Fintech / Regtech

Fintech / Regtech

In Global First, UK to Require Banks to Reimburse Fraud Losses

By Karen Ng | 08/06/2023

The Payment Systems Regulator will make it mandatory for banks, building societies and payment firms to reimburse victims of APP fraud.

Fintech / Regtech

Australia Confirms it Will ‘Pause’ CDR Expansion Plan

By Sanday Chongo Kabange | 08/06/2023

Treasury is pausing plans to expand the CDR to the superannuation, insurance and telecommunications sectors.

Fintech / Regtech

Cambodia, Thailand Launch Second Phase of QR Payments Link.

By Editors | 07/06/2023

Thais visiting Cambodia can use their mobile banking apps to make cashless payments by scanning KHQR codes displayed by merchants.

Crypto / Digital Assets

Philippine SEC Delayed Roll-out of Crypto Rules Last Year Due to FTX

By Sanday Chongo Kabange | 07/06/2023

The SEC was ready to issue a new regulatory framework for crypto assets late last year, but decided to delay its release to incorporate lessons from the FTX collapse.

Big Picture

Banks Increasingly Expected to Prevent Misconduct – Report

By Manesh Samtani | 07/06/2023

New report from Starling says outcomes-based regulation, culture initiatives, data science and technology can help enhance culture and conduct risk management in the banking industry.

ESG / Sustainability

Climate Action Data Trust Establishes 20-Member User Forum

By Ranamita Chakraborty | 07/06/2023

The forum brings together practitioners and data users to advise on technical, policy, and business matters to enhance access to carbon registry data.

Fintech / Regtech

Stanchart, PwC Examine CBDC Opportunities in GBA

By Sanday Chongo Kabange | 06/06/2023

The paper says the GBA is an ideal launch pad for CBDC pilots given its use of three different currencies and monetary authorities.

Fintech / Regtech

Unprecedented: First Data Trading Involving Personal Data in China

By Sherry Gong | 06/06/2023

Hogan Lovells partners Sherry Gong and Tommy Liu draw lessons from the first case of floor trading of personal data in China.

Fintech / Regtech

BIS Proves Viability of Quantum-Safe Financial System

By Editors | 06/06/2023

Project Leap involved the design and deployment of a secure communication channel to protect financial data against future threats from quantum computers.