Fintech / Regtech

RBA Considers Banning ‘Default’ Route on Dual Network Cards

By Editors | 23/05/2023

The RBA had set an expectation that merchants would be offered least-cost routing by end-2022, but the industry did not meet this timeline.

Fintech / Regtech

Australia Confirms Plans to Regulate BNPL as Credit Products

By Editors | 23/05/2023

BNPL providers will be required to hold Australian Credit Licences and comply with Responsible Lending Obligations, among other requirements.

Fintech / Regtech

MAS Launches AI & Data Analytics Talent Development Programme

By Editors | 23/05/2023

MAS will work with the IBF, educational institutions and training providers to develop and co-curate training programmes to address a shortage of AIDA talent.

Crypto / Digital Assets

Indian Crypto Firms Call for UPI Access to be Restored

By Karen Ng | 22/05/2023

The calls for UPI access to be restored come after India’s government added virtual assets to the country’s Prevention of Money Laundering Act in March.

Fintech / Regtech

ASX Will No Longer Use Blockchain for CHESS Replacement System

By Mark Johnston | 22/05/2023

ASX said the rebuild will need to use “a more conventional technology” and no longer involve blockchain or DLT.

AML / KYC

Report Warns of Elevated Digital Attacks Rate Throughout 2023

By Sanday Chongo Kabange | 21/05/2023

LexisNexis Risk Solutions published a new report showing a 50 percent year-on-year increase in APAC’s payment attack rate.

Fintech / Regtech

34 FIs Have Joined Swift Service for Addressing Settlement Fails

By Editors | 19/05/2023

The service leverages the UTI to link all Swift messages related to the same securities settlement flow in a transaction chain.

Fintech / Regtech

Korea Establishes Taskforce to Improve Data Regulations

By Editors | 19/05/2023

The taskforce was established to lay the groundwork for promoting “data-driven innovation” in the financial industry.

Fintech / Regtech

FSC Korea Vows to “Actively” Support AI-based Financial Services

By Sanday Chongo Kabange | 19/05/2023

FSC chairman Kim Joo-hyun asked FIs to actively invest in and use AI to strengthen the global competitiveness of Korea’s financial industry.

Crypto / Digital Assets

GFMA Report Details How DLT Will Benefit Capital Markets

By Editors | 18/05/2023

The report calls for market participants to proactively shape the future use of DLT and for policymakers to provide greater regulatory clarity.

JOIN OUR NEWSLETTER

An exclusive weekly selection of top stories from the Regulation Asia editorial team.