FINTECH / REGTECH

AML / KYC

Digital Identification in a Post-COVID World

By Editors | 28/04/2020

Social distancing has put KYC into sharp focus, with regulators reiterating their support for digital onboarding to ensure financial transactions are possible.

AML / KYC

SEBI Endorses Technology Use to Facilitate Online KYC

By Editors | 27/04/2020

The investor KYC process can be completed through websites or apps, which should include video-based ID verification, liveness checks, and electronic signatures and documents.

Fintech / Regtech

Open Banking: ACCC Allows Flexibility to Delay Product Data Sharing

By Editors | 26/04/2020

Non-major banks, building societies and credit unions can delay sharing product reference data until 1 November, but are encouraged to begin sharing this data “if they are in a position to do so”.

Fintech / Regtech

FMSB Publishes Spotlight Review on Algorithmic Trading

By Editors | 23/04/2020

The Spotlight Review highlights the importance and challenges of model risk management in areas where algorithmic trading is being deployed.

Fintech / Regtech

PBOC Launches Digital Yuan Pilot Tests in Four Cities – Reports

By Editors | 20/04/2020

Four state-owned banks and three telecom companies, along with Tencent and Alipay, are all said to be involved in the development of the digital currency.

Big Picture

Fintech Risks Could Undermine Financial Inclusion

By Editors | 16/04/2020

The CPMI and World Bank have set out key actions to help stakeholders address fintech risks in the context of achieving financial inclusion outcomes.

Fintech / Regtech

Two Singapore Bodies Merge to Form New Blockchain Association

By Editors | 15/04/2020

The new industry body will be co-chaired by SFA president Chia Hock Lai and OneConnect Financial Technology’s APAC chief Ms Tan Bin Ru.

Big Picture

FSB Offers Recommendations on Regulating Global Stablecoins

By Editors | 14/04/2020

The consultative report proposes 10 high-level recommendations for jurisdictional authorities to advance consistent and effective regulation and supervision of global stablecoin arrangements.

Fintech / Regtech

‘Mox Bank’ Becomes Latest Virtual Bank to Launch HK Pilot

By Editors | 12/04/2020

‘Mox Bank’ – backed by Standard Chartered, PCCW, HKT and Trip.com – has become the third virtual bank to launch pilot services in Hong Kong.