Fintech / Regtech

Fintech / Regtech

DBS Completes First Fully Digital Trade Financing Settlement on NTP

By Editors | 10/02/2020

DBS was able to cut the trade financing processing time from about a week to under one working day, yielding greater operational efficiencies for trade partners.

Fintech / Regtech

S. Korea’s KakaoPay Green-lit to Offer Brokerage Services

By Editors | 10/02/2020

The FSC has granted final approval to KakaoPay allowing it to acquire Baro Investment & Securities and enter the brokerage services space.

AML / KYC

BOT Launches Digital Account Opening Tests at Six Banks

By Editors | 07/02/2020

Six banks will open online deposit accounts digitally, using facial recognition to verify customer identities against information held in the new National Digital ID platform.

Fintech / Regtech

ACCC Publishes Final Data Sharing Rules for Open Banking

By Editors | 06/02/2020

The Consumer Data Right Rules give legislative force to consumer requests for banks to share their data with accredited data recipients.

Fintech / Regtech

Philippines, Indonesia Sign MOU on Payments, Digital Innovation

By Editors | 04/02/2020

The MOU aims to provide a framework for closer cooperation between the Philippine and Indonesian central banks to achieve enhance their payment systems and promote digital financial innovation.

Fintech / Regtech

MAS Sandbox Graduate ‘iSTOX’ Approved for Full Launch

By Editors | 04/02/2020

The iSTOX platform connects buyers and sellers of digitised securities denominated in fiat currencies, catering to institutional and accredited investors in Singapore.

AML / KYC

OCBC Speeds Up Criminal Probes Through Automated System ‘POET’

By Editors | 03/02/2020

‘POET’ digitally receives and responds to investigation requests with minimal human intervention, allowing OCBC to respond to law enforcement requests within 1-2 working days.

Fintech / Regtech

Cambodia to Launch CBDC-based Payment System

By Editors | 03/02/2020

The new payment system expected to launch in the coming months has the support of 11 banks so far, and will operate using a quasi-CBDC known as ‘Bakong’.

Fintech / Regtech

HKEX Explores AI Use to Review Issuer Disclosures

By Manesh Samtani | 03/02/2020

In the initial stage, HKEX has applied artificial intelligence to identify listed companies’ disclosures as required by some selected rules.