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Market Infrastructure
PBOC Clearing Arm to Adopt Blockchain for Letters of Credit
By Lucy Zhang | 12/08/2020
The China National Clearing Center has signed an agreement with three major banks to use their blockchain forfaiting platform to enhance its letter of credit system.
Fintech / Regtech
ACCC Declines to Pursue Banks Over Screen Scraping Warnings
By Sanday Chongo Kabange | 12/08/2020
Australia’s competition watchdog says the banks’ warnings against screen scraping security risks do not constitute anti-competitive conduct.
Fintech / Regtech
Livi Bank Announces Launch of Virtual Banking Services
By Manesh Samtani | 11/08/2020
Livi Bank, backed by BOCHK, JD Digits and Jardine Matheson, has become the fourth virtual bank to open to the public in Hong Kong.
Fintech / Regtech
InvestHK Announced Fast Track Fintech Development Programme
By Editors | 10/08/2020
Companies from nine key fintech verticals are invited to submit applications by 31 August, for a chance to showcase their solutions to corporates and investors at Hong Kong Fintech Week.
Fintech / Regtech
FSC Designates Korea’s First ‘Data Specialising Institutions’
By Editors | 09/08/2020
Korea Credit Information Services and the Financial Security Institute will be allowed to perform convergence of pseudonymised data originating from different financial businesses.
AML / KYC
HKMA, IA Issue Guidance on Video Distribution of Insurance Products
By Editors | 07/08/2020
Insurers and intermediaries such as banks have to apply to enter the InsurTech Sandbox to test the use of video conferencing to distribute long term insurance policies.
Fintech / Regtech
China Moves Closer to Launching Sovereign Digital Currency
By Sanday Chongo Kabange | 07/08/2020
PBOC has formed a new subsidiary to streamline efforts to launch a central bank digital currency, which is now being tested at four state-run banks.
Fintech / Regtech
MAS to Set Up Regional Digital Finance Institute
By Sanday Chongo Kabange | 06/08/2020
The Asia Institute of Digital Finance will be jointly operated by MAS, the National Research Foundation and the National University of Singapore.
Fintech / Regtech
UOB Launches Training Programme to Address Transformation in Finance
By Editors | 05/08/2020
The UOB Finance Academy will allow participants to deepen their knowledge in areas such as risk management, regulation, liquidity management and data analytics.
Fintech / Regtech
DBS, Tax Department Collaborate to Digitalise Payments
By Editors | 04/08/2020
IRAS now offers PayNow QR as a payment option for individual income tax, corporate income tax, property tax and goods and services tax.
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