FINTECH / REGTECH

Fintech / Regtech

Korea FSC Expands Open Banking Services to Fintechs

By Sanday Chongo Kabange | 29/07/2021

Users will be able to access information about their prepaid deposit accounts from mobile applications of any FI offering open banking.

AML / KYC

FSC Finds VASP Deposit Accounts Linked to Fraudulent Activity

By Editors | 29/07/2021

Crypto exchanges in Korea are required to use bank accounts under their real names. Third party bank accounts are not allowed.

Fintech / Regtech

Beijing Financial Court Launches Fintech Legal Research Centre

By Sanday Chongo Kabange | 28/07/2021

The Beijing Fintech Legal Research Centre will research fintech compliance standards, explore regulatory models, and drive fintech legal advances.

AML / KYC

Crypto to Become One of the ‘Safest Environments Ever’

By Manesh Samtani | 28/07/2021

Experts discuss regulatory fragmentation, rapid travel rule adoption, and good compliance practices for VASPs.

Fintech / Regtech

Eftpos Explores Better Access to Electronic Payments by Fintechs

By Sanday Chongo Kabange | 28/07/2021

A new committee has been formed with FinTech Australia to facilitate discussion on enhancing fintech firms’ access to the eftpos network.

Crypto / Digital Assets

Singapore’s CTX to Debut Cross-border Trading of China Carbon Credits

By Sanday Chongo Kabange | 27/07/2021

Cyberdyne Tech Exchange said its carbon neutrality tokens, or CNTs, would pave the way for carbon credits to be transferred across international borders.

Capital / Liquidity

Centralised Valuation Engine: An Uplift to Compliance & Decision Making

By Manesh Samtani | 27/07/2021

The benefits of a centralised valuation engine for derivatives portfolios have become more apparent for banks amid the pandemic and as the final Basel requirements loom.

AML / KYC

HKMA Issues Guide for Regtech Adoption in Customer Monitoring

By Manesh Samtani | 27/07/2021

The Guide will help banks assess whether they have the appropriate governance, controls, skills, infrastructure and underlying data to adopt Regtech solutions in ongoing monitoring of customers.

AML / KYC

Singapore: “Several” DPT Licences in Final Stages of Review

By Editors | 27/07/2021

Of around 170 digital payment token service providers who applied for a licence, 30 applications have been withdrawn after engagement with MAS and two have been rejected.