FINTECH / REGTECH

Fintech / Regtech

BOT Opens Applications for New FX E-Money Licences

By Editors | 30/06/2020

Non-bank operators can apply for a new licence to issue e-money in foreign currencies for customer payments for cross-border goods and services.

ESG / Sustainability

The Increasingly Important Role of Stock Exchanges in Social Contracts

By Adam Wielowieyski | 30/06/2020

The automation of markets enables a wider movement towards valuing companies on their moral contributions to society as much as their ability to maximise profitability, says HKEX’s Adam Wielowieyski.

AML / KYC

UPDATED – Wirecard Fraud: A Timeline of Events

By Editors | 30/06/2020

Wirecard has filed for insolvency amid multiple probes. BaFin faces scrutiny for mishandling clear red flags. EY faces lawsuits for failing to catch the improprieties earlier.

Fintech / Regtech

Covid-19 Delays Launch of Taiwan Digital Banks: FSC

By Editors | 28/06/2020

Despite the delays, operations are still likely to commence by year-end at the three new digital banks – Line Bank, Next Bank, and Rakuten Bank.

Fintech / Regtech

RBI Issues Guidelines on Use of Digital Lending Platforms

By Editors | 26/06/2020

Digital lending platforms often do not disclose the name of the bank or NBFC providing the loaned funds. Under the new rules they will have to.

Fintech / Regtech

Ping An OneConnect Bank to Pilot Virtual Banking Services

By Editors | 26/06/2020

Ping An OneConnect Bank is inviting 200 SMEs and 2,000 retail customers to pilot test its virtual banking services in the HKMA’s sandbox.

Fintech / Regtech

IOSCO Drafts Guidance on Supervising AI/ML in Financial Markets

By Editors | 25/06/2020

IOSCO proposes six measures to assist members in creating appropriate regulatory frameworks to supervise market intermediaries and asset managers that use AI and ML.

Fintech / Regtech

FMSB Issues Statement of Good Practice on Algo Trading

By Editors | 25/06/2020

The FICC Markets Standards Board sets out 10 Good Practice Statements for market participants and venue operators engaged in algorithmic trading in a new transparency draft.

AML / KYC

NZ Police Seize $90m Allegedly Laundered with Bitcoin

By Editors | 25/06/2020

The seized bank funds, said to be connected to suspected Russian money launderer Alexander Vinnik, represent the largest ever asset restraint in New Zealand police history.