Fintech / Regtech

Capital / Liquidity

Thailand SEC Revises Net Capital Rules to Bolster Liquidity

By Sanday Chongo Kabange | 22/11/2020

The SEC will allow securities companies to include the value of digital assets when calculating their net capital funds, though a haircut of at least 50 percent will be applied.

AML / KYC

South Pacific Nations Complete First Phase of KYC Facility Project

By Editors | 22/11/2020

The KYC facility will improve CDD processes and AML/CFT compliance, and support the provision of correspondent banking services to Pacific Island nations.

Fintech / Regtech

ASIC Seeks Greater Powers to Collect Data from Managed Funds

By Shruti Khairnar | 21/11/2020

ASIC’s Karen Chester says insolvencies and macro forces could present greater liquidity challenges to fund managers and affect investors’ ability to withdraw from funds.

Fintech / Regtech

BOK, FSC Clash Over Supervisory Authority in Fintech, Payments

By Sanday Chongo Kabange | 21/11/2020

The FSC has proposed legislative amendments that would give it power over payment settlements in the fintech industry. The BOK says this will create redundant regulations.

Fintech / Regtech

Vietnam Working to Allow Cooperation With Foreign Firms in Payments

By Sanday Chongo Kabange | 21/11/2020

Currently, Vietnam has no regulations for international payments to be made via foreign intermediary payment operators or e-wallets.

Fintech / Regtech

BSP Seeks Interoperability, Unified Standard in Payments

By Sanday Chongo Kabange | 21/11/2020

BSP governor Benjamin Diokno envisions that payment facilities operated by individual banks and payment firms will operate under a single standard.

Fintech / Regtech

FSC Korea Threatens to Withdraw Incentives for Internet-only Banks

By Sanday Chongo Kabange | 20/11/2020

The FSC has criticised Kakao Bank for disregarding customers with average credit scores, and instead favouring borrowers with high credit scores.

Crypto / Digital Assets

Australian Police Charge Ex-Promoter of Failed Crypto Platform

By Sanday Chongo Kabange | 19/11/2020

The former BitConnect promoter is said to have operated an unregistered managed investment scheme and provided unlicensed financial advice.

Fintech / Regtech

SFC Signs Fintech Cooperation Agreement with Israeli Regulator

By Editors | 17/11/2020

The agreement establishes a framework for information sharing, potential joint innovation projects and referrals of innovative firms seeking to enter one another’s markets.