Fintech / Regtech

Big Picture

Inside ASIC’s Derivatives Reporting Rule Rewrite

By Manesh Samtani | 14/08/2023

ASIC’s Alex Orgaz-Barnier and DTCC’s Priya Kundamal spoke to Regulation Asia about the changes to the derivative transaction reporting regime in Australia.

Fintech / Regtech

RBI Announces Planned Upgrades to UPI System

By Editors | 13/08/2023

One new feature will enable users to initiate UPI transactions by conversing with an AI-powered system. Japan is exploring a potential UPI linkage.

AML / KYC

Bangladesh Banks Directed to Simplify Account Opening for NRBs

By Editors | 12/08/2023

Banks are directed to launch digital systems to enable non-resident Bangladeshis to open accounts and invest in the country from overseas.

Fintech / Regtech

Indian Lawmakers Pass New Data Protection Law

By Manesh Samtani | 11/08/2023

The law has raised concerns over the excessive powers granted to the government to access private data without consent.

Fintech / Regtech

China Proposes to Tighten Rules on Use of Facial Recognition Tech

By Editors | 11/08/2023

The draft rules prohibit the misuse of facial recognition technology by entities and in public spaces including banks.

Fintech / Regtech

China Launches New Data Platform for Regional Equity Markets

By Editors | 10/08/2023

The platform enables market participants to gain a unified view of corporate data from China’s 30-plus regional equity markets.

Crypto / Digital Assets

Fed Unveils New Supervision Programme for Banks Engaging With Crypto

By Manesh Samtani | 10/08/2023

The Fed requires banks to obtain a written notification of supervisory nonobjection before engaging in activities involving stablecoins.

AML / KYC

Cambodia to Leverage Indonesia Experience to Strengthen Non-Bank Financial Sectors 

By Editors | 10/08/2023

The MoU will help Cambodia enhance its non-bank financial services sectors, focusing on knowledge exchange and collaborative development.

Fintech / Regtech

UK Commits to Taking Forward Payments System Reforms

By Editors | 09/08/2023

The reforms will include a regulatory regime for future systemically important stablecoins used as a means of payment.