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Enforcement
UK Regulators Fine TSB Bank Over IT Upgrade Failures
By Editors | 22/12/2022
An IT system upgrade in April 2018 resulted in nearly 2 million TSB Bank customers being unable to access banking services.
Fintech / Regtech
HKMA Issues Guidance on Using Digital Platforms to Offer Credit
By Manesh Samtani | 21/12/2022
With the growing popularity of digital platforms to apply for credit products, banks are “reminded to ensure proper protection of their customers”, the HKMA said.
Crypto / Digital Assets
Indonesian Lawmakers Pass Major Financial Sector Reforms
By Editors | 20/12/2022
The legislation changes the central bank’s mandate, shifts crypto sector oversight to OJK, makes a digital rupiah legal tender, and introduces a carbon trading framework.
Crypto / Digital Assets
CGS-CIMB Becomes First Brokerage to Establish Link to ADDX
By Editors | 20/12/2022
CGS-CIMB is providing accredited investor clients access to tokenised and fractionalised private market securities via ADDX.
Fintech / Regtech
ASIFMA Asks for Changes to SEBI Cloud Adoption Framework
By Editors | 19/12/2022
ASIFMA says the data localisation requirements in SEBI’s new cloud adoption framework will expose FIs to greater cybersecurity risks while negatively impacting global operations.
ESG / Sustainability
Malaysia Publishes ‘Climate Data Catalogue’, Identifies Data Gaps
By Editors | 19/12/2022
Malaysia’s JC3 says the data catalogue “represents a call to action” for stakeholders to collectively improve the availability and accessibility of climate data.
Fintech / Regtech
Singapore, EU to Expand Partnership to ‘Digital Realm’
By Editors | 18/12/2022
The partnership includes efforts to advance new and emerging areas such as 5G/6G, artificial intelligence, and digital identities.
Fintech / Regtech
ACCC Fines ING for Breaching CDR Rules, Refuses iSignthis Accreditation
By Editors | 18/12/2022
The ACCC said ING Bank was not capable of receiving consumer data requests from accredited data recipients within the required timelines.
Crypto / Digital Assets
Ant Group Embeds e-CNY Processing in Alipay Digital Wallet
By Editors | 17/12/2022
The integration of third party payments platforms is expected to boost e-CNY adoption while preventing the displacement of existing players in China’s payments sector.
Crypto / Digital Assets
Australia Seeks Input on Strategic Plan for Payments System
By Manesh Samtani | 15/12/2022
The government will also empower the RBA to regulate digital wallet providers and improve the regulatory framework for crypto service providers.
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