Fintech / Regtech

Fintech / Regtech

UPDATED – K-Bank Financing Plan Halted Amid Antitrust Probe

By Editors | 25/04/2019

KT Corporation was planning to up its stake in the internet-only bank to 34%, but the FSC put its review process on hold amid an FTC antitrust probe.

AML / KYC

Japan FSA Raids Two Crypto Exchanges to Check Compliance

By Editors | 25/04/2019

The FSA reportedly wants to ensure appropriate measures have been implemented for customer protection and legal compliance after recent management changes.

AML / KYC

Delayering AML – Ideal Test Field for Innovative Technologies

By Prasanna Venkatesan | 22/04/2019

AML/CFT is an ideal test field for new technologies given the risk factors and complex challenges Asian banks face, says Synpulse’s Prasanna Venkatesan.

Crypto / Digital Assets

RBI Unveils Draft Framework for Regulatory Sandbox

By Editors | 19/04/2019

The framework details a comprehensive selection process to identify 10-12 entities to participate in the sandbox, including a 5 million rupee minimum net worth requirement.

Fintech / Regtech

Korea FSC to Use Technology to Deter Misleading Marketing

By Editors | 19/04/2019

The FSC wants to ensure consumers are protected as financial services become more accessible through digital platforms through the introduction of open banking.

Fintech / Regtech

S. Korea FSC Accepts First Nine Fintech Sandbox Participants

By Editors | 18/04/2019

South Korea’s financial regulator has announced the first nine fintech services that it will allow to operate in its regulatory sandbox.

Fintech / Regtech

China’s New P2P Rules Could Shut Out 90pc of Platforms

By Editors | 17/04/2019

Only 100 P2P lending platforms are expected to qualify for new licences under the new registration system set to be introduced later this year.

Fintech / Regtech

South Korea to Debut Open Banking in December

By Editors | 17/04/2019

Following two months of industry deliberation, the FSC has said the new open banking system will be piloted in October, and fully implemented in December.

Fintech / Regtech

IMF, World Bank Launch Blockchain Knowledge Project

By Editors | 16/04/2019

The purpose of the project is to help the IMF and World Bank staff become more familiar with the principles behind DLT, as well as its challenges and real world applications.