FINTECH / REGTECH

Fintech / Regtech

Indonesia Religious Council Declares Crypto Assets Forbidden

By Editors | 12/11/2021

Crypto assets as a currency are considered haram, or banned, for Muslims, according to Indonesia’s National Ulema Council.

AML / KYC

Singapore, UAE Conclude Digital Trade Financing Pilot

By Editors | 12/11/2021

The pilot enabled trading counterparties and transacting banks to digitally validate and exchange trade documents in real-time.

Fintech / Regtech

Malaysia Joins PoC Project to Test Cross-border Payment Links

By Editors | 11/11/2021

BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.

Fintech / Regtech

PBOC Seeks to Enhance CBDC Design and Functionality

By Manesh Samtani | 11/11/2021

The PBOC will improve the e-CNY’s settlement efficiency, privacy protection, anti-counterfeiting measures, and interoperability with existing payment tools.

Fintech / Regtech

Indonesia, UAE to Cooperate on Payments, Fintech, AML

By Editors | 11/11/2021

Central banks will cooperate on cross-border payments, fintech, and AML. Financial services regulators will cooperate on developing the Islamic finance industry.

Fintech / Regtech

MAS to Build Out CBDC Infrastructure, Technical Competencies

By Manesh Samtani | 10/11/2021

Speaking at Singapore Fintech Festival, MAS managing director Ravi Menon outlined three reasons MAS could issue to a CBDC, while also highlighting the associated risks.

AML / KYC

What Future AML Compliance Requires: A Technology Perspective

By Amber Qin | 10/11/2021

Intelligent AML solutions need to achieve a fine balance between compliance, transparency, effectiveness, and efficiency, say Amber Qin and Sophia Wu from Ant Group.

Fintech / Regtech

MAS to Launch Decentralised Credentials Platform for Fintechs

By Mark Johnston | 09/11/2021

MAS is launching a decentralised platform that will help banks assess the credentials, compliance readiness and credibility of fintech firms.

Fintech / Regtech

Project Greenprint: MAS Unveils Plans to Boost Green Finance

By Darien Choong | 09/11/2021

To support the green finance ecosystem, MAS and the industry will together develop four interoperable platforms under Project Greenprint.