FINTECH / REGTECH

AML / KYC

RBI Issues New Guidelines on Digital Lending

By Sanday Chongo Kabange | 06/09/2022

The guidelines are applicable to existing customers availing fresh loans and new customers getting onboarded. Existing digital loans must be in compliance by 30 November.

Fintech / Regtech

SFC Finds Deficiencies in Investment Services Offered Online

By Sanday Chongo Kabange | 02/09/2022

The SFC is calling on licenced corporations to address regulatory deficiencies identified in some investment services offered online.

Fintech / Regtech

HKMA Issues Guidance on Managing Cloud Computing Risks

By Manesh Samtani | 02/09/2022

Banks’ agreements with CSPs should ensure the HKMA can access information stored in the cloud and relevant risk management controls for on-site examinations.

Fintech / Regtech

SWIFT Applies Data Intelligence to Remove Payment Friction

By Editors | 01/09/2022

SWIFT says its new capability ensures payments will go through regardless of whether the parties have transacted with each other before.

Fintech / Regtech

HKMA to Launch API Link from CCRA to CDI in Q4

By Manesh Samtani | 01/09/2022

Banks are encouraged to access credit data in the CCRA database via the CDI, to help them automate credit approvals and enhance efficiency.

Crypto / Digital Assets

Australia Launches Digital Finance Cooperative Research Centre

By Editors | 01/09/2022

Backed by industry, government and academia, the DFCRC will facilitate the development of the emerging digital finance sector.

Fintech / Regtech

Grab-Singtel Digital Bank Set to Launch First Financial Product

By Editors | 31/08/2022

GXS Bank will launch a savings account product on 5 September, and expand into wealth and credit products over the coming months.

Fintech / Regtech

US to Launch FedNow Instant Payments Platform in Mid 2023

By Editors | 31/08/2022

The technical testing phase of the new FedNow Service will kick off in mid-September. The service will be ready to launch between May and July of 2023.

Crypto / Digital Assets

MAS to Strengthen Retail Protections from Crypto Harms

By Manesh Samtani | 30/08/2022

MAS managing director Ravi Menon described an approach to digital assets that allows Singapore to be both stringent in its regulation and facilitative of innovation.