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Fintech / Regtech
AML / KYC
IFSCA Issues Regulatory Framework for “BATF Services” in GIFT City
By Ajoy K Das | 11/06/2024
The IFSCA has notified a regulatory framework for book-keeping, accounting, taxation and financial crime compliance services offered at GIFT City.
Fintech / Regtech
Korea: Short Selling Monitoring System To Be Ready in March 2025
By Sanday Chongo Kabange | 11/06/2024
South Korea’s ban on short selling can only be lifted after the new Naked Short Selling Detection System is in place.
Crypto / Digital Assets
HSBC China Launches e-CNY Services for Corporate Clients
By Sanday Chongo Kabange | 11/06/2024
HSBC China has become one of the first foreign banks in the country to provide digital yuan services to both corporate and retail customers.
Fintech / Regtech
UK PSR Rejects Calls to Delay Fraud Reimbursement Rules
By Editors | 11/06/2024
Interim head of the PSR, David Geale, said there was a need to “act quickly” on APP fraud and that the new rules would be introduced in October as planned.
Fintech / Regtech
India, Peru Sign Agreement to Develop Instant Payments
By Ajoy K Das | 10/06/2024
NPCI’s international arm signed an agreement with Peru’s central bank to develop a fast payment system similar to India’s UPI.
Fintech / Regtech
RBI to Set Up Digital Platform to Minimise Payment Fraud
By Ajoy K Das | 10/06/2024
The RBI said the platform will allow “network level intelligence and real-time data sharing across the digital payments’ ecosystem”.
Fintech / Regtech
US Treasury Seeks Input on Use of AI in Financial Services
By Manesh Samtani | 07/06/2024
Treasury Secretary Janet Yellen said the use of AI in finance presents “tremendous opportunities and significant risks”.
Big Picture
Significant Progress Made on Cross Border Payments: CPMI
By Manesh Samtani | 07/06/2024
More work is needed to integrate cross-border projects with domestic systems, and to extend the operating hours of key payment systems.
Crypto / Digital Assets
Project mBridge Ready for Live Transactions by Early Adopters
By Manesh Samtani | 06/06/2024
Private sector firms are invited to further develop the multi-CBDC platform by proposing new solutions and use cases.
Fintech / Regtech
Hackers Put Stolen Santander Data Up for Sale – Reports
By Editors | 05/06/2024
The hacking group reportedly stole 30 million customers’ bank account details and 28 million credit card numbers, among other information.
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