Fintech / Regtech

AML / KYC

Indian Banks Working on New Industry Platform to Combat Fraud – Report

By Editors | 30/08/2023

The platform will enable banks to share real-time information that can be used to stop digital fraud and trace the funds.

Fintech / Regtech

Singapore, India Complete First Interoperable eBL Transaction

By Editors | 29/08/2023

Supported by Enterprise Singapore, DBS Bank completed the transaction in partnership with Maptrasco using IMDA’s TradeTrust framework.

Big Picture

Weighing the Benefits and Risks of Generative AI in Financial Services

By Ranamita Chakraborty | 29/08/2023

Regulation Asia talks to experts to weigh the benefits and risks of deploying generative AI in the financial sector.

Fintech / Regtech

Korea Passes Bill to Regulate Prepaid Business Operators

By Mark Johnston | 29/08/2023

The bill was prompted by a scandal at Mergepoint, which sold discount coupons but whose founders were later charged with fraud.

Fintech / Regtech

OCBC Suffers Near Four-hour Bank Service Outage

By Editors | 28/08/2023

OCBC’s internet and mobile banking platforms were disrupted from around 8.30am until around 12.20pm on Monday.

Fintech / Regtech

Korea Seeks to Export Financial Infrastructure to Overseas Markets

By Sanday Chongo Kabange | 28/08/2023

The FSC is working on plans to boost exports of Korean financial infrastructure to overseas markets such as in Southeast Asia.

Fintech / Regtech

HKMA Announces Expanded Scope of Fintech Push

By Sanday Chongo Kabange | 28/08/2023

The HKMA will take “proactive steps” to assist banks, brokers and insurers to “put fintech solutions into action”.

Fintech / Regtech

APRA to Punish Failures to Meet Operational Resilience Expectations

By Mark Johnston | 26/08/2023

APRA’s Therese McCarthy Hockey said additional capital requirements will be imposed on entities found to be “significantly wanting” in compliance.

AML / KYC

HKMA to Explore Regulatory Changes to Promote Bond Tokenisation

By Sanday Chongo Kabange | 26/08/2023

The report suggests new requirements could be introduced for DLT platforms, covering areas from KYC and AML compliance to BCPs and cyber risk assessments.