Fintech / Regtech

    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.

    AML / KYC

    Stablecoins Increasingly Used in Money Laundering, PBOC Says

    By Editors | 12/07/2021

    PBOC governor Fan Yifei says stablecoins are increasingly being used as a tool for illegal activities and money laundering.

    Fintech / Regtech

    FSC Korea Issues Guidelines on AI-based Financial Services

    By Ranamita Chakraborty | 11/07/2021

    Financial firms offering services using AI technologies will be required to have controls in place that ensure fairness to prevent consumer discrimination.

    Fintech / Regtech

    MAS, Banque de France Complete m-CBDC Experiment

    By Sanday Chongo Kabange | 11/07/2021

    The experiment showed the potential to reduce the number of correspondent banking parties involved in the payment chain for cross-border transactions.

    Fintech / Regtech

    Known Applicants for Malaysia Digital Bank Licences

    By Ranamita Chakraborty | 11/07/2021

    The applicant groups include Grab, Singtel, Axiata Digital, RHB Bank, iFAST Corp, Bangkok Bank, BigPay, Sea Group, AEON Credit Service, Pertama Digital, and others.

    Crypto / Digital Assets

    RBNZ to Consult on Potential CBDC Issuance

    By Sanday Chongo Kabange | 08/07/2021

    The RBNZ plans to consult on broad concepts of money and cash stewardship, the potential for a CBDC, and issues arising from crypto assets and stablecoins.

    Fintech / Regtech

    Australian Treasury Proposes to Lower Barriers to CDR Participation

    By Editors | 07/07/2021

    Rule amendments include changes to reduce barriers to participate in open banking and increase participation in the CDR by data recipients and consumers.

    AML / KYC

    FATF Examines Collaborative Analytics and the Need for Privacy

    By Manesh Samtani | 06/07/2021

    An AML risk information sharing platform in trial operation in China allows FIs to check whether a customer is labelled high risk by other FIs without any customer data being exchanged.

    Securities / Derivatives

    Industry Bodies Partner to Adapt CDM for Repo, Bonds

    By Sanday Chongo Kabange | 06/07/2021

    Implementation of the Common Domain Model for repo and bonds is expected to deliver industry wide efficiency gains, ICMA says.

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