FINTECH / REGTECH

Fintech / Regtech

HK, Mainland Expand Connectivity of Trade Finance Platforms

By Editors | 09/11/2021

Phase 1 connectivity supported exports to Hong Kong and imports from the Mainland, while phase 2 will cover exports to the Mainland and imports from Hong Kong.

Fintech / Regtech

Singapore to Deepen AI Capabilities in Financial Sector

By Mark Johnston | 09/11/2021

Singapore has pledged an additional S$180mn in additional AI research funding to enhance the financial sector’s AI capabilities.

Fintech / Regtech

MAS: SGFinDex Extended to Include Investment Holdings Data

By Editors | 08/11/2021

Individuals can now view information on their investment holdings at SGX’s central depository as part of their consolidated financial position.

Fintech / Regtech

Singapore Banks to Automate GIRO Application Process

By Darien Choong | 08/11/2021

The current GIRO application process takes three to four weeks to complete. The eGIRO service will reduce turnaround time to a few minutes for consumers.

AML / KYC

HKMA Launches AMLab Series to Experiment with Network Analytics

By Editors | 07/11/2021

Five banks will work with data experts to experiment with the use of data analytics and network diagrams in identifying suspected money mules.

Fintech / Regtech

Multi CBDC Bridge Project Moves to Test New Use Cases

By Sanday Chongo Kabange | 07/11/2021

The mBridge project team has collaborated with private sector participants to identify 15 potential business use cases that are now being tested.

Fintech / Regtech

Australia Open Banking Regime Reaches New Milestone

By Editors | 07/11/2021

Major banks can enable data sharing for corporate customers and business partnerships. Non-major banks face enforcement action for non-compliance with their data sharing obligations.

Fintech / Regtech

PBOC Governor Calls for Stricter Laws to Protect Data

By Sanday Chongo Kabange | 05/11/2021

PBOC governor Yi Gang expressed concerns that some big tech firms have been collecting customer data without consent and misusing the data.

Crypto / Digital Assets

CBA to Become First Major Aussie Bank to Offer Crypto Trading

By Sanday Chongo Kabange | 05/11/2021

CBA will offer customers the ability to buy, sell and hold crypto assets directly through its ‘CommBank’ app, which is currently used by close to six million customers.