Fintech / Regtech

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    Fintech / Regtech

    China Allows New Accounting Treatment of Data Resources

    By Editors | 24/08/2023

    Under the new rules, companies will be able to classify their data as intangible assets. Data held for sale can be recognised as inventories.

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    Crypto / Digital Assets

    RBA Completes CBDC Research Project, Issues Findings

    By Sanday Chongo Kabange | 24/08/2023

    The project highlighted areas where a CBDC could enhance the payments system, but also raised a number of legal and regulatory issues.

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    Fintech / Regtech

    How AI Can Combat Financial Crime

    By Ranamita Chakraborty | 24/08/2023

    Industry experts tell Regulation Asia how the financial sector’s battle against sophisticated financial crimes has led to a greater reliance on artificial intelligence (AI) to detect fraud and maintain customer trust.

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    Fintech / Regtech

    Swift Achieves FSB Speed Target for Cross Border Payments

    By Editors | 23/08/2023

    89% of transactions processed on the Swift network now reach recipient banks within one hour. The FSB target was 75% by 2027.

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    Fintech / Regtech

    BCG Explores the Potential of Generative AI for Finance

    By Mark Johnston | 22/08/2023

    BCG says CFOs should embrace generative AI “immediately” and remove any obstacles to adoption in their departments.

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    Market Infrastructure

    Indonesia, Singapore Start QR Payment Interconnection Trial

    By Sanday Chongo Kabange | 21/08/2023

    The QR payment linkage between Indonesia and Singapore is expected to officially launch within H2 2023 after the completion of the trials.

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    Fintech / Regtech

    Cambodia, Laos Launch Cross-border QR Payment Link

    By Editors | 21/08/2023

    A second phase of the cross-border payments link between Cambodia and Laos is expected to launch in Q4 2023.

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    Crypto / Digital Assets

    NZ Parliamentary Report Warns Against Overregulating Digital Assets

    By Manesh Samtani | 21/08/2023

    New Zealand does not need to urgently design and implement an integrated regulatory framework for digital assets at this time, the report says.

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    Capital / Liquidity

    RBI Launches Digital Portal for Unclaimed Deposit Recovery

    By Ranamita Chakraborty | 21/08/2023

    Users can utilise the portal to locate their unclaimed deposits and subsequently choose to either claim the funds or reactivate their deposit accounts with their respective banks.

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    Fintech / Regtech

    Bangladesh Bank Receives 52 Digital Bank Licence Applications

    By Editors | 20/08/2023

    The number of applications substantially exceeds projections by Bangladesh Bank, which initially intends to only grant two or three licences

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