Fintech / Regtech

AML / KYC

FATF Issues Guidance Paper on Digital Identity Systems

By Editors | 07/03/2020

The guidance recommends a risk-based approach which relies on a set of assurance frameworks and technical standards for digital ID systems.

Crypto / Digital Assets

Supreme Court Overturns RBI Circular Barring Banks from Crypto Dealings

By Editors | 04/03/2020

The ruling is hailed as a big win for the crypto sector. But, the government  has yet to act on an interministerial committee’s recommendations to ban all private cryptocurrencies.

AML / KYC

OFAC Sanctions Two Chinese Nationals Over Stolen Cryptocurrency

By Editors | 03/03/2020

OFAC has linked two Chinese nationals to the 2018 theft of $250mn in cryptocurrency by the Lazarus Group, a US-designated North Korean cybercrime group.

Fintech / Regtech

Indonesia Halts Fintech Registrations Amid Lack of Supervisory Capacity

By Editors | 01/03/2020

The OJK has temporarily halted new registrations from fintech firms to dedicate its supervisory resources on ensuring the quality of existing firms.

Fintech / Regtech

FSC Korea to Enhance Support for Innovative Startups, SMEs

By Editors | 28/02/2020

The policy plan includes support for 1,000+ innovative companies, a new business credit scoring system, a per-industry collective credit guarantee scheme, and the introduction of non-recourse factoring.

AML / KYC

Six Key Ingredients for e-KYC Utility Success

By Niall Twomey | 28/02/2020

Fenergo’s Niall Twomey outlines a recipe for e-KYC Utility success, based on research of previous attempts in the marketplace, and looking at current initiatives being explored globally.

Fintech / Regtech

CBIRC Considers New Bad Debt Managers to Resolve P2P Loans

By Editors | 28/02/2020

Companies in Shanghai, Zhejiang and Shenzhen have submitted applications to set up local asset managers to deal with bad loans, particularly those from P2P lending platforms.

Fintech / Regtech

FSC Korea Unveils Policy Initiatives to Promote Fintech, Digital Finance

By Editors | 27/02/2020

South Korea’s FSC has announced new policy measures in five key areas to promote fintech and digital finance, and establish a stronger foundation for financial sector innovation.

AML / KYC

Meeting New Compliance Challenges Through Digital Identity

By Peter Guy | 27/02/2020

Digital identity systems could form a significant component of the compliance infrastructures at the new digital banks in the years to come, says Refinitiv’s Phillip Malcolm.