FINTECH / REGTECH

Crypto / Digital Assets

Tokyo Police Arrest 31 Individuals Over 2018 Coincheck Heist

By Editors | 25/01/2021

The suspects were found to have traded stolen cryptocurrency on an underground exchange that emerged on the dark web following the Coincheck heist.

Fintech / Regtech

BIS Innovation Hub Sets Out 2021 Work Programme

By Manesh Samtani | 24/01/2021

Six thematic priorities have been set out: suptech and regtech; next-generation FMIs; CBDCs; open finance; green finance; and cyber security.

Crypto / Digital Assets

SGX, Temasek Partner on Digital Asset Infrastructure in Capital Markets

By Editors | 23/01/2021

A new JV will use blockchain-based technologies to provide an issuance-to-settlement network for Asia bonds, funds and sustainable finance products.

AML / KYC

HKMA Publishes Cases Studies on AML/CFT Regtech Adoption

By Manesh Samtani | 21/01/2021

New report details case studies and insights from banks that have implemented technologies to enhance the efficiency and effectiveness of their AML/CFT efforts.

AML / KYC

PBOC Proposes to Tighten Oversight of Non-bank Payments Firms

By Manesh Samtani | 21/01/2021

If the PBOC identifies a non-bank payment institution as a monopoly, it can advise the State Council’s antitrust committee to take action to break up the firm.

AML / KYC

Financial Crime 2021: Digital ID, Due Diligence, Sanctions

By Editors | 21/01/2021

Last year’s financial crime landscape forced many FIs to rapidly adapt to evolving threats. In the year ahead, a continued focus on risk mitigation is prudent.

Fintech / Regtech

Rakuten Launches First Digital-only Bank in Taiwan

By Editors | 20/01/2021

Rakuten International Commercial Bank was one of three groups granted authorisation to set up a digital bank in July 2019.

Fintech / Regtech

Australia: Xinja Bank Completes Return of Customer Deposits

By Sanday Chongo Kabange | 19/01/2021

Australian neobank Xinja announced in December that would be exiting the market, just 15 months after receiving its licence.

Fintech / Regtech

PBOC, CBIRC Restrict Online Sale of Deposit Products by Banks

By Editors | 19/01/2021

The PBOC and CBIRC have formally barred banks from selling personal fixed deposit products online via third party platforms, citing regulatory violations.