Fintech / Regtech

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    Enforcement

    Swedbank Fined for IT Incident Which Impacted 1m Customers

    By Editors | 16/03/2023

    Swedbank made a change to a business-critical IT system without following its internal procedures and processes.

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    Fintech / Regtech

    US Announces July Launch Date for FedNow Service

    By Editors | 16/03/2023

    The Federal Reserve said it will begin the formal certification of participants for launch of the FedNow Service in the first week of April.

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    Fintech / Regtech

    DTCC Offers New Tool to Facilitate LIBOR Transition

    By Editors | 16/03/2023

    Widespread usage of the tool will be “an important component to help ensure a successful transition,” said Tom Wipf, who chairs the ARRC.

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    AML / KYC

    HKIMR Report Explores GBA Cross-border Payments Challenges

    By Editors | 16/03/2023

    A survey of FIs found that some GBA transactions are still processed manually. Other challenges relate to differing messaging formats, regulatory requirements and investment quotas.

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    Fintech / Regtech

    Sea Group Launches Digital-only MariBank in Singapore

    By Editors | 15/03/2023

    Invitations are currently limited to users of Sea Group’s ecosystem such as Shopee customers and individual sellers.

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    Fintech / Regtech

    BSP Sets 1 July for Mandatory Adoption of QR Ph Standard

    By Editors | 15/03/2023

    From 1 July, all FIs and PSPs must disable all non-QR Ph codes and proprietary QR codes and ensure they are no longer be available to the public.

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    Crypto / Digital Assets

    Digital Asset Developments in South Korea: Balancing Innovation and Risk

    By Rahul Advani | 15/03/2023

    South Korea’s thoughtful approach to regulating digital assets will foster growth and innovation and result in a more vibrant and inclusive digital economy, say Rahul Advani and Angela Ang.

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    Fintech / Regtech

    Korea May See ATS Platforms Launch Within This Year

    By Editors | 14/03/2023

    Applications for preliminary accreditation will be accepted between 27-30 March. Once authorisation is granted, firms will have six months to launch.

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    Fintech / Regtech

    ICMA Releases New Bond Data Taxonomy

    By Editors | 14/03/2023

    The Taxonomy will enable firms to more easily leverage new technologies, streamline issuance and post-trade operations, and exchange data.

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    Crypto / Digital Assets

    CFTC Unveils Newly Constituted Tech Advisory Committee

    By Editors | 14/03/2023

    Carole House from Terranet Ventures and Ari Redbord from TRM Labs will serve as committee chair and vice chair, respectively.

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