Fintech / Regtech

Fintech / Regtech

South Korea to Formally Launch Open Banking System This Month

By Editors | 02/12/2019

October’s 10-bank pilot attracted over 5.5 million bank accounts with the open banking service now expanded to include eight additional banks and fintech firms.

Market Infrastructure

China Eyes Stronger Data Governance Standards for Financial Sector

By Editors | 28/11/2019

The China Banking Association is working to develop technology standards to facilitate data analysis, while also ensuring adequate security and data quality management.

Fintech / Regtech

Korea to Establish Legal Basis for Cryptocurrency Investment

By Editors | 27/11/2019

A bill passed by the national policy committee will subject digital asset businesses to penalties for not meeting FATF standards in their oversight systems for preventing money laundering.

Fintech / Regtech

Thailand to Launches DLT Pilot Trading Corporate Bonds

By Editors | 26/11/2019

The DLT project was first announced in September, and will first test trading with bonds before expanding to equities, derivatives and investment funds.

AML / KYC

We Need to Accelerate Regtech Transition in AML Work: HKMA

By Manesh Samtani | 23/11/2019

We need to enable a wider application of technology to AML work in the sector, deputy chief Arthur Yuen said at the HKMA’s its first AML/CFT RegTech Forum on Friday.

Crypto / Digital Assets

MAS Consults on Regulatory Approach for Crypto Derivatives

By Garima Chitkara | 21/11/2019

The MAS has received indications of interest for bitcoin and ether derivatives, regulated under the SFA, to be made available to investors in Singapore.

Fintech / Regtech

BCBS Examines Evolution, Risks of Open Banking

By Editors | 20/11/2019

While open banking has the potential to transform banking services and bank business models, greater attention must be paid to the risks that come with increased data sharing.

Fintech / Regtech

ASX Consults on Tranche 1 Rule Changes for CHESS Replacement

By Editors | 18/11/2019

ASX is consulting on the first of three tranches of operating rule amendments required to facilitate the implementation of the CHESS replacement system in April 2021.

Crypto / Digital Assets

HSBC, SGX, Temasek Jointly Explore DLT for Singapore Bond Markets

By Editors | 15/11/2019

The trial will make use of tokenised securities and smart contracts over a permissioned ledger to streamline bond issuance and servicing workflows.