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Fintech / Regtech
ACCC Fines ING for Breaching CDR Rules, Refuses iSignthis Accreditation
By Editors | 18/12/2022
The ACCC said ING Bank was not capable of receiving consumer data requests from accredited data recipients within the required timelines.
Crypto / Digital Assets
Ant Group Embeds e-CNY Processing in Alipay Digital Wallet
By Editors | 17/12/2022
The integration of third party payments platforms is expected to boost e-CNY adoption while preventing the displacement of existing players in China’s payments sector.
Crypto / Digital Assets
Australia Seeks Input on Strategic Plan for Payments System
By Manesh Samtani | 15/12/2022
The government will also empower the RBA to regulate digital wallet providers and improve the regulatory framework for crypto service providers.
AML / KYC
GLEIF Confirms Utility of Embedding LEI in eSeals
By Editors | 14/12/2022
In a PoC, GLEIF demonstrated that embedding LEIs in eSeals allowed Japanese and European entities to transact digitally with greater trust.
Fintech / Regtech
FSC Korea Unveils New Support Measures for Fintech Startups
By Sanday Chongo Kabange | 14/12/2022
The measures include new funding for innovative firms, regulatory relaxations, and improvements to the sandbox programme.
Fintech / Regtech
HashKey, ZA International to Cooperate on Digital Assets
By Editors | 14/12/2022
The two groups will cooperate on digital assets, Web3 and DLT. ZA International recently unveiled plans to tokenise its ZA Coin.
Capital / Liquidity
UK Proposes Extensive Overhaul of Financial Services Regulations
By Manesh Samtani | 12/12/2022
The reforms include overhauls of the ring-fencing and senior managers regimes, a new green finance strategy, and an investment management exemption for cryptoassets.
Crypto / Digital Assets
RBNZ to Start Monitoring Local Use of Crypto, Stablecoins
By Manesh Samtani | 11/12/2022
The monitoring framework will help the RBNZ understand how the market for new forms of money is developing and the implications for the monetary system.
Crypto / Digital Assets
Australian Regulators Progressing Work on Stablecoins, CBDC
By Manesh Samtani | 09/12/2022
The CFR is trying to incorporate payment stablecoins into the proposed framework for SVFs. Meanwhile RBA assistant governor warns that CBDC could threaten financial stability.
Fintech / Regtech
Australia to Expand CDR to Enable Action Initiation
By Editors | 08/12/2022
Under a new bill in Parliament, consumers will be able to instruct accredited third parties to initiate CDR‑powered actions on their behalf.
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