FINTECH / REGTECH

Fintech / Regtech

WEF Announces Global Consortium for Digital Currency Governance

By Editors | 28/01/2020

The consortium aims to address regulatory fragmentation and increase access to the financial system through innovative policy solutions for digital currencies.

Fintech / Regtech

Australia Considers Opening ‘Write’ Access Under Open Banking

By Editors | 24/01/2020

The government will consider expanding the consumer data right to allow ‘write’ access by entities other than banks, similar to how the EU’s PSD2 operates.

AML / KYC

China Issues Guidelines on Facial Recognition Enabled Payments

By Editors | 23/01/2020

The guidelines set out principles for the use of facial recognition technology in payments, covering user consent and the collection, storage and use of facial data.

Fintech / Regtech

HKMA, BOT Announce Outcomes of Joint CBDC Research

By Editors | 23/01/2020

In 3Q 2019, eight Thai banks and two Hong Kong banks (HSBC and ZA Bank) participated in a THB-HKD cross-border corridor network PoC using a CBDC.

Fintech / Regtech

S. Korea to Launch Financial Data Exchange in March

By Editors | 22/01/2020

The exchange will match buyers and sellers of financial data and facilitate the use of big data analytics to improve product development in the financial industry.

Fintech / Regtech

What FATF Recommendation 16 Means for the Crypto Industry

By Michael Ou | 22/01/2020

Implementing strict KYC processes to comply with the ‘travel rule’ may be costly, but it is a necessary sacrifice to build a stronger industry in the long-run, says Michael Ou at CoolBitX.

Fintech / Regtech

HKMA to Set Up ‘Digitalisation Office’ to Implement Transformation

By Editors | 22/01/2020

The progressive development of digitalisation initiatives will bring profound changes to how the HKMA works and further enhance its efficiency, says deputy chief Howard Lee.

Fintech / Regtech

BIS, Six Central Banks to Jointly Explore CBDC Use Cases

By Editors | 22/01/2020

The group will assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and share knowledge on emerging technologies.

Fintech / Regtech

Digital Identities: A Game Changer for Singapore Banking

By Jamie Lloyd Evans | 21/01/2020

Industry veteran Jamie Lloyd Evans discusses the introduction of digital identities in Singapore, and what it could mean for banking.