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AML / KYC
India, Indonesia to Work Towards Establishing Payment Linkages
By Editors | 20/07/2022
The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.
Fintech / Regtech
Philippines: UnionBank Commences Digital Banking Operations
By Editors | 20/07/2022
UnionDigital Bank commenced operations on Monday after receiving the BSP’s green light for the launch last week.
Fintech / Regtech
HKMA Issues Regtech Guide on Third-Party Risk Management
By Sanday Chongo Kabange | 19/07/2022
The practice guide is meant to help banks plan the implementation of regtech solutions to address the risks associated with third-party relationships.
Fintech / Regtech
HKMA, Banks, Bloomberg Launch Fintech Talent Initiative
By Editors | 18/07/2022
The partners include the HKMA, FSDC, Bloomberg, Ant Group, Bank of America, BOCHK, Citi, Credit Suisse, DBS, Goldman, HKEX, HSBC, JP Morgan, and others.
Fintech / Regtech
BOJ, FSA Advance Work to Coordinate Supervisory Functions
By Sanday Chongo Kabange | 17/07/2022
The FSA and BOJ have started sharing information reported by FIs using common templates and are establishing a new data platform to collect granular data from the industry.
Fintech / Regtech
RBI Grants First In-Principle Approvals for Payment Aggregator Licence
By Editors | 17/07/2022
Razorpay, Pine Labs, Stripe, and 1Pay Mobileware are among those that have received the in-principle approval.
Fintech / Regtech
IOSCO Publishes Report on Use of Innovation Facilitators
By Editors | 15/07/2022
The report offers recommendations on three types of innovation facilitators – innovation hubs, regulatory sandboxes, and regulatory accelerators.
Enforcement
ACCC Issues First Penalty for CDR Breach Against BOQ
By Sanday Chongo Kabange | 14/07/2022
This is the first infringement notice the ACCC has issued for an alleged breach of the CDR rules as BOQ pays penalty.
AML / KYC
Australian Banks Introduce Dynamic CVV to Reduce Card Fraud
By Editors | 14/07/2022
Westpac customers who use dynamic CVV have seen an 80 percent reduction in fraud compared to those who don’t.
AML / KYC
HKMA Advances Work on AML SupTech, Bank-to-Bank Data Sharing
By Darien Choong | 13/07/2022
HKMA executive director Carmen Chu discussed initiatives to enable bank-to-bank information sharing and use granular bank data to detect ML risk.
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