FINTECH / REGTECH

Market Infrastructure

Data Governance: Avoid the Damage of Data Restriction

By Julia Walker | 16/09/2020

Everledger’s Leanne Kemp and Refinitiv’s Julia Walker set out the urgent case for cross-border data flow, including to channel finance to sustainable investments.

Fintech / Regtech

BNP, Digital Asset to Develop DLT Connectivity to ASX, HKEX

By Editors | 15/09/2020

BNP Paribas Securities Services and Digital Asset have joined forces to design real-time trade and settlement apps using DAML smart contracts.

Fintech / Regtech

China to Develop More Cities as Global Fintech Hubs

By Editors | 15/09/2020

The other cities besides Beijing that China will develop as global fintech hubs include Shanghai, Shenzhen and Hangzhou, underpinned by regulations on fintech development.

Fintech / Regtech

Korea Forms Consultative Body to Tackle Digital Finance Risks

By Sanday Chongo Kabange | 15/09/2020

With participation from industry participants, the body will seek to promote regulatory reform to promote innovation, fair competition and consumer safety in digital finance.

AML / KYC

FATF Details Virtual Asset Red Flags for Detecting Criminal Activity

By Editors | 15/09/2020

This report will help VASPs, FIs, DNFBPs, and other reporting entities detect and report suspicious transactions, and national authorities detect criminal activity.

Fintech / Regtech

BSP Launches Digital Payment Platform for Retail Transactions

By Sanday Chongo Kabange | 14/09/2020

The New Order of Payment System, or NOPS, is a secure web-based system that offering various channels through which payments can be made to the BSP.

AML / KYC

Leveraging Data & Tech in Financial Crime Compliance

By Manesh Samtani | 14/09/2020

The pandemic has been an agent for accelerated change in operational and frontline functions. Financial crime compliance teams need to get in on the act.

Fintech / Regtech

HSBC to Scrap More Fees for Hong Kong Retail Customers

By Manesh Samtani | 13/09/2020

A recent sequence of measures to shift to lower-cost, digital-first services for SME and retail customers is largely seen as a response competition from the new virtual banks.

AML / KYC

Japanese Police Probe Thefts from NTT Docomo E-money Service

By Editors | 11/09/2020

NTT Docomo reportedly did not notify many of its partner banks after similar thefts last year, a warning which may have allowed them to bolster authentication protocols.