Fintech / Regtech

Fintech / Regtech

Australian Treasury Orders Review of Domestic Payments Regulation

By Shruti Khairnar | 27/10/2020

The review comes after two decades of the regulatory architecture of the domestic payments system being largely unchanged.

AML / KYC

China Issues AML/CTF Guidelines for Microfinance Institutions

By Editors | 27/10/2020

The guidelines take immediate effect and are require microfinance institutions to report any transaction worth more than CNY 50,000 within 5 working days.

Uncategorised

FSC Korea Designates KFTC to Manage P2P Financing Data

By Sanday Chongo Kabange | 26/10/2020

The Korea Financial Telecommunications and Clearings Institute will start operating a central registry for P2P transaction data from 1 May 2021.

AML / KYC

FATF to Drive Digital Transformation of AML/CFT Systems

By Manesh Samtani | 26/10/2020

Digital transformation of AML/CFT systems will help to ensure their resilience in future and build their efficiency, the FATF says.

Fintech / Regtech

Philippine Privacy Watchdog Warns Against Misusing Borrower Data

By Sanday Chongo Kabange | 23/10/2020

Some online lenders are using illegally obtained personal data to shame or harass borrowers when they failed to meet their obligations.

Fintech / Regtech

India’s Gift City Regulator Introduces Regulatory Sandbox Framework

By Sanday Chongo Kabange | 22/10/2020

All entities operating in the capital market, banking, insurance and pension sectors, as well as individuals and startups from India and FATF-compliant jurisdictions, are eligible.

Fintech / Regtech

IMAS Calls on Asset Managers to Join Digital Accelerator Programme

By Editors | 21/10/2020

Under the programme, asset managers will be paired with a shortlisted fintech with the most appropriate solution to the problem statement submitted.

AML / KYC

Japan FSA to Mandate Stricter ID Checks for E-payments

By Editors | 20/10/2020

The FSA plans to revise its guidelines for bank transfers to e-payment service providers in response to a series of fraudulent withdrawals.

Fintech / Regtech

China Pushes For Faster Launch of Digital Currency

By Sanday Chongo Kabange | 19/10/2020

The Shenzhen government is issuing 10 million yuan worth of digital currency for testing as part of ongoing DC/EP pilot tests.