Fintech / Regtech

    Enforcement

    FSS Korea Fines Naver Financial for Data Security Failures

    By Editors | 16/11/2021

    The FSS fined Naver Financial and issued warnings against three executives for exposing its office intranet to external risks.

    Crypto / Digital Assets

    Asia’s Payments Landscape Shines at Singapore Fintech Festival

    By Mark Johnston | 16/11/2021

    The Asian fintech scene witnessed a raft of new announcements at this year’s Singapore Fintech Festival held from 8-12 November 2021.

    Securities / Derivatives

    Taiwan Formally Designates FSC as Crypto Industry Supervisor

    By Editors | 16/11/2021

    Cryptocurrency businesses will be listed under the category of “finance, insurance and real estate” and STOs will be listed under the securities firms subcategory.

    Fintech / Regtech

    Japanese Investors to Gain Access to Digital Securities via ADDX

    By Editors | 14/11/2021

    Through securities broker Tokai Tokyo, ADDX (formerly iSTOX) will offer Japanese investors access to tradeable security tokens backed by real estate and other assets.

    Fintech / Regtech

    Sri Lanka Rolls Out National QR Payments Solution

    By Ranamita Chakraborty | 13/11/2021

    LANKAQR targets SMEs and customers will not be charged for payments made by scanning a QR code with their mobile device.

    Fintech / Regtech

    Indonesia Religious Council Declares Crypto Assets Forbidden

    By Editors | 12/11/2021

    Crypto assets as a currency are considered haram, or banned, for Muslims, according to Indonesia’s National Ulema Council.

    AML / KYC

    Singapore, UAE Conclude Digital Trade Financing Pilot

    By Editors | 12/11/2021

    The pilot enabled trading counterparties and transacting banks to digitally validate and exchange trade documents in real-time.

    Fintech / Regtech

    Malaysia Joins PoC Project to Test Cross-border Payment Links

    By Editors | 11/11/2021

    BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.

    Fintech / Regtech

    PBOC Seeks to Enhance CBDC Design and Functionality

    By Manesh Samtani | 11/11/2021

    The PBOC will improve the e-CNY’s settlement efficiency, privacy protection, anti-counterfeiting measures, and interoperability with existing payment tools.

    Fintech / Regtech

    Indonesia, UAE to Cooperate on Payments, Fintech, AML

    By Editors | 11/11/2021

    Central banks will cooperate on cross-border payments, fintech, and AML. Financial services regulators will cooperate on developing the Islamic finance industry.

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