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Fintech / Regtech
Korea Delays Basel III for New Online-Only Banks
By Editors | 17/05/2019
Only Basel I rules will apply for the first three years after launch. Basel III will be phased in from the fourth year onwards, including NSFR and the leverage ratio.
Fintech / Regtech
Koscom to Open Robo-Advisory Testbed from 3 June
By Editors | 17/05/2019
Robo-advisory services will have to undergo testing and verification before they can be used to directly manage funds and entrusted assets under new enabling FSC regulations.
Fintech / Regtech
Artificial Intelligence Holds “Immense Potential” for Risk Management – MAS
By Garima Chitkara | 16/05/2019
MAS is using artificial intelligence tools for risk detection and market surveillance, while also working to strengthen protections against cyber risk, data breaches and AI-based discrimination.
Fintech / Regtech
S. Korea Accepts Eight More Fintech Sandbox Participants
By Editors | 16/05/2019
The FSC has approved eight more fintech services for the regulatory sandbox, bringing the total number of approved companies to 26.
Fintech / Regtech
Hong Kong, Thailand Central Banks Sign Fintech Collaboration Agreement
By Editors | 15/05/2019
HKMA and BOT have agreed to collaborate on fintech innovation, including through a joint research project on the development of a central bank digital currency.
Fintech / Regtech
SEBI Directs Mutual Funds to Report on AI, ML Use
By Editors | 10/05/2019
Mutual funds will have to report on their use of AI and ML to facilitate investing, trading, dissemination of investment strategies and advice, compliance, operations and other activities.
Fintech / Regtech
Banks Need to Be More Agile to Remain Competitive
By Salomon Wettstein | 10/05/2019
Banks have not invested sufficiently in modernising their core internal systems due to a stronger focus on customer-facing applications, says Synpulse partner Salomon Wettstein.
Fintech / Regtech
HKMA Grants Four More Virtual Bank Licences
By Manesh Samtani | 09/05/2019
Ant Financial, Tencent, ICBC Asia, HKEX, Xiaomi and Ping An are among the backers of the four licence recipients, bringing the total number of virtual banks in Hong Kong to eight.
Fintech / Regtech
Japan FSA Seeks AI Expertise to Examine Securities Reports
By Editors | 09/05/2019
The FSA is looking to conduct an experiment to explore the use of AI to read and analyse the data in annual securities reports published by listed companies.
Fintech / Regtech
Open Banking Security Risks May Open Pandora’s Box
By Peter Lancos | 09/05/2019
The open banking initiative could be put in jeopardy if data is not sufficiently secured, say Peter Lancos, Jonathan Naismith and Suraj Nittoor at Exate Technology.
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