FINTECH / REGTECH

Fintech / Regtech

Singapore to Review E-wallet Payment Limits in 2021

By Editors | 17/12/2020

Currently, e-wallet users in Singapore can hold up to S$5,000 in their accounts at any one time, and transactions are capped at S$30,000 per year.

Crypto / Digital Assets

SFC Issues First Licence to Digital Asset Trading Platform

By Editors | 16/12/2020

The licences permit OSL Digital Securities to operate regulated brokerage and automated trading services for digital assets.

Fintech / Regtech

Digital-only Bank Announces Closure in Australia

By Editors | 16/12/2020

Xinja blamed Covid-19 and a difficult capital raising environment for its decision to exit banking. APRA will monitor the return of customer funds.

Fintech / Regtech

Japan FSA to Allow Banks Use Customer Data for Targeted Ads

By Editors | 15/12/2020

The FSA will reportedly allow local banks to use their customers’ data for targeted advertising and sales activities.

Press Release

Regulation Asia Awards for Excellence 2020 – Results Announcement

By Editors | 15/12/2020

Regulation Asia held its third annual Awards ceremony on 15 December 2020 to recognise those in the industry that have helped address changing regulatory requirements in Asia Pacific over the past year.

Fintech / Regtech

Improving Operational Resilience: A Priority for the Year Ahead

By David LaFalce | 14/12/2020

DTCC’s David LaFalce highlights the need for firms to remove manual processes, re-evaluate their interconnectedness, and seek out opportunities for industry collaboration.

Crypto / Digital Assets

MAS Grants DBS In-principle Approval to Set Up Digital Exchange

By Manesh Samtani | 10/12/2020

The DBS announcement came two days after SIX and SBI Digital Asset Holdings announced plans to launch a digital asset issuance platform, exchange and CSD venue by 2022.

Fintech / Regtech

Philippines: UnionBank, StanChart Complete Bond Tokenisation POC

By Editors | 10/12/2020

A dual tranche issuance totalling PHP 9 billion was mirrored on a bond tokenisation platform co-created by UnionBank and SC Ventures.

AML / KYC

Combatting TBML Through Collaboration and Technology

By Henry Roxas | 09/12/2020

R3’s Henry Roxas describes the complexities of trade-based money laundering in Asia and the importance of collaboration to tackle the problem once and for all.