Fintech / Regtech

Crypto / Digital Assets

BOJ to Involve Banks in CBDC Testing Around April 2023

By Sanday Chongo Kabange | 28/11/2022

The BOJ’s next phase of CBDC testing will involve Japan’s three megabanks as well as regional banks. A digital yen could be issued in 2026.

Fintech / Regtech

FSC Korea Outlines Reforms to Provide Boost to Insurance Sector

By Editors | 26/11/2022

The reforms will promote digital marketing and sales channels, product innovation, and ease insurance asset management rules to enable more efficient portfolio management.

Fintech / Regtech

UK, Singapore to Deepen Collaboration on FinTech, Sustainable Finance

By Editors | 26/11/2022

The UK and Singapore agreed to deepen cooperation on FinTech and sustainable finance, including to explore a global framework for regulating ESG ratings and data providers.

AML / KYC

HKMA, Cyberport Host Third AML Regtech Lab

By Sanday Chongo Kabange | 25/11/2022

The HKMA says retail banks increased their identification and reporting of suspicious accounts and networks by 127 percent compared to a year ago.

Fintech / Regtech

DBS Completes First Intraday Repo Trade on JPM Blockchain Network

By Editors | 24/11/2022

DBS said it is the first Asian bank to complete an intraday repo transaction using the Onyx network, created by JP Morgan in 2020.

Fintech / Regtech

ZA Bank, Wise Partner to Offer International Remittances

By Manesh Samtani | 24/11/2022

ZA Bank will offer a “hassle-free service to users, without worrying about any foreign exchange markup, hidden charges and transfer progress.”

Fintech / Regtech

IMF Shines Spotlight on Benefits of Instant Payments

By Sanday Chongo Kabange | 24/11/2022

The IMF says demand attributes and benefits offered by instant payments may make CBDC less compelling if issued.

Fintech / Regtech

Thailand Eases Rules for FX Business Operators

By Sanday Chongo Kabange | 23/11/2022

The new rules will help promote innovation by foreign exchange service providers while also reducing the operational burden associated with licensing.

Fintech / Regtech

ASIC Releases API for Reportable Situations Submissions

By Manesh Samtani | 23/11/2022

The API provides a machine-to-machine interface solution to submit notifications about reportable situations, removing the need to manually input information into ASIC’s form.