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AML / KYC
MAS Proposes to Strengthen FIs’ Identity Verification Process
By Editors | 10/11/2020
The proposed Notice will prohibit FIs from relying on common personal information such as NRIC number, residential address and date of birth as the sole means of identity verification.
Fintech / Regtech
Australian Regulators Propose New Regulatory Regime for SVFs
By Editors | 10/11/2020
The proposed framework includes flexibility to ensure that regulation is able to adapt to innovations such as digital wallet facilities and global stablecoins.
Market Infrastructure
FSB Advances Dialogue on Outsourcing, Third Party Relationships
By Manesh Samtani | 09/11/2020
An outage or failure at a single third party could create a single point of failure with potential adverse consequences for financial stability, the FSB says.
Fintech / Regtech
SGX Enables SingPass Authentication for CDP Transactions
By Editors | 09/11/2020
The introduction of SingPass offers CDP customers better convenience and security when they transact online, and forms part of SGX’s ‘CDP Goes Digital’ initiative.
Fintech / Regtech
MAS Announces Grant to Help Small FIs Adopt Reg Reporting Tech
By Editors | 09/11/2020
The grant provides funding support for smaller FIs to adopt regulatory reporting solutions from pre-approved providers – AxiomSL, KPMG Services and Wolters Kluwer.
Fintech / Regtech
WhatsApp Wins Approval to Launch Payments Service in India
By Editors | 08/11/2020
The approval comes two and a half years after WhatsApp launched in beta mode, but was then forced to comply with India’s data localisation requirements.
Big Picture
DLT Projects in Trade, Trade Finance Have Matured: WTO, TFG
By Editors | 05/11/2020
Research from the WTO and TFG suggests a material acceleration of projects, consortiums and companies using DLT and blockchain within trade and trade finance.
ESG / Sustainability
New Zealand FMA to Deepen Fintech, ESG Expertise
By Sanday Chongo Kabange | 05/11/2020
The appointments reflect the FMA’s support for innovation in financial services and a commitment to supporting New Zealand’s transition to a greener financial system.
Fintech / Regtech
TSE Invites Firms to Test Earnings Report Disclosure in HTML
By Editors | 04/11/2020
Participation is optional and has no additional cost. The objective of the PoC is to validate improvements in the availability of earnings reports to investors.
Fintech / Regtech
MAS Targets Market Abuse, Misconduct, AML Control Breaches
By Editors | 04/11/2020
In its latest enforcement report, MAS highlights its work to strengthen early detection of market misconduct, including through Apollo, an augmented intelligence system.
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