FINTECH / REGTECH

Fintech / Regtech

More Banks Join Indonesia’s New Fast Payments System

By Sanday Chongo Kabange | 07/02/2022

BI-Fast launched in December with an initial 21 entities; 21 additional banks and Indonesia’s CSD have now also enrolled.

Fintech / Regtech

Myanmar Military Government Seeks to Launch Digital Currency

By Editors | 07/02/2022

Myanmar’s military regime is reportedly considering issuing a digital currency as a joint venture with local companies.

Fintech / Regtech

Facebook Sells Stablecoin IP and Tech Assets to Silvergate

By Sanday Chongo Kabange | 07/02/2022

The sale was announced after it became clear from dialogue with federal regulators that “the project could not move ahead”.

Fintech / Regtech

BOT Sets Out Plans for ‘New Financial Landscape’

By Mark Johnston | 07/02/2022

The BOT will introduce virtual bank licences, relax fintech investment limits for banks, promote open data, and establish TCFD aligned disclosure standards.

AML / KYC

Crypto Prepares for a Regulated Future

By David Liu | 07/02/2022

As crypto goes mainstream, regulatory compliance will require robust and financial institution-grade AML and KYC processes, says David Liu.

Fintech / Regtech

Singapore Gets New Methodologies to Assess Responsible AI Use

By Editors | 06/02/2022

A new open-source software toolkit has also been published to enable financial institutions to automate the fairness metrics assessment.

Fintech / Regtech

Australia to Expand CDR Across Financial Services Sectors

By Mark Johnston | 04/02/2022

The government will assess which datasets to prioritise across the non-bank lending, merchant acquirer, superannuation and insurance sectors.

Fintech / Regtech

Taiwan to Enable Secure Sharing of Personal Credit Score Data

By Darien Choong | 04/02/2022

Under a new mechanism, consenting parties can submit personal credit score data to the JCIC, which will encrypt the data and securely share it with qualified P2P lenders.

Fintech / Regtech

IMF Urges El Salvador to Remove Bitcoin’s Legal Tender Status

By Editors | 03/02/2022

The IMF said the adoption of a cryptocurrency as legal tender entails “large risks” relating to financial stability, financial integrity, and consumer protection.