Fintech / Regtech

Fintech / Regtech

Korea FSS Amends Rules to Facilitate Lending by Internet-only Banks

By Sanday Chongo Kabange | 30/01/2022

Internet-only banks will be allowed to use a lower weight for existing household loans when calculating calculating loan-to-deposit ratios.

AML / KYC

Europol Outlines Different Ways Criminals Use Cryptocurrency

By Sanday Chongo Kabange | 29/01/2022

A new Europol report highlights that the illicit use of crypto includes “all types of crime that require transfers of monetary value”.

Crypto / Digital Assets

Myanmar to Ban Crypto Under New Cybersecurity Law

By Sanday Chongo Kabange | 28/01/2022

Under the proposed law, using cryptocurrency may lead to imprisonment of 6-12 months in prison or fines up to USD 2800.

Fintech / Regtech

OJK Indonesia Bars FIs From Facilitating Crypto Trading

By Editors | 28/01/2022

OJK warns of market fluctuations and other risks, including the existence of crypto investment Ponzi schemes.

AML / KYC

Taiwan FSC Identifies Crypto ATMs Breaching AML Rules

By Editors | 28/01/2022

Of 16 companies that have reported their AML compliance to the FSC, 13 will be required to make corrections.

Fintech / Regtech

Virtual Banking and Consent-based Data Governance

By Manesh Samtani | 27/01/2022

New BIS paper says consent-based data governance systems with low transaction costs are key to promoting the development of virtual banking worldwide.

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.