Fintech / Regtech

AML / KYC

OCBC Enables Instant Bank Account Opening for Startups

By Editors | 05/11/2019

OCBC Enables Instant Bank Account Opening for Startups

Fintech / Regtech

China Adopts Certification System for Fintech Products

By Editors | 04/11/2019

For certification, fintech products will be subject to testing and inspection for safety, quality assurance and product consistency.

Fintech / Regtech

Hong Kong Enables Govt Bill Payment Via FPS QR Code

By Editors | 04/11/2019

Bills related to tax, government rates and rent, and water will be issued with FPS QR codes moving forward.

Fintech / Regtech

PBOC Unveils 40 Measures to Develop Shanghai Fintech Sector

By Editors | 04/11/2019

Among the key measures announced by PBOC Shanghai is the possible introduction of a regulatory sandbox, drawing on international practice.

Fintech / Regtech

HKMA Offers High-level Guidance for Banks on AI Use

By Editors | 02/11/2019

The high-level principles cover governance, application design and development, and ongoing monitoring and maintenance of banks’ AI applications.

Fintech / Regtech

SFC Issues Guidance on Outsourcing of Data Storage

By Editors | 01/11/2019

Licensed corporations must ensure cyber and operational risks are properly mitigated and that the SFC’s access to regulatory records is not restricted or otherwise undermined.

AML / KYC

FATF Issues Draft Guidance on Digital Identity Systems

By Manesh Samtani | 31/10/2019

The draft guidance analyses the use, reliability and independence of digital ID systems, and looks at how they can meet FATF requirements around customer due diligence.

Fintech / Regtech

S. Korea Launches 10-Bank Pilot of Open Banking System

By Editors | 31/10/2019

Initially, bank customers will be able to access services from 10 banks, before the system is expanded to other banks and fintech firms in December.

Fintech / Regtech

NPP Australia Unveils Roadmap for New Payments Capabilities

By Editors | 30/10/2019

The roadmap includes the development of new structured data capabilities, third party payment initiation, and the ability to link regular payments to a mobile number.