Fintech / Regtech

FSC Korea Establishes “Future Response Finance Taskforce”

By Editors | 08/04/2024

The taskforce will work to address financial industry challenges associated with demographic changes, climate change, and technological advancements.

Fintech / Regtech

MAS Grants Major Payment Institution Licence to TerraPay

By Nithya Subramanian | 08/04/2024

The licence enables TerraPay to offer account issuance, money transfer, merchant acquisition, and e-money issuance services.

Fintech / Regtech

India Considers New Agency to Verify Online Lending Apps

By Ajoy K Das | 05/04/2024

The so-called “Digital India Trust Agency” would operate a public registry of digital loan apps that have been vetted for regulatory compliance.

Fintech / Regtech

FSC Korea Unveils Plans to Enhance ‘MyData’ Service

By Sanday Chongo Kabange | 05/04/2024

MyData 2.0 will expand data availability, promote usage, boost user convenience and ensure data protection, the FSC said.

Fintech / Regtech

FSS Korea to Use Naver’s AI Tech in Supervisory Work

By Editors | 04/04/2024

Under a new MoU, the FSS will be able to use Naver’s technologies to enhance its supervision, monitoring, and inspection activities.

Securities / Derivatives

Korea’s First ATS Platform to Launch in Q1 2025 – Report

By Editors | 04/04/2024

Over 20 securities firms have declared their intention to participate in Nextrade’s new ATS market, which was given preliminary approval last July.

Fintech / Regtech

UK Sets Out Proposed Approach to Digital Securities Sandbox

By Editors | 04/04/2024

The sandbox will allow experimentation with DLT and “may lead to a new permanent regulatory regime for securities settlement”.

Fintech / Regtech

Thailand, Laos Launch Cross-border QR Payment Link

By Nithya Subramanian | 04/04/2024

Thailand has implemented cross-border payment linkages with five other ASEAN nations: Cambodia, Indonesia, Malaysia, Singapore, and Vietnam.

Crypto / Digital Assets

New BIS Project Seeks Overhaul of Global Payment System

By Manesh Samtani | 04/04/2024

Seven central banks will develop common infrastructure that can accommodate tokenised versions of wholesale central bank money and commercial bank deposits.

Crypto / Digital Assets

HKMA to Explore Common Industry Standards for Digital Money

By Manesh Samtani | 02/04/2024

Phase 2 of HKMA’s e-HKD testing initiative will explore the development of standards on interoperability and smart contract design.

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