Fintech / Regtech

AML / KYC

Will 2022 Be the Year of NFT Regulation?

By Javier Tamashiro | 27/01/2022

The jury is still out on how the NFT arena will be regulated, but marketplaces should still be applying a baseline standard of compliance practice, says Javier Tamashiro.

Fintech / Regtech

China Launches Data Platform for Wealth Management Sector

By Sanday Chongo Kabange | 27/01/2022

The platform is expected to help wealth management companies expand and enhance their product sales channels – especially the WMC units of smaller-scale banks.

Fintech / Regtech

Open Data: Thailand Launches Digital Bank Statement Service

By Ranamita Chakraborty | 26/01/2022

The ‘dStatement’ service enables consumers to send their bank statement data directly from one bank to another via their mobile banking apps.

Fintech / Regtech

Bank of Korea to Advance CBDC Testing to Second Phase

By Editors | 26/01/2022

In phase two, BOK will test offline payments, remittances to accounts outside Korea, and the use of its CBDC as payment for NFTs.

Big Picture

BIS Paper Offers Guidance on Regulating Tech Firms

By Sanday Chongo Kabange | 26/01/2022

The paper offers guidance for prudential authorities in deciding whether to allow tech firms to enter into banking, and what requirements to impose on them.

AML / KYC

COSMIC Will Yield Significant and Far Reaching Benefits

By Jamil Ahmed | 26/01/2022

Singapore is taking a leap forward in how its financial services industry detects and combats financial crime, says Jamil Ahmed.

Fintech / Regtech

Thailand to Prohibit Use of Digital Assets in Payments

By Manesh Samtani | 26/01/2022

The SEC is consulting on draft rules that will prohibit digital asset businesses from enabling merchants to accept crypto as payment for goods and services.

Fintech / Regtech

China Tightens Rules on Internet Platform Companies

By Sanday Chongo Kabange | 26/01/2022

The rules tighten restrictions on internet platform companies investing in financial services firms and ask them to implement capital and leverage ratio requirements.

Fintech / Regtech

HKMA Issues Regtech Guide on Managing Cyber Risk

By Manesh Samtani | 26/01/2022

The guide will help banks apply Regtech solutions for cyber risk management, including to address risks from container technology and remote working.