FINTECH / REGTECH

Fintech / Regtech

MAS Partners with Mojaloop Foundation on Financial Inclusion

By Editors | 27/05/2021

The partnership will bring together MAS’ policy development perspectives and Mojaloop’s digital payments capability to advance financial inclusion.

Fintech / Regtech

Malaysia Launches Islamic Fintech Accelerator Programme

By Editors | 26/05/2021

The FIKRA Islamic Fintech Accelerator Programme seeks to promote an Islamic fintech innovation ecosystem in Malaysia’s capital market.

Crypto / Digital Assets

Bank Indonesia Explores CBDC as Legal Payment Instrument

By Editors | 26/05/2021

The central bank is assessing which platform and technology it will use to issue a digital rupiah as a legal digital payment instrument in Indonesia.

Fintech / Regtech

Bank of Korea Seeks Technology Partner to Test CBDC

By Sanday Chongo Kabange | 25/05/2021

The testing and simulation exercise will be conducted in two phases, the first involving the creation, issuance and redemption of a digital won.

Crypto / Digital Assets

Australia: Senate Committee to Probe ‘Debanking’ of Fintechs

By Ranamita Chakraborty | 25/05/2021

The government needs to better understand the policy issues which may be leading to debanking so that they can be addressed, said Senator Andrew Bragg.

AML / KYC

HKMA Urges Banks to Use iAM Smart in Remote Onboarding

By Manesh Samtani | 25/05/2021

The HKMA clarifies that when iAM Smart is used for identity verification, record keeping requirements may be met by retaining data obtained via API.

AML / KYC

Hong Kong to Bar Retail Investors from Crypto Trading

By Manesh Samtani | 24/05/2021

Hong Kong’s FSTB has issued consultation conclusions on the new licensing regime for VASPs and a new registration regime for precious metals dealers.

Big Picture

Infrastructure Critical for Successful CBDC Development – Report

By Sanday Chongo Kabange | 22/05/2021

A new report analyses the four axes of consideration for the design features of all CBDCs, as proposed by the IMF, and the implications each choice has on infrastructure.

Big Picture

CBDCs Present Central Banks with Risk-Benefit Trade-off: Fitch

By Sanday Chongo Kabange | 20/05/2021

The potential for funds to move quickly into CBDC accounts could cause credit strains in some banks and push up interest rates.