanges worth USD 22 million on the mBridge Ledger.
AML / KYC
SFC Shines Regulatory Spotlight on Online Platforms
By Hannah Cassidy | 28/09/2022
Hannah Cassidy and Natalie Curtis discuss key areas of concern for the SFC in relation to the online platforms operated by licensed firms.
Fintech / Regtech
MAS, IMDA Propose Measures to Make SGQR More Interoperable
By Manesh Samtani | 28/09/2022
Merchant acquirers will have to remove all proprietary static QR code payment labels. A new fee model will be introduced for SGQR members.
ESG / Sustainability
International Committee to Create Public Utility for Net-Zero Data
By Editors | 28/09/2022
International organisations and policymakers will work alongside financial data service providers to help bring the utility to fruition.
AML / KYC
AUSTRAC Spotlights Risks Associated with Remittance Sector
By Sanday Chongo Kabange | 27/09/2022
Most remittance dealers and remittance network providers did not submit any SMRs in the reporting period assessed by AUSTRAC.
Fintech / Regtech
HKMA Launches Fintech Training Subsidy Scheme
By Editors | 26/09/2022
The scheme will provide training subsidies to around 1,500 industry practitioners who have attained professional qualifications in fintech.
Fintech / Regtech
SEBI to Tighten Rules on Algo Trading Offered to Retail
By Editors | 26/09/2022
SEBI will scrutinise firms offering algorithmic trading services that claim high returns but cannot be audited or validated.
Fintech / Regtech
HKMA Issues Guidance on Protecting Payment Card Data
By Manesh Samtani | 26/09/2022
The guidance emphasises the need for due diligence of third-party service agents, ongoing monitoring, and prompt reporting of incidents.
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