FINTECH / REGTECH

Fintech / Regtech

Malaysia Plans Law to Mandate MyDigital ID Amid Low Uptake

By Nithya Subramanian | 23/07/2025

The legislation is expected to boost uptake beyond the current 2.8 million users and restore public confidence in the platform.

Fintech / Regtech

New Zealand Slashes Interchange Fees for Visa and Mastercard

By Manesh Samtani | 23/07/2025

Commerce Commission finalises caps on card payment fees, aiming to save businesses NZD 100m annually amid concerns over high costs.

Enforcement

HKMA Fines Four FIs HKD 17.8M for AML and CDD Failures

By Sanday Chongo Kabange | 23/07/2025

The HKMA has penalised three banks and a stored value facility licensee for AML/CFT control deficiencies.

Fintech / Regtech

Indian Banks Urged to Accelerate ISO 20022 Migration Efforts to Avoid Disruption

By Mark Johnston | 23/07/2025

The IBA has warned bank CEOs of serious operational risks if migration to the SWIFT ISO 20022 messaging standard is further delayed.

Fintech / Regtech

Vietnam Officially Recognises E-Wallets as Standalone Payment Method

By Nithya Subramanian | 23/07/2025

Effective 1 July, e-wallets have been officially recognised as a valid form of payment, on par with bank accounts, cards, and cash.

Crypto / Digital Assets

OJK to Impose 'Fit and Proper' Tests on Fintech and Crypto Leaders

By Editors | 23/07/2025

The new regulation, effective from 1 October 2025, aims to strengthen governance and integrity for key personnel at digital asset firms.

Securities / Derivatives

SEBI Launches Centralised Compliance Portal for Stockbrokers

By Nithya Subramanian | 23/07/2025

The centralised compliance platform will allow stock brokers to submit reports to a single exchange, reducing duplication and streamlining regulatory processes.

Fintech / Regtech

RBI Proposes Digital Banking Rule Changes, Ban on Third-Party Cross-Selling

By Manesh Samtani | 22/07/2025

RBI's draft rules mandate prior approval for transactional services, explicit customer consent, and prohibit most third-party product promotions.

Fintech / Regtech

Malaysia Passes Law to Regulate BNPL, Non-Bank Lenders

By Manesh Samtani | 22/07/2025

The new law establishes a single oversight body to license and supervise previously unregulated credit providers amid a surge in "BNPL" transactions.