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Fintech / Regtech
Fintech / Regtech
Philippine Banks Undergo Major Change in Regulatory Reporting
By Manesh Samtani | 11/04/2023
BSP deputy governor Chuchi Fonacier says 18 reporting templates and Excel files totalling 300-plus schedules are being reduced to a single XML file.
Crypto / Digital Assets
SEB, Crédit Agricole Launch Digital Bond Issuance Platform
By Editors | 11/04/2023
The platform uses a blockchain validation protocol called “Proof of Climate awaReness”, which incentivises participating nodes to improve their environmental impact.
Enforcement
US State Regulators Fine Robinhood for Causing Investor Harm
By Editors | 11/04/2023
Robinhood disseminated inaccurate information to customers and did not have a reasonably designed customer identification programme, among other failures.
Fintech / Regtech
Taiwan Internet-only Insurance Applicants Fail to Win Approval
By Editors | 10/04/2023
Formosa Property Insurance was rejected in December. CTBC Insurance was not sufficiently innovative or differentiated from other existing products.
Fintech / Regtech
ACCC Warns of Penalties for Poor Quality Open Banking Data
By Editors | 10/04/2023
Enforcement efforts will be focused on issues involving the quality of product reference data such as incorrect interest rates and missing data.
Securities / Derivatives
SET to Streamline Market Data Licensing Processes
By Editors | 07/04/2023
The Stock Exchange of Thailand has partnered with DataBP to launch a new online platform that will simplify reporting and standardise market data administration.
AML / KYC
BSP Issues New CDD Rules to Support PhilSys Enabled e-KYC
By Sanday Chongo Kabange | 07/04/2023
The PhilSys national digital ID system is acceptable for e-KYC, provided it is supported by “robust technology, adequate governance, processes, and procedures”.
Crypto / Digital Assets
US Treasury Publishes First Ever DeFi Risk Assessment
By Manesh Samtani | 07/04/2023
Treasury calls on the private sector to use the risk assessment to inform their risk mitigation strategies, and offers recommendations on government action.
Fintech / Regtech
RBI Scraps Plans to Allow Firms to Develop UPI Alternative
By Editors | 07/04/2023
RBI deputy governor T Rabi Sankar says ‘new umbrella entity’ applicants did not propose solutions that were particularly innovative.
Fintech / Regtech
Wanton Wiper Malware and the Weaponization of Legitimate Tools
By Lotem Finkelstein | 07/04/2023
A bigger threat than ransomware is the reemergence of malware that destroys sensitive data, says Lotem Finkelstein.
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