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Crypto / Digital Assets
Japan Credit Bureau to Develop CBDC Payments Solution
By Editors | 26/10/2022
JBC, IDEMIA and Soft Space plan to develop a CBDC payment solution and conduct a pilot test with Tokyo merchants.
Fintech / Regtech
Singapore Launches Code of Conduct for BNPL Providers
By Editors | 26/10/2022
BNPL customers will not be allowed to accumulate more than SGD 2,000 in outstanding payments at any given time.
Fintech / Regtech
Korea to “Significantly Expand” MyData Information Items
By Editors | 25/10/2022
The MyData service will be expanded to include information on tax payments, public pensions, loan deferrals, and more insurance data.
Fintech / Regtech
Thai SEC, DFSA Sign MOU on Fintech, Innovation Cooperation
By Editors | 25/10/2022
The agreement will help to promote cooperation on financial services regulation and fintech and regtech innovations.
ESG / Sustainability
BIS Innovation Hub, HKMA Tackle Green Bond Transparency
By Editors | 25/10/2022
Project Genesis 2.0 prototypes provided investors real-time transparency on the environmental impact of the use of proceeds from green bonds.
Fintech / Regtech
HKMA Officially Launches Commercial Data Interchange
By Sanday Chongo Kabange | 24/10/2022
The new platform will enable SMEs to get cheaper bank loans, and enable banks to access the information they need to assess creditworthiness.
Big Picture
BIS Innovation Hub, HKMA Publish Project Aurum Findings
By Editors | 24/10/2022
A two-tier prototype system was developed to test intermediated CBDC as well as stablecoins backed by CBDC in the interbank system.
Fintech / Regtech
RBI Consults on New Master Directions on IT Governance
By Sanday Chongo Kabange | 23/10/2022
Regulated entities will have to obtain source code from vendors for critical applications or ensure a software escrow agreement is in place.
Fintech / Regtech
MAS Proposes to Raise Caps Imposed on E-Wallets
By Manesh Samtani | 21/10/2022
Besides raising the caps, MAS also proposes to introduce an exemption to allow for ‘white labelling’ of e-wallet accounts.
AML / KYC
Korea to Launch National Digital ID in 2024
By Editors | 20/10/2022
An app will be used to embed blockchain-powered digital IDs into mobile devices. Government officials will not have access to stored data.
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