Fintech / Regtech

Fintech / Regtech

BOT Orders TMBThanachart to Improve Following Two-day Outage

By Editors | 12/09/2022

The bank is directed to submit a report to BOT explaining the two-day mobile banking app outage, and to prepare a plan to prevent a recurrence.

Fintech / Regtech

Korea to Launch KRX-Operated Digital Securities Market

By Editors | 07/09/2022

Security token guidelines will be published in Q4 2022, and rule changes will be made next year to establish a system for issuance and distribution.

AML / KYC

Singapore Police Opens New Anti-Scam Command Office

By Editors | 07/09/2022

The opening of the ASCom office was officiated by Minister for Communications & Information Josephine Teo.

Fintech / Regtech

KPMG Launches Embedded Finance Hub in Singapore

By Editors | 06/09/2022

KPMG said the Hub will work with MAS and the broader ecosystem to accelerate the adoption of embedded finance in Singapore.

AML / KYC

Japan Regulator Orders Revolut to Improve AML Controls

By Editors | 06/09/2022

Revolut is required to submit a business improvement plan by 3 October and file quarterly progress reports until implementation is complete.

Fintech / Regtech

India Raids Payment Firms in Digital Lending App Probe

By Editors | 06/09/2022

The Enforcement Directorate said digital loan app providers involved in extortion and harassment of members of the public are controlled and operated by Chinese persons.

ESG / Sustainability

Hong Kong Plans Measures to Lure ESG, Fintech Talent

By Editors | 06/09/2022

The government will also dedicate resources towards providing training aimed at developing local ESG talent. Applications for a fintech subsidy scheme will open on 10 September.

Crypto / Digital Assets

Digital Dollar Project Launching Sandbox to Explore CBDC

By Editors | 06/09/2022

The programme is slated to begin in early October with a focus on cross-border payments. The initial participants will be Digital Asset, EMTECH, Knox Networks, and Ripple.

AML / KYC

RBI Issues New Guidelines on Digital Lending

By Sanday Chongo Kabange | 06/09/2022

The guidelines are applicable to existing customers availing fresh loans and new customers getting onboarded. Existing digital loans must be in compliance by 30 November.