Fintech / Regtech

Crypto / Digital Assets

UPDATED: US SEC Files Lawsuit Against Ripple, Top Execs

By Editors | 22/12/2020

The lawsuit will allege that Ripple, its CEO and its Co-founder sold unlicensed securities that should be registered with the SEC.

Fintech / Regtech

Fusion Bank Launches Virtual Banking Services in Hong Kong

By Editors | 22/12/2020

The Tencent-backed virtual bank allows customers to bind their bank accounts to WeChat Pay HK for use in making payments in Hong Kong, China and Macau.

Fintech / Regtech

RBI Invites Firms to Test Cross-border Payments Tech in Sandbox

By Editors | 21/12/2020

The RBI has reduced the net worth requirement of participating firms and said it will allow partnerships and LLPs to participate.

AML / KYC

Taiwan to Lower Payment Thresholds for Customer Notification

By Editors | 21/12/2020

The move is aimed at combatting rising financial fraud as consumers increasingly prefer e-payments over the use of credit cards.

Fintech / Regtech

APRA Sets September Go-Live for New Data Collection Solution

By Editors | 21/12/2020

The timing of regulatory data reporting commencing in APRA Connect will vary by industry. Existing data collections for banks will continue through D2A for the time being.

Fintech / Regtech

HKMA Outlines Regtech Use Cases for Pandemic Environment

By Editors | 18/12/2020

In its fifth issue of ‘Regtech Watch’, the HKMA outlines four potential regtech use cases relevant to the pandemic environment.

AML / KYC

Korea’s FIU Upgrades AML System to Boost Processing Capacity

By Editors | 17/12/2020

The upgraded AML system has increased KoFIU’s processing capacity by about five times, helping it address an increasing number of suspicious transaction reports it receives.

Fintech / Regtech

Australia’s Domestic Payment Organisations Propose to Amalgamate

By Editors | 17/12/2020

Australia’s eftpos, BPAY Group and NPPA will be preserved as distinct operations under a single Board with a shared roadmap for innovation and investment.

Fintech / Regtech

Taiwan FSC Cautions New Digital Banks Against Price Wars

By Editors | 17/12/2020

Taiwan’s new digital-only banks should offer innovative products and services instead of resorting to pricing competitions to attract clients, says FSC Chairman Thomas Huang.