Fintech / Regtech

    Fintech / Regtech

    India Launches Digital Banking Units to Advance Financial Inclusion

    By Editors | 19/10/2022

    The units were established by 24 banks to house digital infrastructure for the delivery of digital banking products and services in self-service and assisted mode.

    Fintech / Regtech

    Kakao Under Probe Over Unprecedented Service Disruption

    By Editors | 19/10/2022

    A fire occurred at a data centre where Kakao operates 32,000 servers that support the vast majority of its mobile services.

    Fintech / Regtech

    HK Consumer Council Warns of Inadequate BNPL Protections

    By Editors | 18/10/2022

    The Consumer Council is calling on non-bank BNPL service providers to apply for a Money Lenders Licence and to implement consumer protection measures “as soon as possible”.

    Enforcement

    US FTC Expands Competition Probe Into Visa, Mastercard

    By Editors | 18/10/2022

    The FTC is investigating whether the security technology used by Visa and Mastercard raises the likelihood that payments over different networks will be rejected.

    Fintech / Regtech

    India Establishes Protocols for Interoperable Regulatory Sandbox

    By Editors | 17/10/2022

    The interoperable regulatory sandbox will enable firms to test innovative products and services that fall under multiple financial sector regulators.

    Fintech / Regtech

    China to Interlink All Credit Reporting Systems Nationwide

    By Editors | 17/10/2022

    The PBOC will establish connectivity between all credit reporting systems and platforms nationwide, so data on each economic entity can be combined into a single “credit file”.

    AML / KYC

    Hong Kong Seeks Status as Global Hub for Virtual Assets

    By Manesh Samtani | 17/10/2022

    A new policy statement to be issued at Hong Kong FinTech Week may spell out plans to include retail investors in the city’s VASP regime.

    AML / KYC

    FCA Fines UK Challenger Bank for Weak AML Controls

    By Editors | 17/10/2022

    Gatehouse Bank failed to perform appropriate checks on customers based in high-risk countries and customers that were classified as PEPs.

    AML / KYC

    Singapore: SMS Sender ID Registration to Become Mandatory

    By Editors | 15/10/2022

    All non-registered SMS sender IDs after 31 Jan 2023 will be channelled to a sender ID with the header “Likely-SCAM”.

    Fintech / Regtech

    Thai SEC Launches New E-Licensing Services Pilot

    By Editors | 15/10/2022

    The services will initially allow online submissions of applications for two types of licenses. Full e-licensing services will launch in Q1 2023.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team