FINTECH / REGTECH

Fintech / Regtech

UPDATED – China to Include Beijing, Hong Kong in Digital Yuan Pilot

By Sanday Chongo Kabange | 16/08/2020

The move to expand the digital yuan pilot to major cities including Shanghai, Beijing, Guangzhou and Hong Kong brings coverage to a potential user base of around 400 million.

Fintech / Regtech

Singapore Premiers Blockchain-based Bond Exchange, BBX

By Sanday Chongo Kabange | 13/08/2020

BondbloX Bond Exchange uses a permissioned blockchain to enable electronic trading of bonds in $1,000 denominations, with instant settlement and greater price transparency.

Fintech / Regtech

MAS Pledges SG$250m to Boost Financial Sector Innovation

By Editors | 13/08/2020

Maximum funding under the POC Grant and AIDA Grant will be increased. Support for large-scale innovation projects and staff training will also increase.

AML / KYC

Wolfsberg Group Outlines Steps to AML/CTF Effectiveness

By Manesh Samtani | 13/08/2020

FIs should consider adopting technology such as AI and machine learning more widely. The Wolfsberg Group “strongly encourages” participation in PPPs.

Fintech / Regtech

EBA Launches Industry Survey on RegTech Adoption

By Editors | 12/08/2020

The EBA is looking to identify the main barriers and risks of using RegTech and potential ways to support its uptake across the EU.

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.