Fintech / Regtech

Fintech / Regtech

FCA Explores Competition Risks from BigTech in Retail Financial Services

By Editors | 27/10/2022

The consultation focuses on Big Tech firms’ entry and expansion into four retail sectors – payments, deposit taking, consumer credit and insurance.

AML / KYC

NLP for Regulatory Compliance: A Question of When, Not If

By Irene Liu | 27/10/2022

Accenture’s Irene Liu and team discuss the use of NLP technology within compliance functions, as well as the adoption challenges and how to address them.

Capital / Liquidity

MAS Proposes New Rules for Crypto Firms, Stablecoin Issuers

By Manesh Samtani | 27/10/2022

Retail investors won’t be allowed leverage and will have to undergo a knowledge test. Stablecoin issuers will have strict rules on reserve assets and a S$1bn capital requirement.

Crypto / Digital Assets

BIS Innovation Hub Releases mBridge Report, Sets Out Next Steps

By Editors | 27/10/2022

The mBridge project team will continue working to get to a minimum viable product that can be used by early adopters next year.

Fintech / Regtech

GIFT City, Japan Fintech Body to Cooperate on Innovation

By Editors | 27/10/2022

GIFT City and the Fintech Association of Japan plan to launch a fintech accelerator and other entrepreneurial programmes.

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.