FINTECH / REGTECH

Fintech / Regtech

SWIFT, HSBC to Define Common API Standard for Hong Kong

By Editors | 04/10/2019

The new standard will re-use ISO 20022 components to ensure interoperability with Hong Kong’s clearing and settlement systems, facilitating the next phases of open banking in the city.

Big Picture

Hong Kong Making Slow Progress on Open Banking: S&P

By Editors | 03/10/2019

S&P Global Ratings says Hong Kong’s approach to open banking makes it hard for third-party service providers to participate, limiting the potential of the new digital ecosystem.

Fintech / Regtech

BSP Streamlines Rules for Payment System Operators

By Editors | 03/10/2019

The Philippine central bank has simplified the registration process for payment system operators, and created a new consolidated manual of regulations to facilitate compliance.

Fintech / Regtech

ACCC Selects Ten Firms to Test Open Banking Data-Sharing

By Editors | 01/10/2019

The ten companies will work with Australia’s big four banks to test the data-sharing ecosystem through open banking APIs in the lead up to open banking’s official launch in February.

Fintech / Regtech

Regulatory Reporting: An Approach for Smaller Banks

By Irene Liu | 25/09/2019

Banks are starting to gain real business value from investments into better data governance and architecture, say Irene Liu, David Yakowitz and Catherine Lee at PwC.

Big Picture

DTCC Calls on Industry to Prioritise Business Resilience Efforts

By Editors | 24/09/2019

Firms must establish resilience as a business-owned strategic initiative, and be willing to prioritise business resilience over efficiency in some cases, says a new DTCC whitepaper.

Fintech / Regtech

RBI Orders Banks, NBFCs to Restrict Access to Credit Data

By Editors | 24/09/2019

Financial institutions in India are known to be giving fintech firms and institutional agents direct access to data from credit bureaus, without customer consent.

Big Picture

Automating Regulatory Compliance in DLT-based Markets: BIS Paper

By Manesh Samtani | 23/09/2019

The paper makes the case for a “embedded supervision”, a regulatory framework that automates compliance monitoring using the information in a distributed ledger.

Fintech / Regtech

Tencent, Alibaba Refuse to Share Data to National Credit Database

By Editors | 20/09/2019

Tencent Credit and Alibaba’s Sesame Credit hold more customer data than any of their online lending peers, but they are not providing the data to the national credit database.