FINTECH / REGTECH

AML / KYC

PBOC Directs Banks & Alipay to Stamp Out Crypto Activity

By Manesh Samtani | 22/06/2021

Financial institutions are asked to identify the capital accounts of crypto exchanges and OTC dealers, and cut off their payment channels.

Fintech / Regtech

China’s Sichuan Province Bans Crypto Mining Activity

By Sanday Chongo Kabange | 22/06/2021

Over 90% of China’s bitcoin mining capacity has effectively been shut down, after bans were imposed in key mining hubs in the country.

Fintech / Regtech

Malaysia, Thailand Establish Cross-border QR Payment Link

By Manesh Samtani | 21/06/2021

The first phase of the project, now complete, allows Thai users to make QR code payments to merchants in Malaysia, including for online e-commerce transactions.

Crypto / Digital Assets

Indian Banks to Develop Blockchain System for LCs

By Ranamita Chakraborty | 21/06/2021

The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.

Crypto / Digital Assets

InvestHK Launches 2021 Fintech Fast Track Programme

By Sanday Chongo Kabange | 21/06/2021

Selected companies will be showcased prominently at Hong Kong Fintech Week 2021 which takes place from 1 to 5 November.

Fintech / Regtech

HKMA to Conduct Industry Stock-take on Fintech Adoption

By Editors | 21/06/2021

All licensed banks with significant operations in Hong Kong must prepare and submit a questionnaire on fintech adoption by 31 December.

Fintech / Regtech

HKMA Issues Practice Guide on Cloud-based Regtech Solutions

By Manesh Samtani | 20/06/2021

Guidance is provided on the use of APIs to address barriers to adoption created by legacy systems that are inflexible to change.

Fintech / Regtech

HKMA Outlines Three Year Roadmap for Suptech Adoption

By Manesh Samtani | 20/06/2021

The HKMA will explore the potential conversion of regulations into machine-executable codes and the introduction of a system that automatically creates regulatory reports.

Fintech / Regtech

BSP to Issue Strict Regulations On ‘Digital Bank’ Branding

By Ranamita Chakraborty | 17/06/2021

Banks that do not meet specified conditions are prohibited from marketing themselves as digital banks, the BSP said in a circular.