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AML / KYC
South Korea Mulls Machine-Readable Regulation
By Garima Chitkara | 12/09/2018
FSS governor told fintech firms the regulator is considering machine readable regulation and automated data analysis systems to better detect and investigate financial crimes.
Fintech / Regtech
The Use of Regulatory Sandboxes in Europe and Asia
By Claus Christensen | 06/09/2018
Asia presents a unique mix of technological advancements and interconnected economic and regulatory systems, which makes it the perfect environment for rapid business growth for fintech/regtech companies with ambitious goals.
Fintech / Regtech
PBOC Trials Blockchain-based Trade Finance in Shenzhen
By Editors | 05/09/2018
Testing phase of new platform deployed at financial institutions including BOC, CCB, CMB, Ping An and StanChart, in a bid to boost efficiency of trade and financing activities.
Market Infrastructure
ASX Defers CHESS Replacement by Six Months to Ensure Readiness
By Manesh Samtani | 05/09/2018
ASX deferred the earliest go-live date for new DLT-based system to target March-April 2021; will provide additional six months for user development and testing, industry testing and accreditation.
Fintech / Regtech
HKMA Receives 29 Bids for First Round of Virtual Bank Licences
By Garima Chitkara | 03/09/2018
Standard Chartered, WeLab, Zhong An Bank and HKT among several banking, technology and telecom firms applying for virtual banking licenses.
Fintech / Regtech
Xiaomi Seeks Entry to India Payments Market
By Editors | 30/08/2018
The Chinese smartphone maker is conducting tests for its upcoming payments service in India, which is set to be powered by the UPI, if approval is granted by the RBI.
Fintech / Regtech
The Time for Cloud in Financial Services
By Krishan Chauhan | 29/08/2018
Digital transformation of financial services is well underway, driving the demand for new and innovative solutions such as blockchain and artificial intelligence. These technologies require an ever-increasing set of computational power, storage, and analysis that can be seamlessly provisioned by the cloud.
Fintech / Regtech
The Future of Equity Crowdfunding in Hong Kong
By Kristi Swartz | 29/08/2018
Equity crowdfunding may not have specific regulations in Hong Kong, but it is potentially subject to restrictions and barriers to entry under existing rules. Yet, there is room to work alongside regulators to develop and test new products in this market.
Fintech / Regtech
Nikko Set to Enter New Zealand’s Robo Advice Market
By Manesh Samtani | 29/08/2018
New Zealand’s FMA has granted an exemption allowing Nikko to enter the robo-advice market; new digital platform to be launched later this year.
AML / KYC
Samsung SDS Announces Blockchain-based ID Verification Platform
By Manesh Samtani | 29/08/2018
Developed in collaboration with the Korea Federation of Banks, BankSign allows customers to use multiple banks’ mobile apps, once a co-verification certificate is obtained from a single bank.
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