FINTECH / REGTECH

Crypto / Digital Assets

DBS to Launch Digital Exchange, Subject to Regulatory Approvals

By Editors | 28/10/2020

The exchange will offer trading services from fiat currencies to four of the top digital currencies in circulation, as well as capital raising through STOs.

Fintech / Regtech

HKMA Chief Hints at New Data Platform to Facilitate SME Lending

By Manesh Samtani | 27/10/2020

Banks can more precisely and objectively assess SME credit risk with access to more data, such as trading and turnover statistics, says HKMA chief Eddie Yue.

Fintech / Regtech

BIS, Swiss National Bank to Issue CBDC Proof of Concept by Year-End

By Sanday Chongo Kabange | 27/10/2020

CBDC research provides an “essential opportunity” to pool knowledge and resources and help enhance cross-border payments, says Benoît Coeuré, head of the BIS Innovation Hub.

Fintech / Regtech

Australian Treasury Orders Review of Domestic Payments Regulation

By Shruti Khairnar | 27/10/2020

The review comes after two decades of the regulatory architecture of the domestic payments system being largely unchanged.

AML / KYC

China Issues AML/CTF Guidelines for Microfinance Institutions

By Editors | 27/10/2020

The guidelines take immediate effect and are require microfinance institutions to report any transaction worth more than CNY 50,000 within 5 working days.

Uncategorised

FSC Korea Designates KFTC to Manage P2P Financing Data

By Sanday Chongo Kabange | 26/10/2020

The Korea Financial Telecommunications and Clearings Institute will start operating a central registry for P2P transaction data from 1 May 2021.

AML / KYC

FATF to Drive Digital Transformation of AML/CFT Systems

By Manesh Samtani | 26/10/2020

Digital transformation of AML/CFT systems will help to ensure their resilience in future and build their efficiency, the FATF says.

Fintech / Regtech

Philippine Privacy Watchdog Warns Against Misusing Borrower Data

By Sanday Chongo Kabange | 23/10/2020

Some online lenders are using illegally obtained personal data to shame or harass borrowers when they failed to meet their obligations.

Fintech / Regtech

India’s Gift City Regulator Introduces Regulatory Sandbox Framework

By Sanday Chongo Kabange | 22/10/2020

All entities operating in the capital market, banking, insurance and pension sectors, as well as individuals and startups from India and FATF-compliant jurisdictions, are eligible.