Fintech / Regtech

Enforcement

Regulators Order Ant Group to Establish Financial Holding Company

By Manesh Samtani | 12/04/2021

Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.

Fintech / Regtech

JD Digits to Set Up Financial Holding Company: Report

By Sanday Chongo Kabange | 12/04/2021

The financial holding company will be separate from JD Digits’ other technology businesses, and is aimed at achieving compliance with new rules for China’s fintech sector.

Fintech / Regtech

RBI to Extend RTGS, NEFT Connectivity to Nonbanks

By Editors | 10/04/2021

Digital wallet providers and card networks will be able to directly connect to the RTGS and NEFT systems.

Fintech / Regtech

PBOC Starts Testing Digital Yuan in Hong Kong

By Sanday Chongo Kabange | 10/04/2021

Hong Kong residents participating in pilot tests can use the digital yuan for purchases in Shenzhen.

Fintech / Regtech

Overseas Filipino Bank Obtains Digital Bank Licence

By Ranamita Chakraborty | 09/04/2021

Overseas Filipino Bank, formed as a policy bank to provide services to overseas Filipinos, has been granted a digital banking licence.

Crypto / Digital Assets

Thailand SEC to Require Crypto Investors to Have Experience

By Sanday Chongo Kabange | 08/04/2021

Under the new regulations, cryptocurrency investors must have previous experience or training to prove their knowledge of cryptocurrency.

Crypto / Digital Assets

BNM to Explore Benefits of CBDC Issuance Through PoCs

By Sanday Chongo Kabange | 07/04/2021

BNM does not have any immediate plans to issue a CBDC but will actively assess the potential value proposition of digital currencies.

Fintech / Regtech

RBI Orders MobiKwik to Investigate Alleged Data Breach

By Ranamita Chakraborty | 07/04/2021

The RBI has asked the payments provider Mobikwik to carry out an immediate forensic audit following allegations of a data breach.

Fintech / Regtech

Thailand to Start Testing Retail CBDC in Q2 2022

By Sanday Chongo Kabange | 07/04/2021

The BOT says the retail digital baht will provide access to convenient and secure financial services without affecting Thailand’s financial system.