Fintech / Regtech

AML / KYC

HKMA Issues New AML/CFT Guidance for Private Banks

By Manesh Samtani | 08/03/2023

Guidance is offered to reduce the burden on legitimate private banking customers trying to use banking services in Hong Kong.

Crypto / Digital Assets

BIS Innovation Hub Nordic Centre Completes Retail CBDC Project

By Editors | 06/03/2023

Project Icebreaker shows that different countries can implement different CBDC solutions and still participate in a formalised interlinking arrangement to enable instant cross-currency transactions.

AML / KYC

Pakistan to Launch Blockchain-based KYC Platform for Banks

By Sanday Chongo Kabange | 04/03/2023

Participating banks will be able to perform assessments of their customers using information available at any other bank using the new platform.

Crypto / Digital Assets

RBA Selects Use Cases to be Tested in Live CBDC Pilot

By Manesh Samtani | 03/03/2023

ANZ is involved in four case proposals; CBA is involved in two. Mastercard and Cuscal propose to use CBDC to enable consumers to buy NFTs.

Fintech / Regtech

US Banks Impose Restrictions on Use of ChatGPT

By Editors | 01/03/2023

JPMorgan, Citigroup, Goldman Sachs, Deutsche Bank, Wells Fargo and Bank of America are among those reported to have imposed restrictions.

Fintech / Regtech

BondEvalue Approved to Operate Fractional Bond Exchange in GIFT City

By Editors | 28/02/2023

GIFT City members and their clients will be able to access institutional-grade USD bonds via BondbloX Exchange.

Fintech / Regtech

SEBI Issues New Advisory on Cybersecurity Practices

By Editors | 28/02/2023

The advisory calls on firms to take into account concentration risk when outsourcing multiple critical services to the same third party vendor.

Fintech / Regtech

UK, Australia Should Draw Open Banking Lessons from Each Other

By Mark Johnston | 26/02/2023

NatWest and National Australia Bank published a white paper drawing lessons from the UK and Australia’s open banking implementations.

AML / KYC

BNM Issues Draft Rules on Using e-KYC Solutions for Onboarding

By Editors | 24/02/2023

BNM encourages the use of e-KYC solutions that leverage AI, machine learning or other forms of predictive algorithms to ensure accurate identification and verification.