Fintech / Regtech

    Fintech / Regtech

    ‘Mox Bank’ Becomes Latest Virtual Bank to Launch HK Pilot

    By Editors | 12/04/2020

    ‘Mox Bank’ – backed by Standard Chartered, PCCW, HKT and Trip.com – has become the third virtual bank to launch pilot services in Hong Kong.

    AML / KYC

    MAS, ABS Push Greater Adoption of Digital Financial Services

    By Editors | 10/04/2020

    The Association of Banks in Singapore, support by MAS, is offering incentives to encourage uptake and usage of peer-to-peer funds transfer service PayNow.

    Fintech / Regtech

    FSC Korea Moves to Support Corporate, Fintech Funding Needs

    By Editors | 10/04/2020

    Korea’s bond market stabilisation fund has begun operating. Additional support will come through a new bond underwriting programme, P-CBOs, and direct investment into fintechs.

    AML / KYC

    FSB Publishes Stage 1 Report on Enhancing Cross-Border Payments

    By Editors | 09/04/2020

    New technologies have the potential to facilitate fast, low cost, transparent and scalable payments, but should be accompanied by measures to address all relevant risks.

    Fintech / Regtech

    MAS Extends Assessment Period for Digital Bank Decisions

    By Editors | 09/04/2020

    Successful digital bank applicants will be informed in the second half of this year, instead of June 2020 as originally intended.

    Fintech / Regtech

    Korea: FSS Enhances Supervision with Artificial Intelligence

    By Editors | 09/04/2020

    The FSS has been applying AI to monitor insurance telemarketing, loan collections and online advertising, as well as to analyse complaints and PE fund reports.

    Fintech / Regtech

    MAS Unveils Support Package to Bolster Financial Sector Capabilities

    By Editors | 08/04/2020

    The package includes training allowances, IBF course subsidies, salary support, digital acceleration grants, and free access to API Exchange.

    AML / KYC

    HKMA Encourages Remote Onboarding to Manage Covid-19 Challenges

    By Editors | 07/04/2020

    AIs and SVF licensees are encouraged to continue the provide the public convenient account opening and access to banking and payment services.

    Crypto / Digital Assets

    FSA Japan to Enforce New Crypto Laws from May

    By Editors | 07/04/2020

    Changes to two pieces of legislation will ensure better investor protection, and bring custodians, ICOs, STOs and crypto derivatives under the FSA’s remit.

    Fintech / Regtech

    In-Depth: Making Sense of Digital Bank Policy

    By Jamie Lloyd Evans | 07/04/2020

    Industry veteran Jamie Lloyd Evans takes a detailed look at digital banking regimes in Asia, and the stated – and unstated – motivations behind them.

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