Fintech / Regtech

Fintech / Regtech

S. Korea: MyData Launch to be Delayed for More Testing

By Sanday Chongo Kabange | 17/07/2021

The Covid-19 pandemic and a lack of IT engineers are said to be stalling system development and API testing.

Fintech / Regtech

ECB Launches Multi-year Digital Euro Project

By Ranamita Chakraborty | 15/07/2021

The plan is to allow regulated banks and fintechs to open accounts at the ECB so they can offer digital euro wallets to customers.

Fintech / Regtech

BOK Unveils Firms Seeking to Participate in CBDC Project

By Sanday Chongo Kabange | 15/07/2021

Units of SK Group, Naver and Kakao are the three firms competing to work on a CBDC project which will commence next month.

Big Picture

Multilateral Collaboration Essential for CBDC Development

By Editors | 13/07/2021

A new report from CPMI, BIS Innovation Hub, the IMF and the World Bank highlights the need for multilateral collaboration and interoperability between CBDCs.

Fintech / Regtech

MAS Launches ‘Veritas Challenge’ to Strengthen Trust in AI

By Manesh Samtani | 12/07/2021

MAS invites fintechs, solution providers and FIs to submit innovative solutions to help validate the fairness of AI solutions for selected banking use cases.

Fintech / Regtech

PBOC Directs Banks to Enhance Lending Services for MSMEs

By Editors | 12/07/2021

Banks should also increase investment in inclusive fintech including big data, cloud computing and blockchain to improve loan efficiency, the PBOC said.

Fintech / Regtech

SFC, Canadian Regulators Establish Fintech Cooperation Agreement

By Editors | 12/07/2021

Under the agreement, the SFC and eight Canadian securities regulators will cooperate on information sharing and referrals between their innovation functions.

Fintech / Regtech

New Zealand to Establish Consumer Data Right Framework

By Ranamita Chakraborty | 12/07/2021

The government will look to align New Zealand’s CDR system with the Australian model, rolling it out on a sector-by-sector basis.

AML / KYC

BNM Allows MSBs to Onboard Corporate Customers Remotely

By Sanday Chongo Kabange | 12/07/2021

A new policy document sets out the minimum requirements MSBs must observe when onboarding corporate customers using non-face-to-face verification processes.