Fintech / Regtech

Fintech / Regtech

CFTC Goes Live With New Swap Data Reporting Requirements

By Editors | 07/12/2022

The changes introduce new and updated data fields to drive the submission of more standardised trade data, largely based on the CDE developed by CPMI and IOSCO.

AML / KYC

Wolfsberg Group Endorses Use of AI/ML for Financial Crime Compliance

By Manesh Samtani | 05/12/2022

New report sets out five principles that support the ethical and responsible use of artificial intelligence and machine learning in financial crime compliance.

AML / KYC

AUSTRAC Consults on Drafts Guidance to Address Debanking

By Sanday Chongo Kabange | 05/12/2022

FIs should consider a remitter’s, DCE’s or fintech’s registration with AUSTRAC as a mitigating factor when assessing its ML/TF risks.

Fintech / Regtech

BSP Launches New, Free, Interoperable Bill Payment Facility

By Editors | 05/12/2022

Through Bills Pay PH, customers can make digital payments to almost 500 on-boarded billers for free even if they use different payment service providers.

Enforcement

US Financial Firms to Spend $18bn on Surveillance Tech This Year

By Editors | 03/12/2022

The increased spending comes after multiple financial firms were fined for failing to monitor and keep records on employees’ communications via messaging apps.

Capital / Liquidity

APRA Pledges to Minimise Burden of New Data Collections

By Editors | 02/12/2022

APRA says it is committed to “early and frequent” engagement with the industry on its new data collections, what it calls a “co-design approach”.

Fintech / Regtech

EU’s Digital Operational Resilience Act Wins Final Approval

By Manesh Samtani | 01/12/2022

All financial entities and the third parties that provide them ICT-related services will have to adhere to DORA requirements from around the end of 2024.

Crypto / Digital Assets

More Than 500 Banks Have Now Adopted ‘Swift Go’

By Editors | 30/11/2022

Swift outlines progress made in 2022 toward the G20’s goals for enhancing cross-border payments, including through CBDC experimentation.

AML / KYC

GLEIF Enables LEI Mapping for S&P Global Company IDs

By Editors | 30/11/2022

GLEIF already provides ISIN-LEI, BIC-LEI and MIC-LEI mapping certification, and has been encouraging data vendors to map their identifiers to the LEI.