Fintech / Regtech

Fintech / Regtech

MAS Issues New Rules on Managing Outsourced Services

By Manesh Samtani | 12/12/2023

Banks will have to provide details to MAS about the services they outsource and ensure it can audit the service providers and obtain records and documents from them.

ESG / Sustainability

Shenzhen, Saudi Exchanges to Cooperate on Capital Markets

By Editors | 12/12/2023

The exchanges will cooperate in areas including ESG, fintech, cross-listings, as well as index, fund and REIT products.

ESG / Sustainability

HKMA to Launch Physical Risk Assessment Platform for Banks

By Manesh Samtani | 12/12/2023

HKMA’s Arthur Yuen also said the first version of Hong Kong’s green classification framework will be released “very soon”.

Fintech / Regtech

European Lawmakers Reach Agreement on AI Regulation

By Editors | 11/12/2023

AI systems that pose minimal risk will not have to meet any specific obligations. High risk systems will have strict requirements. Systems that pose unacceptable risk will be banned.

Fintech / Regtech

RBI to Launch Cloud Facility, Fintech Repository for Financial Sector

By Ajoy K Das | 11/12/2023

The cloud facility will be a dedicated public infrastructure for the financial sector. The repository will hold information about fintechs.

Fintech / Regtech

Australia Proposes Licensing Framework for Payment Services

By Manesh Samtani | 09/12/2023

Payment service providers would need to be licensed by ASIC, and in some cases, APRA. The ePayments Code will also be updated and made mandatory.

Crypto / Digital Assets

Singapore, China Announce New Bilateral Cooperation Agreements

By Manesh Samtani | 08/12/2023

The agreements include a cross-border e-CNY pilot, a possible PayNow-UnionPay linkage, and an MoU between SGX and GFEX.

Fintech / Regtech

Australia Passes Identity Verification Bill to Boost Privacy and Security

By Mark Johnston | 08/12/2023

The new legislation will require identity verification services to adhere to privacy and security standards and report breaches to the OAIC.

AML / KYC

Indonesia, UAE Central Banks Agree to Expand Cooperation

By Editors | 08/12/2023

BI and CBUAE will strengthen cooperation in areas including monetary policy, financial stability, payments, AML/CFT, and Islamic finance.