FINTECH / REGTECH

AML / KYC

Technology to Drive Regulatory Agenda in 2020: Thomson Reuters

By Manesh Samtani | 09/01/2020

Technology has displaced the 2008 financial crisis as the main issue driving the international regulatory agenda, says a new report from Thomson Reuters.

Fintech / Regtech

China to Enhance Regulatory System for Fintech Development

By Editors | 09/01/2020

The PBOC is looking to enhance its digital supervision capabilities and improve risk governance in fintech development across the financial sector.

Fintech / Regtech

UK Financial Regulators Announce Data Reform Proposals

By Editors | 09/01/2020

The FCA has set out a plan to become a ‘highly data-driven regulator’. The BOE has published a discussion paper on transforming data collection.

Fintech / Regtech

Philippine Lawmaker Proposes Regulatory Framework for Virtual Banks

By Editors | 08/01/2020

The bill proposes that the BSP grant five virtual bank licences every year for at least five years, and to allow both financial and non-financial firms to apply.

Fintech / Regtech

India’s NPCI Unveils DLT Based Platform to Further Streamline Payments

By Editors | 07/01/2020

The Vajra Platform will enhance data security and transparency, facilitate real-time transactions and reduce reconciliation challenges and processing errors, the NPCI said.

Enforcement

Shanghai Bourse Launches New Market Surveillance System

By Editors | 06/01/2020

The new monitoring system will enhance the effectiveness of front-line supervision, ensure fair transactions, and promote the stable and healthy development of the capital market, the SSE says.

Fintech / Regtech

Open Banking Reveals Security Risks at Korean Fintech SMEs

By Editors | 30/12/2019

More than 40 fintech SMEs reportedly could not pass the security checks required for final approval to participate in the open banking initiative.

AML / KYC

MAS Adopts FATF Standards on VASPs in Payment Services Act

By Manesh Samtani | 28/12/2019

MAS has proposed amendments will align the Payment Services Act with the most recent enhancements to the FATF Standards in relation to virtual asset service providers.

Fintech / Regtech

RBI Caps Lenders’ Exposures to P2P Platform Borrowers

By Editors | 28/12/2019

The RBI has set a 5mn rupee cap on the aggregate exposure a lender can have to borrowers on P2P lending platforms, and a 1mn rupee cap for lenders with a net worth under 5mn rupees.