FINTECH / REGTECH

Fintech / Regtech

FIs Need to Automate to Meet Tax Reporting Obligations – Report

By Editors | 06/05/2019

As tax reporting requirements grow increasingly complex, automation is making compliance cheaper, quicker and more efficient, says a new report from Regulation Asia and BearingPoint.

Fintech / Regtech

S. Korea FSC Accepts Nine More Fintech Sandbox Participants

By Editors | 03/05/2019

Nine new fintech firms have been approved to enter the FSC’s regulatory sandbox, bringing the total number of participating firms to 18.

Fintech / Regtech

SGX Migrates Blockchain Projects to New AWS Service

By Editors | 03/05/2019

The move allows SGX to eliminate the heavy-lifting typically involved in infrastructure setup, configuration and management, and instead focus on adding business value.

Fintech / Regtech

Singapore, Canada Conclude First Trial on CDBC Cross-Border Payments

By Editors | 02/05/2019

MAS and the Bank of Canada linked up experimental payment networks despite their being built on two different DLT platforms.

Enforcement

China Arrests 41 People Linked to Tuandai.com in P2P Crackdown

By Editors | 02/05/2019

Following the collapse of P2P platform Tuandai.com in March, Chinese authorities have arrested 41 people connected to the platform, including its owners.

Fintech / Regtech

Eight Firms Pass Initial Screening for GFIN Cross-Border Testing Pilot

By Manesh Samtani | 30/04/2019

Eight out of 44 applicant firms have passed an initial screening by GFIN members, and will now develop testing plans for regulators to consider and approve.

Fintech / Regtech

SAFE to Pilot Blockchain Based Trade Finance Platform

By Editors | 26/04/2019

China’s foreign exchange regulator has developed an open blockchain platform to help address the inefficiencies of cross-border trade finance.

Fintech / Regtech

UPDATED – K-Bank Financing Plan Halted Amid Antitrust Probe

By Editors | 25/04/2019

KT Corporation was planning to up its stake in the internet-only bank to 34%, but the FSC put its review process on hold amid an FTC antitrust probe.

AML / KYC

Japan FSA Raids Two Crypto Exchanges to Check Compliance

By Editors | 25/04/2019

The FSA reportedly wants to ensure appropriate measures have been implemented for customer protection and legal compliance after recent management changes.