Fintech / Regtech

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    Enforcement

    Taiwan: Cathay Financial Units Fined for Connectivity Issues

    By Editors | 04/09/2023

    Cathay Securities and Cathay Futures failed to perform capacity tests and application system stress testing operations, the FSC said.

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    Fintech / Regtech

    China Issues New Data Security Rules for Money Brokers

    By Editors | 03/09/2023

    The rules set out requirements for money brokers that provide data services to customers. A list of permitted data recipients is published.

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    AML / KYC

    MAS Offers New Guidance on BO Identification, Complex Structures

    By Manesh Samtani | 01/09/2023

    MAS inspections found “executional lapses” in this area as a result of “weak oversight” and “lack of risk awareness and vigilance”.

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    AML / KYC

    Understanding the Value of Global Identifiers in the Fight Against Financial Crime

    By Clare Rowley | 31/08/2023

    Clare Rowley explores how the LEI is uniquely positioned to strengthen the fight against international financial crime.

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    Fintech / Regtech

    FSC Korea Pledges Support for Fintech Industry

    By Sanday Chongo Kabange | 31/08/2023

    The FSC will improve regulations to promote fintech innovation in Korea and also support the expansion of fintech firms overseas.

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    Securities / Derivatives

    What SGX Regco Expects Of Disclosures Around Key Financial Indicators

    By Boon Gin Tan | 31/08/2023

    Boon Gin Tan and June Sim discuss SGX RegCo’s expectations of disclosures in respect of three financial indicators that are actively monitored.

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    Fintech / Regtech

    India, New Zealand Start Talks on UPI-based Payments Link

    By Editors | 30/08/2023

    NPCI and Payments NZ are in early discussions regarding the use of the UPI system to establish a cross-border payment link.

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    Fintech / Regtech

    Australia Consults on CDR Expansion to Non-bank Lenders

    By Editors | 30/08/2023

    The Consumer Data Right regime will apply to the non-bank lending sector in stages, starting from 1 November 2024.

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    AML / KYC

    Indian Banks Working on New Industry Platform to Combat Fraud – Report

    By Editors | 30/08/2023

    The platform will enable banks to share real-time information that can be used to stop digital fraud and trace the funds.

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    Fintech / Regtech

    Singapore, India Complete First Interoperable eBL Transaction

    By Editors | 29/08/2023

    Supported by Enterprise Singapore, DBS Bank completed the transaction in partnership with Maptrasco using IMDA’s TradeTrust framework.

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