Fintech / Regtech

BSP Introduces Open Finance Pilot to Advance Financial Inclusion Objectives

By Ranamita Chakraborty | 23/06/2023

The pilot involves participation from FIs to co-develop an “open, interoperable, and scalable ecosystem”, supported by the BSP and IFC.

Fintech / Regtech

FSB Consults on Third-Party Risk Management Toolkit

By Editors | 23/06/2023

The toolkit has been developed amid a growing reliance on third-party service providers for critical financial sector operations.

Fintech / Regtech

US DOJ Launches New Section to Focus on Cyber Threats

By Mark Johnston | 23/06/2023

The new section will focus national security cyber threats, such as state-sponsored hackers, cybercriminals, and money launderers.

Fintech / Regtech

ASIC Chair Cautions Against Hasty Implementation of AI Tools

By Editors | 22/06/2023

ASIC plans to extend its automated order processing rules to futures markets and update its electronic trading guidance to reflect developments with AI.

Fintech / Regtech

FSC Korea Unveils New Support Programme for Fintech Firms

By Mark Johnston | 22/06/2023

The FSC said it will select 30 promising fintech companies and provide them opportunities to obtain funding, receive consulting, and expand overseas.

Fintech / Regtech

Embattled PwC Caught up in Russian Cyberattack

By Editors | 22/06/2023

A Russian hacker group known as CL0P exploited a vulnerability in MOVEit, a third-party software platform used for secure data transfer.

Big Picture

French Regulator Calls for Global Approach to DeFi Regulation

By Editors | 21/06/2023

The AMF seeks a “balanced regulatory framework that will help support the sound development of decentralised finance in the long run”.

Crypto / Digital Assets

MAS Proposes Common Digital Money Standards

By Karen Ng | 21/06/2023

MAS has published a whitepaper specifying conditions for the use of digital money.

Fintech / Regtech

Philippines, India Agree to Collaborate on FinTech Regulation

By Ranamita Chakraborty | 21/06/2023

Key representatives from the central banks and regulatory bodies of both countries have formed a joint working group.

Fintech / Regtech

SFC Grants Securities Licence to Virtual Bank for the First Time

By Editors | 21/06/2023

With the new licence, Mox Bank will start piloting Hong Kong and US equity trading services in the HKMA sandbox “soon”.

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