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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.
AML / KYC
MAS, ABS Push Greater Adoption of Digital Financial Services
By Editors | 10/04/2020
The Association of Banks in Singapore, support by MAS, is offering incentives to encourage uptake and usage of peer-to-peer funds transfer service PayNow.
Fintech / Regtech
FSC Korea Moves to Support Corporate, Fintech Funding Needs
By Editors | 10/04/2020
Korea’s bond market stabilisation fund has begun operating. Additional support will come through a new bond underwriting programme, P-CBOs, and direct investment into fintechs.
AML / KYC
FSB Publishes Stage 1 Report on Enhancing Cross-Border Payments
By Editors | 09/04/2020
New technologies have the potential to facilitate fast, low cost, transparent and scalable payments, but should be accompanied by measures to address all relevant risks.
Fintech / Regtech
MAS Extends Assessment Period for Digital Bank Decisions
By Editors | 09/04/2020
Successful digital bank applicants will be informed in the second half of this year, instead of June 2020 as originally intended.
Fintech / Regtech
Korea: FSS Enhances Supervision with Artificial Intelligence
By Editors | 09/04/2020
The FSS has been applying AI to monitor insurance telemarketing, loan collections and online advertising, as well as to analyse complaints and PE fund reports.
Fintech / Regtech
MAS Unveils Support Package to Bolster Financial Sector Capabilities
By Editors | 08/04/2020
The package includes training allowances, IBF course subsidies, salary support, digital acceleration grants, and free access to API Exchange.
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