Fintech / Regtech

    Fintech / Regtech

    RBI Opens Applications for Third Sandbox Cohort

    By Editors | 15/09/2021

    Six entities from the first cohort on retail payments have exited the sandbox. The second cohort on cross-border payments is commencing testing this month.

    Fintech / Regtech

    Singapore, India to Enable Real-time Cross-border Payments

    By Sanday Chongo Kabange | 15/09/2021

    The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.

    Fintech / Regtech

    FSC Korea Selects 20 Entities for Digital Data Testbed

    By Editors | 14/09/2021

    Fintech startups will test their business ideas for 11 weeks between 27 September and 10 December, and announce their results by year end.

    Fintech / Regtech

    Ant Group Ordered to Separate Lending Apps from Alipay

    By Editors | 13/09/2021

    Ant Group’s lending businesses Huabei and Jeibei will also have to transfer data used for lending decisions to a new credit scoring joint venture.

    Fintech / Regtech

    MAS Grants RMO Licence to Digital Asset Platform SDAX

    By Editors | 13/09/2021

    SDAX allows asset owners to tokenise and list their assets as digital securities. Its first real estate token listing is expected within 2021.

    AML / KYC

    Three More Korean Crypto Exchanges Secure Deals with Banks

    By Editors | 13/09/2021

    Bithumb, Coinone, and Korbit will likely meet the 24 September deadline. Korean police are preparing for illegal incidents from exchanges that are forced to close.

    Fintech / Regtech

    RBI Account Aggregator Framework Brings Open Banking to India

    By Editors | 12/09/2021

    Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.

    Fintech / Regtech

    Philippines: BSP Has 11 Digital Bank Applications to Review

    By Editors | 12/09/2021

    Two applications were already under review. Nine new applications were received before the deadline. Only two more licences may be up for grabs.

    Fintech / Regtech

    Thailand to Revoke Huobi Digital Asset Exchange Licence

    By Pongnut Thanaboonchai | 12/09/2021

    Huobi was not able to fix deficiencies in its systems within various timelines stipulated by the SEC.

    Fintech / Regtech

    Global Central Banks Urged to Accelerate CBDC Efforts

    By Manesh Samtani | 11/09/2021

    Banks worried about the implications of CBDCs should be more worried about stablecoins, DeFi and bigtech challenging their models, says Benoît Cœuré.

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