Fintech / Regtech

Fintech / Regtech

NZX to Create Industry Working Group on Capital Markets Technology

By Editors | 30/11/2020

The working group will develop a roadmap to solve for New Zealand’s lack of scale and geographic isolation through the use of technology.

Fintech / Regtech

Australia, Singapore to Trial Paperless Trade Using Blockchain

By Editors | 29/11/2020

The Australian Border Force, Singapore Customs, and IMDA, as well as industry groups and financial institutions, will participate in the trial.

Fintech / Regtech

Philippine Central Bank Introduces Digital Banking Framework

By Editors | 27/11/2020

Foreign individuals and non-bank corporations are allowed to hold up to 40% of a digital bank’s voting shares, while foreign banks are allowed to hold up to 100%.

Fintech / Regtech

MAS On Track to Award Digital Bank Licences by Year-End

By Manesh Samtani | 26/11/2020

Regulatory changes impacting some of the Chinese digital bank applicants are unlikely to have an impact on the granting of the new licences in Singapore.

AML / KYC

AUSTRAC Reports on Fintel Alliance Efforts to Combat Criminal Threats

By Manesh Samtani | 25/11/2020

AUSTRAC has developed an algorithm that enables Fintel Alliance to detect suspicious financial patterns while protecting the privacy of underlying reporting entities and personal data.

Fintech / Regtech

Taiwan Credit Bureau to Provide Fintechs Access to Borrower Data

By Sanday Chongo Kabange | 25/11/2020

The Joint Credit Information Center is planning to establish a new credit database by October 2021 which will provide lending and repayment data to fintech firms.

Securities / Derivatives

HKEX to Enhance Northbound Stock Connect Post-trade Processing

By Editors | 24/11/2020

HKEX is targeting a Q1 2022 launch for the new settlement platform, which will automate and streamline post-trade processes and improve settlement efficiency.

Fintech / Regtech

Consortium of Japanese Firms to Test Digital Currency in April

By Sanday Chongo Kabange | 24/11/2020

The consortium, which includes Japan’s three megabanks as members, aims to address a lack of interoperability between digital payment platforms in the country.

Crypto / Digital Assets

Australian Treasury Seeks Feedback on Payments System Regulation

By Manesh Samtani | 23/11/2020

The paper seeks views on the adequacy of the current regulatory architecture for developments such as stablecoins, cryptocurrency, digital wallets, stored value facilities and open banking.