Fintech / Regtech

ESG / Sustainability

JPXI to Launch Platform For Listed Company ESG Disclosures

By Editors | 11/08/2022

ESG-related information disclosed on each company’s website for the most recent three months will be displayed on the portal.

Crypto / Digital Assets

HKMA, InvestHK Invite Firms to Showcase CBDC Solutions

By Editors | 11/08/2022

A CBDC track has been added to Global Fast Track 2022. Banks, fintechs and tech firms are asked to submit innovative solutions in eight focus areas.

Fintech / Regtech

RBI Defers Deadline for Acquiring Banks to Purge Customer Card Data

By Editors | 09/08/2022

All entities in the transaction chain other than acquiring banks, card issuers and card networks must purge card-on-file data from 1 October 2022.

AML / KYC

FSB Gives Full Support to Wide LEI Use in Global Payments

By Clare Rowley | 09/08/2022

The FSB’s recommendation that the LEI should be used more widely in payments will catalyze increased global LEI adoption, says GLEIF’s Clare Rowley.

Fintech / Regtech

FSC Korea Unveils Plans to Promote Big Data and AI Technology

By Sanday Chongo Kabange | 09/08/2022

Vice chairman Kim So-young said the FSC will remove barriers that prevent financial services firms from making use of big data and AI technology effectively.

Fintech / Regtech

MAS Sets Out Expectations on Third Party Risk Management 

By Editors | 08/08/2022

MAS conducted thematic inspections on the operational risk management standards and practices of selected banks, with a focus on third party risk management.

Fintech / Regtech

BSP Green Lights Q3 Launch of GoTyme Digital Bank

By Editors | 05/08/2022

GoTyme Bank, a joint venture of digital banking group Tyme and members of the Gokongwei Group of companies, was awarded a Certificate of Authority.

Enforcement

Korea FSS Fines KakaoBank Over Remittance Service Failures

By Editors | 05/08/2022

The FSS said KakaoBank launched the new remittance service without proper testing, and provided prohibited loans to major shareholders.

AML / KYC

ECB Analyses Options for Enhancing Cross-Border Payments

By Manesh Samtani | 04/08/2022

Bitcoin and stablecoins are “unlikely” to be the “holy grail” of cross-border payments. Interlinked domestic payment systems and interoperable CBDCs show the most promise.