FINTECH / REGTECH

Fintech / Regtech

Japan FSA Publishes Research on Overseas Data Collection Platforms

By Editors | 20/04/2022

A survey of overseas authorities was conducted to inform the development of a “joint data platform” that will be used by both the FSA and BOJ.

Fintech / Regtech

HKMA to Develop Additional Safeguards for Bank Customers

By Manesh Samtani | 20/04/2022

A fresh review of the Banking Code of Practice has been launched, covering information disclosure, customers’ finance management, and dispute handling.

Fintech / Regtech

FSC Korea Green Lights Kakao Digital Insurance Business

By Ranamita Chakraborty | 19/04/2022

The approval marks the first time that a newcomer to the insurance industry has been given permission to start a digital insurance company.

AML / KYC

Hong Kong to Propose Regulatory Regime for Crowdfunding

By Sanday Chongo Kabange | 19/04/2022

The government will issue a consultation this year proposing a licensing or registration requirement for crowdfunding platforms in Hong Kong.

Fintech / Regtech

Growth of Fintechs, Neobanks Poses Systemic Risk: IMF

By Mark Johnston | 19/04/2022

Digital banks should have to meet stronger capital, liquidity, and risk-management requirements, commensurate with their risks.

Fintech / Regtech

Financial Firms Offered Incentives to Set Up Shop in Shenzhen

By Sanday Chongo Kabange | 19/04/2022

Newly registered financial enterprises that choose to be headquartered in Shenzhen will be offered a one-off incentive worth up to CNY 50 million.

AML / KYC

Hong Kong is Moving to a Robust Regulatory Framework for Crypto

By Etelka Bogardi | 19/04/2022

Etelka Bogardi and Amy Chung say Hong Kong’s efforts to regulate the crypto sector and stablecoin market are on the whole in line with international trends while leaving room for further development.

Fintech / Regtech

FSC Korea to Relax Network Separation, Cloud Computing Rules

By Sanday Chongo Kabange | 19/04/2022

The rule amendments seek to address excessive regulations that have hindered digital transformation efforts in the financial sector.

ESG / Sustainability

JPX Issues Framework for Digitally Tracked Green Bonds

By Manesh Samtani | 19/04/2022

JPX also announced a partnership with Hitachi, Nomura Securities and BOOSTRY to issue the first publicly-offered bonds under the new framework.