FINTECH / REGTECH

Fintech / Regtech

Xiaomi-AMTD Joint Venture Launches Hong Kong Virtual Bank

By Editors | 11/06/2020

Airstar Bank commits to becoming “Everyone’s Bank”, contrasting itself with conventional banking models which focus on high net-worth individuals.

Fintech / Regtech

SFA Launches Self-assessment Framework, Toolkit for FinTechs

By Manesh Samtani | 10/06/2020

The framework and toolkit allow FinTechs to benchmark themselves against minimum standards on outsourcing, technology risk, and cyber hygiene, helping to fast-track onboarding with FIs.

Fintech / Regtech

FSC Korea Opens Applications for New Data Specialist Designation

By Editors | 10/06/2020

Designated ‘data specialising institutions’ will be able to use anonymised and pseudonymised customer data for statistical and industry research and for public documentation purposes.

Fintech / Regtech

BOK to Form Dedicated Digital Innovation Division

By Editors | 09/06/2020

The new division will study the use of AI and big data to deliver more sophisticated economic forecasts and statistical data, and ramp up efforts to develop CBDC capabilities.

Fintech / Regtech

FSC Korea Opens Access to Public Financial Institution Data

By Editors | 09/06/2020

The public release of the data is expected to contribute to the advancement of the data economy and fintech industry, while also creating more jobs in data-driven innovative services.

Fintech / Regtech

BOT Launches Regulatory Sandbox for P2P Lending Platforms

By Editors | 09/06/2020

The BOT will seek to use sandbox testing to ensure P2P lending platform providers adopted appropriate risk management and user protection practices.

Fintech / Regtech

MAS Launches Global FinTech Innovation Challenge

By Editors | 08/06/2020

The competition will seek innovative solutions that can help financial institutions respond to two critical global challenges: Covid-19 and climate change.

AML / KYC

FSC Korea Launches Task Force on Identity Verification Systems

By Editors | 08/06/2020

The FSC supports the development of innovative authentication mechanisms that can provide convenience, safety and security in electronic financial transactions.

Fintech / Regtech

SEBI Launches Regulatory Sandbox for Capital Market Participants

By Editors | 08/06/2020

Regulated entities will be granted facilities and flexibilities to experiment with fintech solutions in a live environment, on a limited set of real customers, for a limited time frame.