FINTECH / REGTECH

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.

Fintech / Regtech

Malaysia Launches New Initiative to Boost Fintech Development

By Editors | 04/08/2020

The Fintech Booster programme is expected to spur a more dynamic fintech ecosystem that can facilitate continued innovation in the financial services sector.

AML / KYC

MAS Issues Guidance on AML/CTF Enterprise-wide Risk Assessments

By Manesh Samtani | 04/08/2020

Financial institutions are directed to study the guidance to identify and address gaps in their EWRA frameworks and processes.

Big Picture

FMSB Publishes Spotlight Review on Market Surveillance

By Sanday Chongo Kabange | 04/08/2020

The Spotlight Review looks at current and future challenges that FICC market participants face in market surveillance and the impact of machine learning.