Fintech / Regtech

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    Crypto / Digital Assets

    Flagstar Bank to Assume Signature Bank Deposits, FDIC Says

    By Editors | 21/03/2023

    The New York Community Bancorp subsidiary will assume “substantially all” the deposits of Signature Bank and buy $12.9bn of its loans at a discount.

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    Crypto / Digital Assets

    Ripple’s Rahul Advani Discusses Regulatory Landscape for Digital Assets

    By Editors | 20/03/2023

    Rahul Advani, Policy Director for APAC at Ripple, discusses the regulatory landscape for digital assets and the potential for a globally harmonised framework.

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    Fintech / Regtech

    India, UAE To Collaborate on Building CBDC Bridge

    By Editors | 16/03/2023

    The RBI and CBUAE will conduct PoC and pilots on a bilateral bridge to facilitate cross-border CBDC transactions.

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    Fintech / Regtech

    More TSE Companies Disclosing Earnings Reports in HTML Format

    By Editors | 16/03/2023

    Over 2,400 companies listed on the Tokyo bourse have voluntarily disclosed their earnings reports in HTML format.

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    Enforcement

    Swedbank Fined for IT Incident Which Impacted 1m Customers

    By Editors | 16/03/2023

    Swedbank made a change to a business-critical IT system without following its internal procedures and processes.

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    Fintech / Regtech

    US Announces July Launch Date for FedNow Service

    By Editors | 16/03/2023

    The Federal Reserve said it will begin the formal certification of participants for launch of the FedNow Service in the first week of April.

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    Fintech / Regtech

    DTCC Offers New Tool to Facilitate LIBOR Transition

    By Editors | 16/03/2023

    Widespread usage of the tool will be “an important component to help ensure a successful transition,” said Tom Wipf, who chairs the ARRC.

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    AML / KYC

    HKIMR Report Explores GBA Cross-border Payments Challenges

    By Editors | 16/03/2023

    A survey of FIs found that some GBA transactions are still processed manually. Other challenges relate to differing messaging formats, regulatory requirements and investment quotas.

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    Fintech / Regtech

    Sea Group Launches Digital-only MariBank in Singapore

    By Editors | 15/03/2023

    Invitations are currently limited to users of Sea Group’s ecosystem such as Shopee customers and individual sellers.

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    Fintech / Regtech

    BSP Sets 1 July for Mandatory Adoption of QR Ph Standard

    By Editors | 15/03/2023

    From 1 July, all FIs and PSPs must disable all non-QR Ph codes and proprietary QR codes and ensure they are no longer be available to the public.

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