Fintech / Regtech

    Fintech / Regtech

    Open Banking: ACCC Allows Flexibility to Delay Product Data Sharing

    By Editors | 26/04/2020

    Non-major banks, building societies and credit unions can delay sharing product reference data until 1 November, but are encouraged to begin sharing this data “if they are in a position to do so”.

    Fintech / Regtech

    FMSB Publishes Spotlight Review on Algorithmic Trading

    By Editors | 23/04/2020

    The Spotlight Review highlights the importance and challenges of model risk management in areas where algorithmic trading is being deployed.

    Fintech / Regtech

    PBOC Launches Digital Yuan Pilot Tests in Four Cities – Reports

    By Editors | 20/04/2020

    Four state-owned banks and three telecom companies, along with Tencent and Alipay, are all said to be involved in the development of the digital currency.

    Big Picture

    Fintech Risks Could Undermine Financial Inclusion

    By Editors | 16/04/2020

    The CPMI and World Bank have set out key actions to help stakeholders address fintech risks in the context of achieving financial inclusion outcomes.

    Fintech / Regtech

    Two Singapore Bodies Merge to Form New Blockchain Association

    By Editors | 15/04/2020

    The new industry body will be co-chaired by SFA president Chia Hock Lai and OneConnect Financial Technology’s APAC chief Ms Tan Bin Ru.

    Big Picture

    FSB Offers Recommendations on Regulating Global Stablecoins

    By Editors | 14/04/2020

    The consultative report proposes 10 high-level recommendations for jurisdictional authorities to advance consistent and effective regulation and supervision of global stablecoin arrangements.

    Fintech / Regtech

    ‘Mox Bank’ Becomes Latest Virtual Bank to Launch HK Pilot

    By Editors | 12/04/2020

    ‘Mox Bank’ – backed by Standard Chartered, PCCW, HKT and Trip.com – has become the third virtual bank to launch pilot services in Hong Kong.

    AML / KYC

    MAS, ABS Push Greater Adoption of Digital Financial Services

    By Editors | 10/04/2020

    The Association of Banks in Singapore, support by MAS, is offering incentives to encourage uptake and usage of peer-to-peer funds transfer service PayNow.

    Fintech / Regtech

    FSC Korea Moves to Support Corporate, Fintech Funding Needs

    By Editors | 10/04/2020

    Korea’s bond market stabilisation fund has begun operating. Additional support will come through a new bond underwriting programme, P-CBOs, and direct investment into fintechs.

    AML / KYC

    FSB Publishes Stage 1 Report on Enhancing Cross-Border Payments

    By Editors | 09/04/2020

    New technologies have the potential to facilitate fast, low cost, transparent and scalable payments, but should be accompanied by measures to address all relevant risks.

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