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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.
ESG / Sustainability
SGX-Temasek JV to Launch Issuer Services Platform in Q4 2021
By Editors | 27/09/2021
Marketnode has established partnerships with 10 FIs to facilitate the launch of the new platform, which is part of a new digital infrastructure for fixed income.
AML / KYC
Korea: 29 Crypto Exchanges Meet Registration Deadline
By Manesh Samtani | 26/09/2021
The applications will be processed within three months, following which approved exchanges will be subject to AML rules announced in March.
AML / KYC
Crypto Should Re-examine Relationship with Regulators, and Vice Versa
By Andy Meehan | 25/09/2021
Andy Meehan says greater collaboration is needed between industry players and regulators to advance ‘sensible’ regulation and ensure the public is properly educated.
Crypto / Digital Assets
PBOC Intensifies Crackdown on Cryptocurrency Activity
By Editors | 25/09/2021
Services for virtual currency transactions are deemed illegal, including those provided to Chinese residents by overseas crypto exchanges.
Fintech / Regtech
Korea: Deadline for Crypto Exchanges to Register Arrives
By Sanday Chongo Kabange | 23/09/2021
Five crypto exchanges and one wallet provider have so far submitted their registration documents. Only Upbit has been formally approved by the FSC.
Fintech / Regtech
Ant Group’s Huabei Starts Reporting Credit Data to PBOC Database
By Editors | 23/09/2021
The data-sharing arrangement is part of the rectification measures ordered by financial regulators to break Ant Group’s “information monopoly” over data collection.
Fintech / Regtech
ACCC Approves NAB as Accredited Data Recipient Under CDR
By Editors | 21/09/2021
NAB is Australia’s second big four bank to become an accredited data recipient under the CDR regime, which underpins open banking.
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