Fintech / Regtech

AML / KYC

MAS, IMDA Propose Loss Sharing Framework for Phishing Scams

By Manesh Samtani | 25/10/2023

The framework assigns FIs and telcos duties to mitigate phishing scams, requiring them to bear full losses where these duties are breached.

Crypto / Digital Assets

Asia Braces for Wave of AI Regulations

By Blake Evans-Pritchard | 25/10/2023

The EU AI Act is likely to have far-reaching consequences for Asia, data experts tell Regulation Asia.

Fintech / Regtech

Australian Fintech Consortium Launches Solution to Tackle Verification and Identity Theft

By Mark Johnston | 25/10/2023

AP+ launches ConnectID, a service that lets customers verify their identity without oversharing their data, becoming the first non-government accredited […]

AML / KYC

Wolfsberg Group Updates Payment Transparency Standards

By Editors | 25/10/2023

The updated Standards support the use of the LEI in global payments, which GLEIF welcomed as a “strong endorsement”.

Fintech / Regtech

Europol Explores How Quantum Computing Will Impact Law Enforcement

By Mark Johnston | 24/10/2023

Europol report says law enforcement agencies need to build up their knowledge and transition to post-quantum cryptography.

Fintech / Regtech

US CFPB Proposes Rule to Implement Open Banking

By Editors | 23/10/2023

The CFPB says the proposed rule would allow consumers to “break up” with banks that provide bad service and forbid companies from misusing personal financial data.

Crypto / Digital Assets

HKMA Establishes New CBDC Expert Group

By Editors | 23/10/2023

The Expert Group comprises faculty members of five local universities, who will support the HKMA’s exploration of key policy and technical issues surrounding CBDC.

Fintech / Regtech

Google to Set Up Global Fintech Headquarters in India’s GIFT City

By Mark Johnston | 20/10/2023

Google will set up its global fintech headquarters in GIFT City and invest $10bn in India’s digitisation fund.

Fintech / Regtech

Taiwan FSC Issues New Guidelines for P2P Lending Platforms

By Editors | 20/10/2023

P2P platform operators have to implement six risk control mechanisms, including a real-name account system and arrangements for segregating customer funds.