FINTECH / REGTECH

Uncategorised

Singapore Launches Regional Research Institute for Digital Finance

By Editors | 07/12/2020

One of the Asian Institute of Digital Finance’s first projects is to build a data-sharing platform that can train models to improve credit assessments, said Deputy Prime Minister Heng Swee Keat.

AML / KYC

The Best Weapon to Shut Down the Illegal Wildlife Trade

By Steve Galster | 07/12/2020

Freeland’s Steve Galster discusses new initiatives to stop illegal wildlife traffickers by hitting them where it hurts the most – in their bank accounts – and how financial institutions can help.

ESG / Sustainability

Singapore Launches National Blockchain Innovation Programme

By Editors | 07/12/2020

The initiative is aimed at further strengthening Singapore’s blockchain ecosystem and promoting the adoption of scalable and interoperable blockchain solutions.

Capital / Liquidity

BSP Deputy Governor Outlines Key Priorities for the Year Ahead

By Manesh Samtani | 07/12/2020

Deputy Governor Chuchi Fonacier spoke to Regulation Asia about planned measures to promote digital payments, help MSMEs, and further strengthen the banking sector.

Fintech / Regtech

Singapore Launches Digital Infrastructure to Facilitate Financial Planning

By Editors | 07/12/2020

SGFinDex uses SingPass and a centrally managed online consent system to enable individuals to access their financial information held across different government agencies and FIs.

Fintech / Regtech

HKMA, PBOC Prepare for Cross-border Testing of Digital Yuan

By Manesh Samtani | 06/12/2020

The HKMA is also exploring options to leverage the FPS to enable instantaneous cross-border payments, according to chief executive Eddie Yue.

Fintech / Regtech

MAS Awards Licences to Four Digital Bank Applicants

By Manesh Samtani | 06/12/2020

The licences were awarded to the Grab-Singtel consortium, a Sea Limited subsidiary, an Ant Group entity, and a consortium formed by a Chinese property giant.

Fintech / Regtech

Libra Association to Launch Scaled-down Digital Currency in January

By Editors | 03/12/2020

The launch date depends on regulatory approval from FINMA, expected as early as January. A new name has been adopted for the association and the digital currency.

Crypto / Digital Assets

BIS Innovation Hub Completes Wholesale CBDC Experiment

By Editors | 03/12/2020

BIS Innovation Hub, the Swiss National Bank, and SIX compared the feasibility of issuing a wholesale CBDC versus linking the existing payment system to a distributed ledger.