FINTECH / REGTECH

    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.

    Fintech / Regtech

    SGX, AMTD Enter Partnership on Capital Markets Development

    By Editors | 05/05/2020

    The partnership will seek to promote Singapore’s capital market development, strengthen regional connectivity, support businesses, and explore the use of DLT in bond issuance.

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