Fintech / Regtech

    Enforcement

    Wirecard: The Biggest FinTech Success and Failure Story of All Time

    By Oonagh van den Berg | 17/09/2020

    Wirecard will be a compliance and audit training reference point for years to come, says compliance expert Oonagh van den Berg, recounting the warning signs in the years-long lead up to its collapse.

    Fintech / Regtech

    CBIRC Steps Up Efforts to Control Risks in Internet Finance

    By Sanday Chongo Kabange | 17/09/2020

    Regulators are working to include internet lending in credit reference systems, and to make it easier to jointly punish dishonest borrowers.

    AML / KYC

    SWIFT Announces Enhancements in Payments, Securities Processing

    By Editors | 17/09/2020

    The enhancements will be made available through a next-generation digital platform that will “fundamentally transform” payments and securities processing, SWIFT says.

    Crypto / Digital Assets

    India Contemplates Law Banning Cryptocurrency Trading

    By Sanday Chongo Kabange | 17/09/2020

    The government will still encourage blockchain, and is exploring its use to manage land records, pharmaceutical supply chains and educational records.

    Market Infrastructure

    Data Governance: Avoid the Damage of Data Restriction

    By Julia Walker | 16/09/2020

    Everledger’s Leanne Kemp and Refinitiv’s Julia Walker set out the urgent case for cross-border data flow, including to channel finance to sustainable investments.

    Fintech / Regtech

    BNP, Digital Asset to Develop DLT Connectivity to ASX, HKEX

    By Editors | 15/09/2020

    BNP Paribas Securities Services and Digital Asset have joined forces to design real-time trade and settlement apps using DAML smart contracts.

    Fintech / Regtech

    China to Develop More Cities as Global Fintech Hubs

    By Editors | 15/09/2020

    The other cities besides Beijing that China will develop as global fintech hubs include Shanghai, Shenzhen and Hangzhou, underpinned by regulations on fintech development.

    Fintech / Regtech

    Korea Forms Consultative Body to Tackle Digital Finance Risks

    By Sanday Chongo Kabange | 15/09/2020

    With participation from industry participants, the body will seek to promote regulatory reform to promote innovation, fair competition and consumer safety in digital finance.

    AML / KYC

    FATF Details Virtual Asset Red Flags for Detecting Criminal Activity

    By Editors | 15/09/2020

    This report will help VASPs, FIs, DNFBPs, and other reporting entities detect and report suspicious transactions, and national authorities detect criminal activity.

    Fintech / Regtech

    BSP Launches Digital Payment Platform for Retail Transactions

    By Sanday Chongo Kabange | 14/09/2020

    The New Order of Payment System, or NOPS, is a secure web-based system that offering various channels through which payments can be made to the BSP.

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