Fintech / Regtech

Fintech / Regtech

SWIFT Pilots Blockchain Solution to Tackle Corporate Actions Frictions

By Editors | 27/03/2023

The solution demonstrated the potential to reduce manual effort and errors in corporate action processing and deliver operational efficiencies.

Fintech / Regtech

ESMA Goes Live With New DLT Pilot Regime

By Editors | 23/03/2023

Firms can apply for permission to operate DLT-based market infrastructures and receive exemptions from the MiFIR, MiFID II and CSDR.

Fintech / Regtech

BIS Innovation Hub Completes Project Nexus Proof-of-Concept

By Editors | 23/03/2023

The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia, Malaysia, Philippines and Thailand.

Fintech / Regtech

Korea to Launch Online Deposit Product Brokerage Service in June

By Editors | 23/03/2023

The service will allow consumers to compare and receive recommendations for deposit products from various FIs.

Fintech / Regtech

Hong Kong’s Fusion Bank Launches Business Banking Services

By Sanday Chongo Kabange | 23/03/2023

Fusion Bank promises SMEs a “hassle-free” account opening experience and a six month exemption on fees for new accounts.

Crypto / Digital Assets

Mastercard Working on Integration to Enable Stablecoin Spending

By Sanday Chongo Kabange | 21/03/2023

The Mastercard-Stables project will allow users to spend stablecoin balances on everyday purchases without first converting it to fiat.

AML / KYC

Singapore: New Bill Introduced to Facilitate Introduction of COSMIC

By Manesh Samtani | 21/03/2023

The Bill provides FIs statutory protection from civil liability in respect of their disclosure of risk information on to COSMIC for the purposes of mitigating ML, TF and PF risks.

Crypto / Digital Assets

Flagstar Bank to Assume Signature Bank Deposits, FDIC Says

By Editors | 21/03/2023

The New York Community Bancorp subsidiary will assume “substantially all” the deposits of Signature Bank and buy $12.9bn of its loans at a discount.

Crypto / Digital Assets

Ripple’s Rahul Advani Discusses Regulatory Landscape for Digital Assets

By Editors | 20/03/2023

Rahul Advani, Policy Director for APAC at Ripple, discusses the regulatory landscape for digital assets and the potential for a globally harmonised framework.