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Fintech / Regtech
ASIC Event Features Regtech Use for Monitoring Financial Promotions
By Manesh Samtani | 06/08/2019
ASIC’s ‘Regtech Monitoring Financial Promotions’ symposium was the first in what will be a series of sessions aimed at working with the industry to solve compliance challenges with technology.
Market Infrastructure
Japan: Security Failures Force New Payments Service to Shut
By Editors | 06/08/2019
The security breach saw more than 38mn yen stolen from more than 800 accounts in the days after the July launch of a new mobile payment service for convenience stores.
Big Picture
Singapore: Two-Thirds of Consumers Willing to Try Digital Banks
By Editors | 03/08/2019
A JD Power survey has found that 65% of Singapore customers are interested in opening digital bank accounts. The survey ranked HSBC first, OCBC second and DBS third in customer satisfaction.
Big Picture
Global Crypto Trading Should be Guided by IOSCO Principles: WFE
By Editors | 03/08/2019
“Innovation which has the potential to present systemic risk or is allowed to operate in an unchecked or unregulated manner is detrimental to financial markets and investor interests.”
Fintech / Regtech
Australia Passes Consumer Data Right Legislation
By Manesh Samtani | 02/08/2019
The passage of the Consumer Data Right legislation clears the way for open banking to start in Australia in February 2020.
Fintech / Regtech
TSE Seeks ‘Data Sandbox’ Partners to Support Innovation
By Editors | 02/08/2019
The Tokyo Stock Exchange is looking to startups, data providers and so-called ‘innovation partners’ to help create new services for the securities sector.
Market Infrastructure
HKMA Reports on Open API Implementation Progress
By Editors | 01/08/2019
Phase I Open APIs provide information on banking products and services. Phase II will allow banks to process applications for such products and services by end-October.
Securities / Derivatives
SFC Raises Standards for Data Submissions by Brokers
By Manesh Samtani | 01/08/2019
In-scope brokers are expected to implement system changes and make other arrangements needed for compliance with the new Data Standards by end-October 2020.
Fintech / Regtech
Taiwan Issues First Three Digital Bank Licences
By Editors | 31/07/2019
The three digital only bank licences went to conglomerates led by Japan’s LINE Group; Taiwan’s Chunghwa Telecom; and Japanese e-commerce firm Rakuten Inc.
Fintech / Regtech
RBA Policy Shift Opens Australian Payments Market to Tech Firms
By Manesh Samtani | 31/07/2019
An RBA policy update will make it easier for fintechs – and so-called BigTechs – to enter Australia’s payments system without having to obtain a banking licence.
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