Fintech / Regtech

Fintech / Regtech

SFC, Canadian Regulators Establish Fintech Cooperation Agreement

By Editors | 12/07/2021

Under the agreement, the SFC and eight Canadian securities regulators will cooperate on information sharing and referrals between their innovation functions.

Fintech / Regtech

New Zealand to Establish Consumer Data Right Framework

By Ranamita Chakraborty | 12/07/2021

The government will look to align New Zealand’s CDR system with the Australian model, rolling it out on a sector-by-sector basis.

AML / KYC

BNM Allows MSBs to Onboard Corporate Customers Remotely

By Sanday Chongo Kabange | 12/07/2021

A new policy document sets out the minimum requirements MSBs must observe when onboarding corporate customers using non-face-to-face verification processes.

AML / KYC

Stablecoins Increasingly Used in Money Laundering, PBOC Says

By Editors | 12/07/2021

PBOC governor Fan Yifei says stablecoins are increasingly being used as a tool for illegal activities and money laundering.

Fintech / Regtech

FSC Korea Issues Guidelines on AI-based Financial Services

By Ranamita Chakraborty | 11/07/2021

Financial firms offering services using AI technologies will be required to have controls in place that ensure fairness to prevent consumer discrimination.

Fintech / Regtech

MAS, Banque de France Complete m-CBDC Experiment

By Sanday Chongo Kabange | 11/07/2021

The experiment showed the potential to reduce the number of correspondent banking parties involved in the payment chain for cross-border transactions.

Fintech / Regtech

Known Applicants for Malaysia Digital Bank Licences

By Ranamita Chakraborty | 11/07/2021

The applicant groups include Grab, Singtel, Axiata Digital, RHB Bank, iFAST Corp, Bangkok Bank, BigPay, Sea Group, AEON Credit Service, Pertama Digital, and others.

Crypto / Digital Assets

RBNZ to Consult on Potential CBDC Issuance

By Sanday Chongo Kabange | 08/07/2021

The RBNZ plans to consult on broad concepts of money and cash stewardship, the potential for a CBDC, and issues arising from crypto assets and stablecoins.

Fintech / Regtech

Australian Treasury Proposes to Lower Barriers to CDR Participation

By Editors | 07/07/2021

Rule amendments include changes to reduce barriers to participate in open banking and increase participation in the CDR by data recipients and consumers.