FINTECH / REGTECH

Fintech / Regtech

China Issues Guidelines for Personal Data Protection Compliance Audits

By Mark Johnston | 20/02/2025

China introduces mandatory compliance audits for entities handling personal data, aiming to enhance digital protection and security.

Fintech / Regtech

Korea FSS Unveils Plans to Strengthen “Digital Resilience” of Banks

By Nithya Subramanian | 20/02/2025

The FSS is urging banks to enhance cybersecurity, IT infrastructure, disaster recovery capabilities, and regulatory compliance.

Fintech / Regtech

MPFA Announces Enhancements to eMPF Platform

By Sanday Chongo Kabange | 20/02/2025

Five MPF trustees have been onboarded to the new eMPF platform so far. Seven more will start onboarding starting in March.

AML / KYC

Singapore: Unlocking the Potential of AI in the Fight Against Financial Crime

By Bradley Maclean | 19/02/2025

Brad Maclean discusses Singapore’s AI adoption journey, including the opportunities it has seized, the challenges it faces, and what lies ahead.

Fintech / Regtech

Budget 2025: Singapore Unveils Measures to Boost Stock Market

By Nithya Subramanian | 19/02/2025

Singapore will also set up a S$1bn private credit growth fund and allocate S$150mn to help companies improve their AI capabilities.

ESG / Sustainability

HKMA Issues New Guide for Banks on Greentech Adoption

By Sanday Chongo Kabange | 19/02/2025

The HKMA is urging banks to review the new practice guide and consider how greentech can be integrated into their operations.

Crypto / Digital Assets

Standard Chartered Forms JV to Issue HKD-Backed Stablecoin

By Sanday Chongo Kabange | 19/02/2025

Standard Chartered, Animoca Brands and HKT will apply for HKMA licence to issue the first Hong Kong dollar-backed stablecoin.

Fintech / Regtech

Korea Suspends DeepSeek AI Over Data Privacy Concerns

By Thisanka Siripala | 19/02/2025

DeepSeek has appointed legal representatives to address these regulatory concerns regarding the way it handles personal data.

Fintech / Regtech

Singapore Issues Warning on Unauthorised Mobile Wallets Transactions

By Nithya Subramanian | 19/02/2025

Banks will require additional verification such as in-app controls or digital token authentication for provisioning cards onto mobile wallets.