FINTECH / REGTECH

Fintech / Regtech

PBOC to Construct New Infrastructure in Big Data Hub

By Lucy Zhang | 24/08/2020

The new high-security data centre will be built in Guian New Area and become a key component of the PBOC’s new financial infrastructure.

Crypto / Digital Assets

Malaysia, Indonesia Regulators Sign Fintech Cooperation Pact

By Sanday Chongo Kabange | 24/08/2020

The agreement aims to facilitate information sharing, provide joint innovation opportunities, and facilitate cross-border referrals of fintech businesses.

Fintech / Regtech

Hong Kong AoF Publishes Report on AI Adoption in Banking

By Editors | 23/08/2020

The report provides insights about the risk management frameworks and overarching supervisory principles banks use when adopting artificial intelligence.

AML / KYC

SFC Grants In-principle Approval to Virtual Asset Trading Platform

By Editors | 23/08/2020

Once conditions for final approval are satisfied, OSL will be able allowed to operate a brokerage and automated trading service for digital assets.

AML / KYC

ISO Sets Standard for Embedding LEIs in Digital Certificates

By Editors | 22/08/2020

Simplified LEI integration paves the way for all digital certificates to be linked by a universal identifier and reduces the resource burden on certificate issuers.

Fintech / Regtech

BSP Takes Consumer Complaints Chatbot Live

By Sanday Chongo Kabange | 20/08/2020

The trilingual automated chatbot can handle queries and complaints from consumers sent through chat via the BSP website, SMS, or Facebook messenger.

Fintech / Regtech

CSRC Drafts Rules on Third-party Platforms Use by Securities Firms

By Lucy Zhang | 19/08/2020

The rules require brokerage firms to guarantee technical and data security when using third-party platforms to conduct securities business activities.

AML / KYC

Risk and Reward: AI Enables Active Financial Crime Risk Assessment

By Daniel Banes | 18/08/2020

Adverse media is openly available, continually updated, and provides a wealth of information, but it remains underused in financial crime risk assessments, writes Daniel Banes.

AML / KYC

Singapore Crypto Association Publishes Industry Code of Practice

By Editors | 17/08/2020

The code is accompanied by a practice guide providing regulatory guidance to facilitate payment services licence applications in Singapore.