FINTECH / REGTECH

Market Infrastructure

MAS Cyber Security Panel Highlights Risks from Emerging Tech

By Manesh Samtani | 03/10/2018

Cybersecurity experts on the panel discussed the growing adoption by financial institutions of new technologies such as cloud services and open APIs.

Market Infrastructure

JP Morgan Blockchain-based Payments Platform Gains Traction

By Manesh Samtani | 01/10/2018

The Interbank Information Network (IIN) now has 76 participating banks; it seeks to use blockchain tech to reduce the time correspondent banks spend responding to inquiries that delay payments.

Crypto / Digital Assets

UPDATED – SBI-Ripple JV Receives E-Payments Regulatory Approval

By Garima Chitkara | 28/09/2018

In Japan, SBI Ripple Asia’s new MoneyTap app will enable real time payments through bank accounts, phone numbers and QR codes.

AML / KYC

HKMA Outlines Regtech Initiatives – Speech

By Manesh Samtani | 28/09/2018

The HKMA is looking to build a more diversified regtech ecosystem in Hong Kong and urges for greater collaboration between the banking industry and technology community.

Fintech / Regtech

Thailand’s Kasikornbank Joins Visa in Blockchain Payments Pilot

By Editors | 27/09/2018

Visa B2B Connect uses blockchain tech to enable faster, simpler and more secure processing of payments between participating banks on behalf of corporate clients.

Fintech / Regtech

Australia Consults on Regulatory Framework for Stored Value Facilities

By Garima Chitkara | 26/09/2018

Regulators considering a tiered approach, whereby facilities providers with larger amounts of stored value would be subjected to higher regulatory requirements.

Fintech / Regtech

APRA Updates Guidance on Cloud Computing Use by Regulated Entities

By Manesh Samtani | 25/09/2018

Information paper acknowledges improvements in the ability of regulated entities to manage cloud computing risks, while also detailing observed weaknesses and areas of concern.

Fintech / Regtech

S. Korea Eyes Two More Internet-Only Banks in 2019

By Manesh Samtani | 24/09/2018

The FSC said it plans to approve two more Internet-only banks next year, a day after a bill passes allowing non-financial firms to boost their ownership stakes in such banks.

Crypto / Digital Assets

Japan FSA Probes $60mn Hack at Crypto Exchange

By Manesh Samtani | 24/09/2018

About two-thirds of the stolen cryptocurrency belonged to customers of the exchange platform Zaif, which will receive a cash infusion from Fisco Digital Asset Group to help repay them.