Fintech / Regtech

    AML / KYC

    Financial Crime 2021: Digital ID, Due Diligence, Sanctions

    By Editors | 21/01/2021

    Last year’s financial crime landscape forced many FIs to rapidly adapt to evolving threats. In the year ahead, a continued focus on risk mitigation is prudent.

    Fintech / Regtech

    Rakuten Launches First Digital-only Bank in Taiwan

    By Editors | 20/01/2021

    Rakuten International Commercial Bank was one of three groups granted authorisation to set up a digital bank in July 2019.

    Fintech / Regtech

    Australia: Xinja Bank Completes Return of Customer Deposits

    By Sanday Chongo Kabange | 19/01/2021

    Australian neobank Xinja announced in December that would be exiting the market, just 15 months after receiving its licence.

    Fintech / Regtech

    PBOC, CBIRC Restrict Online Sale of Deposit Products by Banks

    By Editors | 19/01/2021

    The PBOC and CBIRC have formally barred banks from selling personal fixed deposit products online via third party platforms, citing regulatory violations.

    Fintech / Regtech

    UPDATED – PBOC Says Ant Group Working to Overhaul Business Structure

    By Editors | 19/01/2021

    Ant Group is drawing up a timetable to fold its financial operations into a holding company, under the guidance of regulators.

    Fintech / Regtech

    Asia Has an Opportunity to Demonstrate Global RegTech Leadership

    By Manesh Samtani | 18/01/2021

    Hong Kong, Singapore and Tokyo each have an opportunity to demonstrate global leadership in the regtech sector, according to a panel of experts hosted by the Asia Society’s Hong Kong Center.

    Enforcement

    30 Firms Reprimanded Over Data Privacy Violations in Guangdong

    By Editors | 16/01/2021

    The Guangdong Communications Administration ordered 30 firms including banks and securities firms to fix the breaches and revamp their mobile phone apps.

    Fintech / Regtech

    Philippine SEC Approves First Crowdfunding Platform

    By Editors | 14/01/2021

    Investree Philippines is the first crowdfunding intermediary and funding portal to register with the SEC since rules covering the activity took effect in July 2019.

    Fintech / Regtech

    EU Competition Authorities Approve LSEG-Refinitiv Merger

    By Manesh Samtani | 14/01/2021

    The commitments offered by LSEG fully address the competition concerns raised by the proposed transaction, the European Commission said in a statement.

    Fintech / Regtech

    Chinese Regulators to Force Ant, Tencent to Share Borrower Data

    By Editors | 14/01/2021

    Ant Group affiliate Alibaba and Tencent have so far been resistant to sharing their loan data with credit databases such as Baihang.

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