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Fintech / Regtech
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”.
AML / KYC
Hong Kong Launches AML Information Sharing Platform for Banks
By Manesh Samtani | 21/06/2023
The five banks participating in the pilot phase are BOCHK, Standard Chartered, HSBC, Hang Seng Bank, and ICBC Asia.
Crypto / Digital Assets
BIS Offers Blueprint for Future Monetary & Financial System
By Editors | 21/06/2023
The BIS says the future financial system will combine tokenised money and assets on a programmable platform.
Big Picture
Richmond Fed Offers Insights on the Use of AI in Banking
By Manesh Samtani | 19/06/2023
Bank supervisors express optimism regarding banks’ ability to leverage AI-based models in credit evaluation, despite the challenges.
Fintech / Regtech
BOT Publishes New Consultation Paper on Virtual Bank Licensing Framework
By Editors | 19/06/2023
The consultation paper clarifies expectations for virtual banks to stimulate healthy competition and elaborates on the key qualifications of applicants.
Crypto / Digital Assets
Global Consortium Executes First “Quantum-Secure” Trade Transaction
By Sanday Chongo Kabange | 19/06/2023
The trade parties utilised IMDA’s ‘TradeTrust framework’ and placed a quantum-secure ‘seal’ on the electronic trade documents.
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