Fintech / Regtech

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.

Fintech / Regtech

Cambodia Establishes Common National Standard for QR Payments

By Editors | 12/07/2022

NBC intends to use the new KHQR system to facilitate cross-border payments within the region in future.

AML / KYC

GCFFC Offers Recommendations on Improving AML Effectiveness

By Manesh Samtani | 12/07/2022

PPPs could benefit from the FATF providing a clearer endorsement of their benefits within the global framework, the paper says.

Fintech / Regtech

FSC Korea Approves Rule Change to Promote Data Convergence

By Sanday Chongo Kabange | 11/07/2022

Firms that do not hold their own data will be allowed to use pseudonymised data from other businesses in their analysis.

AML / KYC

GLEIF Launches vLEI Issuer Qualification Programme

By Manesh Samtani | 07/07/2022

The vLEI is a digital version of the LEI which can be securely verified online against the source information held in GLEIF’s data repository.

Fintech / Regtech

BSEC Orders Stock Exchanges to Establish Integrated Reporting Platform

By Editors | 06/07/2022

The DSE and CSE were instructed to consolidate their online data gathering, information submission and dissemination platforms into a single integrated platform.