Fintech / Regtech

AML / KYC

UK Banks to Pilot AML Data Sharing from October – Report

By Editors | 26/06/2023

One pilot will allow banks to share data if they suspect financial crime. Another pilot will involve the launch of a database for suspected economic crime.

AML / KYC

ABS Launches New Registry to Counter Trade Finance Fraud

By Manesh Samtani | 25/06/2023

Participating banks can register new trade financing transactions and receive real-time notifications if instances of duplication are detected.

Fintech / Regtech

Korea ‘Financial AI Data Library’ to Start Operations in July

By Sanday Chongo Kabange | 24/06/2023

The Financial AI Data Library allows the reuse of pseudonymous information in a secure environment, which will help fintechs and financial firms save time and cost.

ESG / Sustainability

MAS Partners UNDP, GLEIF to Digitise ESG Credentials for MSMEs

By Ranamita Chakraborty | 23/06/2023

Project Savannah will establish a common framework of ESG metrics for MSMEs, enabling them to meet the UN SDGs and facilitate their access to cross-border opportunities.

Fintech / Regtech

BSP Introduces Open Finance Pilot to Advance Financial Inclusion Objectives

By Ranamita Chakraborty | 23/06/2023

The pilot involves participation from FIs to co-develop an “open, interoperable, and scalable ecosystem”, supported by the BSP and IFC.

Fintech / Regtech

FSB Consults on Third-Party Risk Management Toolkit

By Editors | 23/06/2023

The toolkit has been developed amid a growing reliance on third-party service providers for critical financial sector operations.

Fintech / Regtech

US DOJ Launches New Section to Focus on Cyber Threats

By Mark Johnston | 23/06/2023

The new section will focus national security cyber threats, such as state-sponsored hackers, cybercriminals, and money launderers.

Fintech / Regtech

ASIC Chair Cautions Against Hasty Implementation of AI Tools

By Editors | 22/06/2023

ASIC plans to extend its automated order processing rules to futures markets and update its electronic trading guidance to reflect developments with AI.

Fintech / Regtech

FSC Korea Unveils New Support Programme for Fintech Firms

By Mark Johnston | 22/06/2023

The FSC said it will select 30 promising fintech companies and provide them opportunities to obtain funding, receive consulting, and expand overseas.