Fintech / Regtech

China’s Non-bank Payment Sector Sees Shake-Up

By Editors | 17/08/2023

China’s third-party payment sector contracts, with prepaid card issuers exiting amid a stricter regulatory environment and dwindling business.

Fintech / Regtech

FSC Taiwan Releases Second 3-year Fintech Development Roadmap

By Editors | 17/08/2023

The first roadmap issued in 2020 has helped to shape a “friendly” fintech ecosystem and improve financial services, the FSC said.

Fintech / Regtech

Taiwan FSC Consults on AI Use Principles for Financial Industry

By Editors | 16/08/2023

The six core principles cover governance, fairness, privacy, security, transparency and sustainable development.

Fintech / Regtech

HKMA Asks Banks to Participate in New Data Sharing Initiative

By Editors | 15/08/2023

The Interbank Account Data Sharing Initiative will enable banks to share bank account data with other banks, subject to customer consent.

Fintech / Regtech

India Contemplates New Law to Regulate Big Tech

By Sanday Chongo Kabange | 15/08/2023

An MCA-led committee led will this month complete the first draft report on the need for ex-ante regulation for big tech firms via a new law.

Fintech / Regtech

Taiwan FSC to Establish New Rules for Robo-Advisor Services

By Editors | 15/08/2023

Robo wealth management services are currently being offered by 16 financial institutions. Legislation will be ready in H1 2024.

Crypto / Digital Assets

MUFG, NTT Data Announce Partnership on Digital Corporate Bonds

By Editors | 14/08/2023

NTT Data will connect its corporate bond issuance infrastructure directly to MUFG’s Progmat platform for issuing security tokens.

Fintech / Regtech

RBI Awards AI-based SupTech Contract to McKinsey, Accenture

By Editors | 14/08/2023

The RBI invited expressions of interest last September. The $10mn contract has now been awarded to McKinsey and Accenture.

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.

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