FINTECH / REGTECH

Fintech / Regtech

Regulatory Future Proofing with In-Memory Computing

By Editors | 24/04/2021

In-memory analytics tools allow even the most complex of regulatory calculations to be performed in minutes or seconds rather than hours.

Enforcement

Taiwan FSC Probes Next Bank Over Possible Regulatory Breaches

By Sanday Chongo Kabange | 22/04/2021

Next Bank is one of the three internet-only banks that was issued a licence by the FSC in 2019. The bank has yet to launch operations.

Crypto / Digital Assets

HM Treasury, BOE Form CBDC Taskforce to Explore ‘Britcoin’

By Sanday Chongo Kabange | 21/04/2021

The taskforce will coordinate work to explore a potential ‘Britcoin’, though a decision has not been made on whether a CBDC would be introduced.

Big Picture

ECB Calls for Common Standards for DLT Use in Post-Trade

By Sanday Chongo Kabange | 19/04/2021

Common protocols and standards are needed to improve the use of DLT in post-trade processes and avoid market fragmentation.

Fintech / Regtech

Privacy Cited as Top Concern for a European CBDC

By Sanday Chongo Kabange | 15/04/2021

ECB survey respondents cited privacy as the top priority feature for a potential digital euro, followed by security and usability across the euro area.

AML / KYC

Digital ID Perceived As Beneficial in Combatting Financial Crime

By Manesh Samtani | 14/04/2021

Digital IDs are perceived as beneficial for the fight against financial crime, an ACAMS-RUSI survey finds. However they may also present risks.

Fintech / Regtech

FSC Korea to Create Policy on Use of AI in Financial Services

By Editors | 14/04/2021

The policy seeks to improve fairness and transparency, and protect consumers from newly emerging financial crimes.

Fintech / Regtech

Korea Enhances Regulatory Sandbox Through Legislative Revisions

By Manesh Samtani | 13/04/2021

The revisions will allow sandbox participants to file requests to the FSC and other relevant authorities for changes to regulations.

Enforcement

Regulators Order Ant Group to Establish Financial Holding Company

By Manesh Samtani | 12/04/2021

Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.