Fintech / Regtech

Big Picture

BIS Paper Proposes Solutions To Ease Cross-Border Payment Hurdles

By Ranamita Chakraborty | 25/07/2023

New working paper suggests setting up a global clearinghouse or digital money marketplace could boost cross-border payments.

Fintech / Regtech

White House Secures Commitments on Responsible AI Development

By Editors | 24/07/2023

White House secured commitments from Amazon, Anthropic, Google, Inflection, Meta, Microsoft, and OpenAI.

Fintech / Regtech

India, Sri Lanka Sign UPI Acceptance Agreement

By Editors | 24/07/2023

India and Sri Lanka signed a network-to-network agreement to enable UPI acceptance in Sri Lanka.

Fintech / Regtech

Australia Approves Final Operational Enhancements To CDR Rules

By Sanday Chongo Kabange | 22/07/2023

Assistant treasurer Stephen Jones says the operational enhancements to the CDR rules will keep small business and customer data safer.

Fintech / Regtech

Alipay, WeChat Pay Start Accepting Foreign Credit Cards

By Editors | 21/07/2023

The move allowed travellers to pay for goods and services across China, where mobile payments are needed for most basic necessities.

Market Infrastructure

US Launches Instant Payments Service, FedNow

By Editors | 21/07/2023

35 early-adopting banks and credit unions are ready with instant payments capabilities via FedNow, and 16 additional service providers are supporting payment processing.

Securities / Derivatives

SEBI Mandates Automated Trading Controls for Insiders

By Ranamita Chakraborty | 21/07/2023

India’s securities regulator is ensuring that insiders, also known as designated persons, from listed companies cannot trade during sensitive periods.

Fintech / Regtech

Korea FSC Designates Eight More ‘Data Specialising Institutions’

By Sanday Chongo Kabange | 19/07/2023

The newly designated firms are allowed to converge anonymised and pseudonymised data from different businesses for analytics purposes.

Big Picture

AI Regulatory Sandboxes Need Cooperation and Expertise: OECD

By Ranamita Chakraborty | 19/07/2023

A recent OECD report on AI regulatory sandboxes highlights important policy considerations that emphasises the need to build AI regulatory expertise and interdisciplinary cooperation.