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Fintech / Regtech
NPCI, Lyra Network Sign MOU to Allow UPI Payments in France
By Editors | 22/06/2022
The MOU will allow Indians to make payments in France using UPI and Rupay cards at terminals and ATMs provided by Lyra Networks.
ESG / Sustainability
MAS Unveils First Use Case for New AI Platform ‘NovA!’
By Sanday Chongo Kabange | 22/06/2022
NovA! will initially be used for ESG risk assessments when originating, underwriting and servicing sustainability-linked loans for the real estate sector.
Crypto / Digital Assets
BIS Vision for Monetary System Doesn’t Include Crypto
By Manesh Samtani | 21/06/2022
BIS says crypto and DeFi have structural limitations and inherent risks that make them unsuitable for the future digital monetary system.
Fintech / Regtech
China Tightens Rules on Mobile App Development
By Darien Choong | 21/06/2022
The new rules, which takes effect on 1 August, require mobile apps to force users to authenticate their identities.
Fintech / Regtech
PBOC Accepts Ant Group’s FHC Licence Application – Report
By Editors | 21/06/2022
Ant Group is reportedly aiming to file a preliminary IPO prospectus as early as next month, subject to regulatory feedback on its financial holding company setup.
Crypto / Digital Assets
Korea: New FSC, FSS Chiefs to Prioritise Stability, Growth
By Mark Johnston | 20/06/2022
The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.
Capital / Liquidity
Can Data Standardisation Drive Regulatory Harmonisation?
By William Coen | 20/06/2022
William Coen and Dr Maximilian Dyck discuss the standardisation of Basel III data using bankruptcy remoteness and fair value accounting as examples.
Crypto / Digital Assets
BIS Innovation Hub Announces New Set of Projects
By Editors | 20/06/2022
The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.
Fintech / Regtech
‘Substantial Changes” Needed to Fully Reap Benefits of DeFi: BIS
By Sanday Chongo Kabange | 19/06/2022
A new BIS bulletin highlights a growing trend in DeFi to rely on forms of centralisation, and a need for it to ultimately fall within the regulatory umbrella.
Fintech / Regtech
BSP Upgrades Infrastructure to Support Big Data Applications
By Editors | 16/06/2022
The BSP plans to start using big data sources and applications in 2023, starting with an index that will analyse online news to gauge the sentiment.
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