FINTECH / REGTECH

Fintech / Regtech

FSC Korea Selects 20 Entities for Digital Data Testbed

By Editors | 14/09/2021

Fintech startups will test their business ideas for 11 weeks between 27 September and 10 December, and announce their results by year end.

Fintech / Regtech

Ant Group Ordered to Separate Lending Apps from Alipay

By Editors | 13/09/2021

Ant Group’s lending businesses Huabei and Jeibei will also have to transfer data used for lending decisions to a new credit scoring joint venture.

Fintech / Regtech

MAS Grants RMO Licence to Digital Asset Platform SDAX

By Editors | 13/09/2021

SDAX allows asset owners to tokenise and list their assets as digital securities. Its first real estate token listing is expected within 2021.

AML / KYC

Three More Korean Crypto Exchanges Secure Deals with Banks

By Editors | 13/09/2021

Bithumb, Coinone, and Korbit will likely meet the 24 September deadline. Korean police are preparing for illegal incidents from exchanges that are forced to close.

Fintech / Regtech

RBI Account Aggregator Framework Brings Open Banking to India

By Editors | 12/09/2021

Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.

Fintech / Regtech

Philippines: BSP Has 11 Digital Bank Applications to Review

By Editors | 12/09/2021

Two applications were already under review. Nine new applications were received before the deadline. Only two more licences may be up for grabs.

Fintech / Regtech

Thailand to Revoke Huobi Digital Asset Exchange Licence

By Pongnut Thanaboonchai | 12/09/2021

Huobi was not able to fix deficiencies in its systems within various timelines stipulated by the SEC.

Fintech / Regtech

Global Central Banks Urged to Accelerate CBDC Efforts

By Manesh Samtani | 11/09/2021

Banks worried about the implications of CBDCs should be more worried about stablecoins, DeFi and bigtech challenging their models, says Benoît Cœuré.

AML / KYC

Taiwan to Revise Authentication Rules to Facilitate Digital Banking

By Editors | 10/09/2021

The new rules allow banks to use biometric authentication methods to fulfill identity authentication requirements for internet-based applications.