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Fintech / Regtech
India Raids Payment Firms in Digital Lending App Probe
By Editors | 06/09/2022
The Enforcement Directorate said digital loan app providers involved in extortion and harassment of members of the public are controlled and operated by Chinese persons.
ESG / Sustainability
Hong Kong Plans Measures to Lure ESG, Fintech Talent
By Editors | 06/09/2022
The government will also dedicate resources towards providing training aimed at developing local ESG talent. Applications for a fintech subsidy scheme will open on 10 September.
Crypto / Digital Assets
Digital Dollar Project Launching Sandbox to Explore CBDC
By Editors | 06/09/2022
The programme is slated to begin in early October with a focus on cross-border payments. The initial participants will be Digital Asset, EMTECH, Knox Networks, and Ripple.
AML / KYC
RBI Issues New Guidelines on Digital Lending
By Sanday Chongo Kabange | 06/09/2022
The guidelines are applicable to existing customers availing fresh loans and new customers getting onboarded. Existing digital loans must be in compliance by 30 November.
Fintech / Regtech
SFC Finds Deficiencies in Investment Services Offered Online
By Sanday Chongo Kabange | 02/09/2022
The SFC is calling on licenced corporations to address regulatory deficiencies identified in some investment services offered online.
Fintech / Regtech
HKMA Issues Guidance on Managing Cloud Computing Risks
By Manesh Samtani | 02/09/2022
Banks’ agreements with CSPs should ensure the HKMA can access information stored in the cloud and relevant risk management controls for on-site examinations.
Fintech / Regtech
SWIFT Applies Data Intelligence to Remove Payment Friction
By Editors | 01/09/2022
SWIFT says its new capability ensures payments will go through regardless of whether the parties have transacted with each other before.
Fintech / Regtech
HKMA to Launch API Link from CCRA to CDI in Q4
By Manesh Samtani | 01/09/2022
Banks are encouraged to access credit data in the CCRA database via the CDI, to help them automate credit approvals and enhance efficiency.
Crypto / Digital Assets
Australia Launches Digital Finance Cooperative Research Centre
By Editors | 01/09/2022
Backed by industry, government and academia, the DFCRC will facilitate the development of the emerging digital finance sector.
Fintech / Regtech
Grab-Singtel Digital Bank Set to Launch First Financial Product
By Editors | 31/08/2022
GXS Bank will launch a savings account product on 5 September, and expand into wealth and credit products over the coming months.
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