Fintech / Regtech

Fintech / Regtech

FSC Korea Outlines Key Policy Tasks for H2 2020

By Editors | 14/06/2020

The measures include continued support for businesses and individuals, with some focus being diverted back to pre-Covid policy work to support innovation and data-driven initiatives.

Fintech / Regtech

Taiwan Fintechs to Gain Access to Canada’s Securities Sandbox

By Editors | 12/06/2020

The CSA sandbox allows firms to obtain exemptive relief from securities law requirements to test new products and services in the Canadian market on a time-limited basis.

Fintech / Regtech

Korea: Unauthorised Toss Payments Prompt Wider Review of Fintechs

By Editors | 12/06/2020

The FSS is considering conducting reviews of some 40 fintech companies after eight unauthorised transactions were detected on Viva Republica’s payments platform Toss.

AML / KYC

Chinese Police Freeze 4,000 Bank Accounts in Crypto Probe

By Editors | 11/06/2020

Guangdong police have reportedly frozen about 4,000 bank accounts belonging to cryptocurrency traders in a crackdown on illicit activities.

Fintech / Regtech

Xiaomi-AMTD Joint Venture Launches Hong Kong Virtual Bank

By Editors | 11/06/2020

Airstar Bank commits to becoming “Everyone’s Bank”, contrasting itself with conventional banking models which focus on high net-worth individuals.

Fintech / Regtech

SFA Launches Self-assessment Framework, Toolkit for FinTechs

By Manesh Samtani | 10/06/2020

The framework and toolkit allow FinTechs to benchmark themselves against minimum standards on outsourcing, technology risk, and cyber hygiene, helping to fast-track onboarding with FIs.

Fintech / Regtech

FSC Korea Opens Applications for New Data Specialist Designation

By Editors | 10/06/2020

Designated ‘data specialising institutions’ will be able to use anonymised and pseudonymised customer data for statistical and industry research and for public documentation purposes.

Fintech / Regtech

BOK to Form Dedicated Digital Innovation Division

By Editors | 09/06/2020

The new division will study the use of AI and big data to deliver more sophisticated economic forecasts and statistical data, and ramp up efforts to develop CBDC capabilities.

Fintech / Regtech

FSC Korea Opens Access to Public Financial Institution Data

By Editors | 09/06/2020

The public release of the data is expected to contribute to the advancement of the data economy and fintech industry, while also creating more jobs in data-driven innovative services.