Fintech / Regtech

Fintech / Regtech

HKMA Outlines Regtech Use Cases for Pandemic Environment

By Editors | 18/12/2020

In its fifth issue of ‘Regtech Watch’, the HKMA outlines four potential regtech use cases relevant to the pandemic environment.

AML / KYC

Korea’s FIU Upgrades AML System to Boost Processing Capacity

By Editors | 17/12/2020

The upgraded AML system has increased KoFIU’s processing capacity by about five times, helping it address an increasing number of suspicious transaction reports it receives.

Fintech / Regtech

Australia’s Domestic Payment Organisations Propose to Amalgamate

By Editors | 17/12/2020

Australia’s eftpos, BPAY Group and NPPA will be preserved as distinct operations under a single Board with a shared roadmap for innovation and investment.

Fintech / Regtech

Taiwan FSC Cautions New Digital Banks Against Price Wars

By Editors | 17/12/2020

Taiwan’s new digital-only banks should offer innovative products and services instead of resorting to pricing competitions to attract clients, says FSC Chairman Thomas Huang.

Fintech / Regtech

Singapore to Review E-wallet Payment Limits in 2021

By Editors | 17/12/2020

Currently, e-wallet users in Singapore can hold up to S$5,000 in their accounts at any one time, and transactions are capped at S$30,000 per year.

Crypto / Digital Assets

SFC Issues First Licence to Digital Asset Trading Platform

By Editors | 16/12/2020

The licences permit OSL Digital Securities to operate regulated brokerage and automated trading services for digital assets.

Fintech / Regtech

Digital-only Bank Announces Closure in Australia

By Editors | 16/12/2020

Xinja blamed Covid-19 and a difficult capital raising environment for its decision to exit banking. APRA will monitor the return of customer funds.

Fintech / Regtech

Japan FSA to Allow Banks Use Customer Data for Targeted Ads

By Editors | 15/12/2020

The FSA will reportedly allow local banks to use their customers’ data for targeted advertising and sales activities.

Press Release

Regulation Asia Awards for Excellence 2020 – Results Announcement

By Editors | 15/12/2020

Regulation Asia held its third annual Awards ceremony on 15 December 2020 to recognise those in the industry that have helped address changing regulatory requirements in Asia Pacific over the past year.