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Fintech / Regtech
HK Banks See Fintech More As Opportunity Than Threat – Study
By Editors | 20/05/2020
Over the next ten years, banks expect to continue to play a key role in fintech innovation and adoption, and are confident they will not be displaced by new competitors.
Crypto / Digital Assets
MAS Sets Out Regulatory Approach for Payment Token Derivatives
By Editors | 18/05/2020
MAS will regulate payment token derivatives offered by approved exchanges – i.e. SGX Derivatives, APEX, Ice Futures – but will not regulate such products offered by other entities.
Fintech / Regtech
Temasek Joins Libra Association as First Asia Pacific Backer
By Editors | 17/05/2020
Temasek’s participation in the Libra Association will allow it to contribute toward a regulated global network for cost effective retail payments.
Fintech / Regtech
FSC Korea to Assess Demand for New MyData Licences
By Editors | 14/05/2020
Financial firms and fintechs approved by the FSC will be able to make financial product recommendations and offer financial advisory services on the new MyData platform.
Fintech / Regtech
MAS, SFA, AMTD Jointly Launch S$6m ‘FinTech Solidarity Grant’
By Editors | 13/05/2020
Fintechs can apply for a one-time grant to cover daily working capital expenses, or for funding to cover proofs-of-concept developed with financial institutions on APIX.
AML / KYC
SEBI Names Entities That Can Authenticate Aadhaar for e-KYC
By Editors | 13/05/2020
Intermediaries and mutual fund distributors that want to use Aadhaar authentication services for e-KYC are required to enter into an agreement with one of the eight entities named.
AML / KYC
Industry Bodies Publish New Messaging Standard for Virtual Assets
By Editors | 13/05/2020
The messaging standard is aimed at helping virtual asset service providers comply with FATF requirements to collect and transfer originator and beneficiary information.
Fintech / Regtech
S. Korea Launches Financial Data Exchange Platform
By Editors | 11/05/2020
The exchange will serve buyers and sellers of anonymised financial data, facilitating the use of analytics to develop new financial products and services, while also ensuring data security.
Fintech / Regtech
ACCC, OAIC Outline Enforcement Approach to Data Rights Breaches
By Editors | 11/05/2020
A ‘strategic risk-based approach’ to compliance and enforcement has been adopted, focusing on building consumer confidence in the security and integrity of the Consumer Data Right system.
Fintech / Regtech
Japan to Propose Easier Fintech Investment Rules for Banks – Report
By Editors | 07/05/2020
The proposal includes scrapping a requirement for bank holding companies to obtain FSA approval to acquire more than 15% of nonfinancial companies.
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