Fintech / Regtech

AML / KYC

OCBC Speeds Up Criminal Probes Through Automated System ‘POET’

By Editors | 03/02/2020

‘POET’ digitally receives and responds to investigation requests with minimal human intervention, allowing OCBC to respond to law enforcement requests within 1-2 working days.

Fintech / Regtech

Cambodia to Launch CBDC-based Payment System

By Editors | 03/02/2020

The new payment system expected to launch in the coming months has the support of 11 banks so far, and will operate using a quasi-CBDC known as ‘Bakong’.

Fintech / Regtech

HKEX Explores AI Use to Review Issuer Disclosures

By Manesh Samtani | 03/02/2020

In the initial stage, HKEX has applied artificial intelligence to identify listed companies’ disclosures as required by some selected rules.

Crypto / Digital Assets

IOSCO Highlights Debt Market Concerns in Annual Work Programme

By Editors | 31/01/2020

The 2020 work programme provides an update on five existing priorities and an overview of planned work on a new priority – corporate debt and leveraged loans.

Fintech / Regtech

S. Korea: P2P Lending Law to Take Effect in August

By Editors | 29/01/2020

The FSC is seeking comment on a draft enforcement decree setting out entry requirements, operating rules and investor protection measures for the P2P lending sector.

AML / KYC

Singapore’s Payment Services Act Comes Into Force

By Manesh Samtani | 28/01/2020

The PS Act gives MAS formal supervisory powers over technology, cybersecurity and AML/CFT controls at payment services firms, including cryptocurrency and e-wallet companies.

Fintech / Regtech

Japanese Lawmakers Working on ‘Digital Yen’ Proposal – Report

By Editors | 28/01/2020

The group of lawmakers reportedly plans to submit its proposal for a ‘digital yen’ to the government as early as next month.

Fintech / Regtech

WEF Announces Global Consortium for Digital Currency Governance

By Editors | 28/01/2020

The consortium aims to address regulatory fragmentation and increase access to the financial system through innovative policy solutions for digital currencies.

Fintech / Regtech

Australia Considers Opening ‘Write’ Access Under Open Banking

By Editors | 24/01/2020

The government will consider expanding the consumer data right to allow ‘write’ access by entities other than banks, similar to how the EU’s PSD2 operates.