Fintech / Regtech

    AML / KYC

    MAS Issues Guidance on Uplifting Name Screening Systems

    By Manesh Samtani | 30/04/2022

    MAS observed an overreliance on system vendors to set the screening parameters. Most FIs did not enquire about or assess vendors’ information sources.

    Enforcement

    ​CBIRC Works to Resolve Unpaid Balances from P2P Crackdown

    By Darien Choong | 30/04/2022

    The CBIRC said it will continue to pursue now-closed P2P lending platforms as well as their owners and executives through the court system for losses suffered by investors.

    Fintech / Regtech

    SFC Grants In-principle Approval to HashKey Crypto Platform

    By Manesh Samtani | 30/04/2022

    HashKey’s platform will offer trading, brokerage and automated trading services for cryptocurrencies, virtual commodities, stablecoins and security tokens.

    Fintech / Regtech

    BNM Awards Digital Bank Licences to Five Applicants

    By Editors | 29/04/2022

    The licence winners include Axiata’s Boost Holdings, RHB Bank, Grab-Singtel’s GXS Bank, Kuok Brothers, Sea Limited, YTL Digital Capital, AEON, MoneyLion, and KAF Investment Bank.

    Fintech / Regtech

    HKMA Consults on CBDC Policy and Design Choices

    By Sanday Chongo Kabange | 28/04/2022

    The paper says e-HKD could bring could present challenges to Hong Kong’s currency and financial stability, as well as the city’s role as an international financial centre.

    Fintech / Regtech

    Philippine Central Bank to Pilot Test Wholesale CBDC

    By Editors | 28/04/2022

    Project CBDCPh will test the use of a wholesale CBDC for large-value financial transactions across a limited number of financial institutions.

    AML / KYC

    FIs Must Continue to Innovate Approach to AML: HKMA

    By Manesh Samtani | 27/04/2022

    Executive director Carmen Chu says work is underway to update HKMA’s guidance on name screening, transaction monitoring and suspicious transaction reporting.

    Fintech / Regtech

    HKMA Launches Knowledge Hub to Promote RegTech Adoption

    By Editors | 26/04/2022

    The Hub’s launch is accompanied by videos featuring regtech solutions from HSBC, Citibank, iFinHealth, Ping An OneConnect Bank and ASTRI.

    AML / KYC

    AMLC Philippines Launches Review of Sanctions Screening Practices

    By Editors | 26/04/2022

    The AMLC has partnered with AML Analytics as its testing and validation partner to conduct a thematic review of customer- and transaction-screening systems at FIs and DNFBPs.

    Fintech / Regtech

    BIS, Bank Indonesia Invite Firms to Solve CBDC Challenges

    By Editors | 26/04/2022

    Firms are invited to develop new solutions for issuing and distributing CBDCs, improve interoperability and advance financial inclusion.

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