Fintech / Regtech

Fintech / Regtech

RBNZ Issues Consultation on Potential CBDC Issuance

By Ranamita Chakraborty | 04/10/2021

A CBDC would help ensure central bank money remains relevant in a digital future, while also providing an additional monetary policy tool, the RBNZ said.

AML / KYC

MAS to Deploy Information Sharing Platform for AML/CFT

By Manesh Samtani | 03/10/2021

The COSMIC platform will be developed and deployed in phases. The initial participants are DBS, OCBC, UOB, StanChart, Citibank and HSBC.

Crypto / Digital Assets

MAS Grants Two New Licences to Provide DPT Services

By Editors | 02/10/2021

DBS Vickers and Independent Reserve have received authorisation under the PSA to provide digital payment token services.

Big Picture

BIS Turns Attention to Practical Issues of Retail CBDC

By Editors | 30/09/2021

The BIS and seven central banks have published three new reports exploring practical policy and implementation issues of general purpose CBDCs.

AML / KYC

Korean VASPs Barred From Trading Native Tokens

By Sanday Chongo Kabange | 29/09/2021

A new conflict of interest rule bars VASPs from trading native tokens and their staff from trading virtual assets on their own platforms.

Fintech / Regtech

Entity-based Regulation Needed to Address Bigtech Risks: BIS

By Manesh Samtani | 29/09/2021

China’s financial holding company regime represents a novel entity-based regulatory approach for big techs, says a new BIS research paper.

Big Picture

OECD Calls on Financial Sector to Bolster Trust in AI

By Sanday Chongo Kabange | 29/09/2021

A new OECD report identifies four determinants of trustworthy AI in the financial sector – transparency, fairness, data governance and accountability.

Fintech / Regtech

Central Banks Create Prototype Platform for mCBDC Settlements

By Sanday Chongo Kabange | 28/09/2021

The prototype platform was able to complete international transfers and foreign exchange operations in seconds while also lowering the cost of cross-border operations.

Fintech / Regtech

HKMA Issues Guide on Regtech Adoption for GRC

By Sanday Chongo Kabange | 28/09/2021

The guide outlines common challenges associated with regtech adoption for GRC and describes how successful firms have addressed these challenges.