FINTECH / REGTECH

    ESG / Sustainability

    Central Banks Should Embrace Innovation: Jacqueline Loh

    By Editors | 29/03/2021

    MAS’ Jacqueline Loh outlined several central bank-led innovation initiatives underway, including a project that will help quantify the ESG impact of investments and loan portfolios.

    AML / KYC

    MAS Offers New AML/CFT Guidance for VASPs

    By Editors | 28/03/2021

    MAS has identified several VASPs that have not come forward for licensing despite operating in Singapore or soliciting business from Singapore residents.

    Fintech / Regtech

    BPAY, eftpos, NPPA Seek ACCC Approval for Merger

    By Ranamita Chakraborty | 28/03/2021

    The three payment schemes say their merger will allow them to bring innovative products to market more quickly, and will not reduce competition.

    Fintech / Regtech

    HKMA Launches Regtech Challenge to Address Banking Pain Points

    By Editors | 26/03/2021

    The HKMA invites Regtech providers to showcase solutions to help Hong Kong banks solve common risk management and regulatory compliance pain points.

    Fintech / Regtech

    BIS, SWIFT Announce Winners of ISO 20022 Hackathon

    By Editors | 25/03/2021

    The winners were Atomic Wire, Mojaloop, Virtusa and AWS for solutions that help to enhance cross-border payments using ISO 20022 and APIs.

    Fintech / Regtech

    China to Ban Collection of ‘Irrelevant’ Personal Data By Mobile Apps

    By Sanday Chongo Kabange | 25/03/2021

    Under new guidelines, mobile apps cannot deny users access to their services if users refuse to share unnecessary personal information.

    Fintech / Regtech

    Line Pay to Bring Data Stored Overseas Back to Japan

    By Sanday Chongo Kabange | 25/03/2021

    Line must submit detailed reports to Japanese authorities explaining how it protects personal data, after employees at a China affiliate were found to have access to user information.

    Fintech / Regtech

    Internet-only LINE Bank Commences Trial Operations in Taiwan

    By Editors | 25/03/2021

    Only LINE Bank employees will participate in the trial operations. Depending on the results, full operations could commence by late April.

    Fintech / Regtech

    Project Aurum: HKMA to Explore General Purpose CBDC

    By Manesh Samtani | 25/03/2021

    Project Aurum will explore the benefits and challenges of different architectures for the distribution of a general purpose CBDC.

    Fintech / Regtech

    BOT Outlines Plans to Develop Policy on Stablecoins

    By Sanday Chongo Kabange | 24/03/2021

    Parties seeking to issue a THB-backed stablecoin are required to consult with the BOT before beginning any operations. A consultation will be issued by mid-year.

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