Fintech / Regtech

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    Capital / Liquidity

    Regulatory Uncertainty a Key FRTB Implementation Challenge

    By Manesh Samtani | 25/05/2023

    Persistent regulatory timeline uncertainty is a primary implementation challenge of FRTB in APAC, Murex found in a survey of banks.

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    Fintech / Regtech

    RBA Considers Banning ‘Default’ Route on Dual Network Cards

    By Editors | 23/05/2023

    The RBA had set an expectation that merchants would be offered least-cost routing by end-2022, but the industry did not meet this timeline.

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    Fintech / Regtech

    Australia Confirms Plans to Regulate BNPL as Credit Products

    By Editors | 23/05/2023

    BNPL providers will be required to hold Australian Credit Licences and comply with Responsible Lending Obligations, among other requirements.

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    Fintech / Regtech

    MAS Launches AI & Data Analytics Talent Development Programme

    By Editors | 23/05/2023

    MAS will work with the IBF, educational institutions and training providers to develop and co-curate training programmes to address a shortage of AIDA talent.

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    Crypto / Digital Assets

    Indian Crypto Firms Call for UPI Access to be Restored

    By Karen Ng | 22/05/2023

    The calls for UPI access to be restored come after India’s government added virtual assets to the country’s Prevention of Money Laundering Act in March.

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    Fintech / Regtech

    ASX Will No Longer Use Blockchain for CHESS Replacement System

    By Mark Johnston | 22/05/2023

    ASX said the rebuild will need to use “a more conventional technology” and no longer involve blockchain or DLT.

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    AML / KYC

    Report Warns of Elevated Digital Attacks Rate Throughout 2023

    By Sanday Chongo Kabange | 21/05/2023

    LexisNexis Risk Solutions published a new report showing a 50 percent year-on-year increase in APAC’s payment attack rate.

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    Fintech / Regtech

    34 FIs Have Joined Swift Service for Addressing Settlement Fails

    By Editors | 19/05/2023

    The service leverages the UTI to link all Swift messages related to the same securities settlement flow in a transaction chain.

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    Fintech / Regtech

    Korea Establishes Taskforce to Improve Data Regulations

    By Editors | 19/05/2023

    The taskforce was established to lay the groundwork for promoting “data-driven innovation” in the financial industry.

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    Fintech / Regtech

    FSC Korea Vows to “Actively” Support AI-based Financial Services

    By Sanday Chongo Kabange | 19/05/2023

    FSC chairman Kim Joo-hyun asked FIs to actively invest in and use AI to strengthen the global competitiveness of Korea’s financial industry.

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