Fintech / Regtech

Big Picture

SupTech Increasingly a Strategic Priority for Authorities: FSB

By Editors | 11/10/2020

The majority of authorities surveyed by the FSB had a SupTech, innovation or data strategy in place. SupTech is most commonly used in regulatory reporting and data management.

Fintech / Regtech

BOK On Track to Test CBDC Distribution in 2021

By Editors | 11/10/2020

The distribution and circulation test is the final part of a three-step, 22-month pilot programme which commenced in April.

Big Picture

BIS Report Outlines Common Foundation for Retail CBDCs

By Editors | 11/10/2020

Any decision to launch a CBDC would depend on an informed judgment that the risks can be managed, including the risk of disintermediating banks or enabling ‘digital runs’.

Fintech / Regtech

BSP Revises Minimum Capital Requirement for Digital Banks

By Manesh Samtani | 08/10/2020

The BSP will no longer consider a distinction between a basic and advance digital bank, according to a revised circular issued for industry review and feedback.

Crypto / Digital Assets

UK FCA Bans Retail Sale Of Crypto Asset Derivatives

By Sanday Chongo Kabange | 08/10/2020

The ban covers contracts for difference, options, futures and exchange-traded notes referencing crypto assets, and will come into effect on 6 January 2021.

Crypto / Digital Assets

Thailand: SET to Establish Digital Asset Trading Platform

By Sanday Chongo Kabange | 08/10/2020

The new platform will provide new fundraising channels for businesses and create opportunities for investors, as Thailand seeks to develop its digital economy.

Fintech / Regtech

RegTech Asia 2020: Addressing Complex Regulatory Change

By Editors | 08/10/2020

SmartStream’s Vincent Kilcoyne discusses the use of technology and automation to address regulatory change, highlighting the need for high quality data.

AML / KYC

UIDAI, NPCI Testing Face Authentication with Banks

By Editors | 08/10/2020

NPCI has commenced phase one tests of using facial authentication in non-financial transactions with ICICI Bank, Yes Bank, RBL Bank and Fino Payments Bank.

Fintech / Regtech

Philippine DOF Push For Joint Cyber Defence Strategy

By Sanday Chongo Kabange | 08/10/2020

State-run financial institutions, pension funds, insurance firms and other government agencies are instructed to establish shared cyber defence strategies.