FINTECH / REGTECH

Fintech / Regtech

Australia, Singapore to Deepen Collaboration via ‘FinTech Bridge’

By Editors | 13/04/2022

The bilateral FinTech Bridge will enable stronger cooperation and collaboration on policy and regulation to better support the cross-border growth of the fintech industry.

AML / KYC

AUSTRAC Offers Update on Work to Enhance Reporting System

By Editors | 13/04/2022

The IFTI-E schema version 2.0 will be finalised in the next few months. This will be used to enable the upload of IFTI-E reports through a new API and user interface.

AML / KYC

Crypto Firms and Sanctions: Five Tools for Compliance

By Manesh Samtani | 12/04/2022

Sanctions screening starts with effective KYC, says Refinitiv’s Neil Vaz, pointing to five “universal tools” crypto firms need to ensure compliance.

Fintech / Regtech

Bangladesh Bank Commences Work on Digital Bank Framework

By Editors | 12/04/2022

The new regulatory guidelines will require digital banks to hold the same levels of capital as conventional banks.

Fintech / Regtech

Singapore Crypto Firms Offered Clarity on Advertising Ban

By Darien Choong | 12/04/2022

Industry bodies have formed a task force to draft a code of practice to address issues around marketing and advertising of crypto services, as suggested by MAS.

Crypto / Digital Assets

Shinhan Bank to Pilot Crypto Service for Corporate Clients

By Editors | 12/04/2022

Shinhan, through its partner exchange Korbit, will become the first Korean bank to allow businesses to invest in cryptocurrencies.

Fintech / Regtech

RBI Issues Guidelines on Establishing Digital Banking Units

By Ranamita Chakraborty | 11/04/2022

Commercial banks with past digital banking experience can open new digital banking units without having to seek authorisation from the RBI.

Fintech / Regtech

APRA to Set Out Expectations for FIs Dealing in Digital Assets

By Editors | 11/04/2022

APRA will not be introducing new regulatory requirements for FIs or attempting to hinder innovation. Rather, it will be asking them to closely assess and monitor new operational risks.

Crypto / Digital Assets

Indonesia to Start Taxing Crypto Investments, Fintech Services in May

By Editors | 10/04/2022

Indonesia will charge a capital gains tax and VAT on crypto transactions, as well as interest and fees generated from fintech services, starting on 1 May 2022.