FINTECH / REGTECH

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.