Fintech / Regtech

AML / KYC

OCBC to Speed Up Police Investigations with Automated Data Retrieval

By Editors | 11/07/2019

OCBC Bank and the Singapore Police Force are collaborating on a new project to reduce the amount of time it takes for investigators to access banking information to just 1-2 days.

Fintech / Regtech

China to Respond to Libra with Government Backed CBDC

By Editors | 11/07/2019

The PBOC is organising market-oriented institutions to jointly research and develop a central bank digital currency, in a programme that has already been approved by the State Council.

Fintech / Regtech

FSC Korea to Resume Accepting Internet-Only Bank Applications

By Editors | 10/07/2019

The FSC will once again start receiving applications for new internet-only banks in October, with a view to granting one or more new licences by year-end.

Fintech / Regtech

Philippines SEC Approves Crowdfunding Rules

By Editors | 10/07/2019

The Philippines SEC has issued rules governing the operation and use of equity- and lending-based crowdfunding to help smaller firms access financing.

Crypto / Digital Assets

Singapore Proposes GST Exemption for Digital Token Payments

By Editors | 09/07/2019

Transactions involving digital tokens or cryptocurrencies that function or are intended to function as a medium of exchange will be exempt from GST.

Big Picture

Open Banking, APIs Will Unlock a Host of Opportunities: NPP Australia

By Editors | 08/07/2019

A new white paper from NPP Australia provides an overview of developments in other real-time payments markets, including opportunities and challenges for the payments sector.

Fintech / Regtech

Malaysia to Finalise Regulatory Framework for ICOs by Year-End

By Editors | 06/07/2019

A framework for ICOs, originally expected by the end of Q1, is now under review by relevant stakeholders, according to deputy finance minister Datuk Amiruddin Hamzah.

Fintech / Regtech

Australia: Consumer Data Right Legislation Could Delay Open Banking

By Editors | 05/07/2019

The Consumer Data Right Bill is needed for banks to be able to transfer their customers’ personal data to another institution, a cornerstone of the open banking initiative.

Fintech / Regtech

Asia Ahead of Other Regions in FinTech: IMF

By Editors | 04/07/2019

Policymakers are facing a balancing act between keeping up with the pace of fintech development and trying to ensure risks are well understood and mitigated.