Fintech / Regtech

Fintech / Regtech

BIS, Four Central Banks Partner to Test Cross-Border CBDC Use

By Sanday Chongo Kabange | 03/09/2021

The BIS Innovation Hub Singapore Centre will test CBDCs for international settlements with the RBA, MAS, BNM and SARB.

Fintech / Regtech

PBOC Introduces New Business Reporting Rules for Payment Firms

By Editors | 02/09/2021

Nonbank payment firms must report new products and services, stock market listings, capital increases and other activities classified as ‘significant matters’.

Fintech / Regtech

RBI Halts Plan to Allow New Umbrella Entities in Retail Payments

By Editors | 01/09/2021

The decision is reportedly based on data security concerns following recent breaches at payment firms and non-compliance by global payment giants with India’s data localisation rules.

ESG / Sustainability

LSEG Launches Sustainable Finance Innovation Unit in Singapore

By Editors | 01/09/2021

The new unit is supported by MAS and will focus on creating sustainable finance capabilities across Singapore’s fintech ecosystem.

Fintech / Regtech

MAS Grants New Payment Services Licences to FOMO Pay

By Manesh Samtani | 01/09/2021

MAS has granted three new licenses to FOMO Pay, including a DPT services licence. More new licences are expected to be announced shortly.

Fintech / Regtech

Australia Payments System Review Exposes Regulatory Gaps

By Sanday Chongo Kabange | 31/08/2021

The review recommends enhancing the government’s powers to protect the payments system. A single, integrated licensing framework for payment services should also be introduced.

Fintech / Regtech

India Targets December for CBDC Pilot Testing

By Sanday Chongo Kabange | 31/08/2021

RBI governor Shaktikanta Das said the central bank is studying various aspects of a digital rupee with a view to conducting trials in December.

Crypto / Digital Assets

Thai SEC Proposes Rules to Protect Custodied Digital Assets

By Pongnut Thanaboonchai | 30/08/2021

The SEC has proposed new additional requirements for digital asset businesses regarding the custody of clients’ assets, both fiat money and cryptocurrency.

Fintech / Regtech

ABS Offers Standardised Approach to Bank Data Sharing

By Manesh Samtani | 30/08/2021

A new Data Sharing Handbook provides a framework for banks and non-bank ecosystem partners to share data in a safe, secure and responsible manner.