Fintech / Regtech

Fintech / Regtech

RBI to Require Geo-Tagging of Payment System Touch Points

By Editors | 31/03/2022

Banks and payment system operators will have to capture, maintain and report the geographical coordinates of all payment touch points deployed by merchants.

Fintech / Regtech

Next Bank Launches as Taiwan’s Third Digital-only Bank

By Darien Choong | 30/03/2022

Next Bank shareholders include Chunghwa Telecom, PX Mart, Mega International Commercial Bank, KGI Bank, the Shin Kong Group, and Trade-van.com.

Fintech / Regtech

Huobi Seeks to Launch Retail Crypto ETF in HK

By Manesh Samtani | 30/03/2022

Huobi Tech has structured the ETF so that it won’t be restricted to just professional investors, possibly through the use of crypto futures listed on overseas exchanges.

Crypto / Digital Assets

BOT Offers Update on Transition to Sustainable Digital Economy

By Editors | 29/03/2022

The BOT will publish a virtual bank licensing framework by Q2 2022, and directions on its open banking policy in Q3 2022.

AML / KYC

GLEIF to Include Organisational Role Information in vLEI

By Editors | 29/03/2022

GLEIF says the new ISO 5009 standard facilitates a universal approach for including official organisational role information in digital ID credentials.

Fintech / Regtech

Australia Consults on Regulatory Framework for Financial Advice

By Sanday Chongo Kabange | 29/03/2022

The consultation asks how fintech could help reduce financial advice costs and how to make advice more accessible, including through robo-advisers.

Fintech / Regtech

Alibaba, Tencent Tighten Platform Rules Governing NFTs – Report

By Darien Choong | 29/03/2022

NFTs in China are sold in yuan rather than crypto, do not use public decentralised blockchains, and cannot be resold after purchase.

Fintech / Regtech

Bank of Japan Concludes Phase One CBDC Testing

By Editors | 28/03/2022

Phase one testing explored the feasibility of CBDC issuance, distribution and redemption. Phase two will test additional functions starting next month.

Fintech / Regtech

HKMA Issues Additional Guidance for SVF Licensees

By Editors | 28/03/2022

New practice note offers guidance on governance, outsourcing, internal controls, technology risk, and business conduct, among other areas.