Fintech / Regtech

AML / KYC

PBOC Eases Overseas Transactions Rules for Domestic Payment Firms

By Darien Choong | 23/06/2022

Domestic payments institutions can use the cross-border CNY settlement services of banks for e-commerce and ‘new models’ of foreign trade.

Crypto / Digital Assets

MAS Grants Three More In-Principle Approvals to Crypto Firms

By Manesh Samtani | 22/06/2022

Deputy PM Heng Swee Keat said in-principle approvals were being issued to three more DPT licence applicants, later identified as Crypto.com, Genesis and Sparrowtech.

Crypto / Digital Assets

BISIH London to Develop API Prototypes for Retail CBDC

By Editors | 22/06/2022

Project Rosalind aims to develop APIs for retail CBDC distribution that best enable a central bank ledger to interact with private sector service providers.

Fintech / Regtech

NPCI, Lyra Network Sign MOU to Allow UPI Payments in France

By Editors | 22/06/2022

The MOU will allow Indians to make payments in France using UPI and Rupay cards at terminals and ATMs provided by Lyra Networks.

ESG / Sustainability

MAS Unveils First Use Case for New AI Platform ‘NovA!’

By Sanday Chongo Kabange | 22/06/2022

NovA! will initially be used for ESG risk assessments when originating, underwriting and servicing sustainability-linked loans for the real estate sector.

Crypto / Digital Assets

BIS Vision for Monetary System Doesn’t Include Crypto

By Manesh Samtani | 21/06/2022

BIS says crypto and DeFi have structural limitations and inherent risks that make them unsuitable for the future digital monetary system.

Fintech / Regtech

China Tightens Rules on Mobile App Development

By Darien Choong | 21/06/2022

The new rules, which takes effect on 1 August, require mobile apps to force users to authenticate their identities.

Fintech / Regtech

PBOC Accepts Ant Group’s FHC Licence Application – Report

By Editors | 21/06/2022

Ant Group is reportedly aiming to file a preliminary IPO prospectus as early as next month, subject to regulatory feedback on its financial holding company setup.

Crypto / Digital Assets

Korea: New FSC, FSS Chiefs to Prioritise Stability, Growth

By Mark Johnston | 20/06/2022

The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.