Fintech / Regtech

Fintech / Regtech

Nikko Set to Enter New Zealand’s Robo Advice Market

By Manesh Samtani | 29/08/2018

New Zealand’s FMA has granted an exemption allowing Nikko to enter the robo-advice market; new digital platform to be launched later this year.

AML / KYC

Samsung SDS Announces Blockchain-based ID Verification Platform

By Manesh Samtani | 29/08/2018

Developed in collaboration with the Korea Federation of Banks, BankSign allows customers to use multiple banks’ mobile apps, once a co-verification certificate is obtained from a single bank.

Fintech / Regtech

Banking on the Cloud is Vital – Report

By Manesh Samtani | 29/08/2018

In a new report, Quinlan & Associates suggests successful adoption and effective utilisation of cloud technology can help banks achieve a 1-2 percent revenue boost and a 2 percent reduction in overall costs.

Fintech / Regtech

Baidu’s Fintech Arm Receives Fund Distribution Licence

By Garima Chitkara | 28/08/2018

A unit of Du Xiaoman, a Baidu subsidiary, received a fund distribution licence from the CSRC and will have six months to complete preparatory work. It will also need to apply for a securities and futures license.

Fintech / Regtech

MAS, SGX to Develop Cross-Platform DvP Settlement of Tokenised Assets

By Manesh Samtani | 27/08/2018

Nasdaq, Deloitte and Anquan appointed as technology partners to enable simultaneous exchange and settlement of tokenised digital currencies and securities assets using blockchain technology.

Crypto / Digital Assets

The Rise of the Crypto Hedge Fund: Opportunities and Challenges

By Hannah Cassidy | 27/08/2018

Cryptocurrency is fast establishing itself as a mainstream asset class, evident from the emergence of several new crypto hedge funds. However, given the complex regulatory and operational issues involved, it is important for firms to review crypto-related projects carefully and engage with regulators early to avoid costly surprises and delays.

Crypto / Digital Assets

China Blocks 124 Offshore Crypto Trading Platforms

By Garima Chitkara | 27/08/2018

In the latest move in a long line of measures to stamp out cryptocurrency trading, payments and ICOs in the country, the PBOC will block the IP addresses of over 120 offshore crypto exchange platforms accessible on the mainland.

Fintech / Regtech

SWIFT Trials Instant Cross-Border Payments Service in Asia Pacific

By Garima Chitkara | 27/08/2018

SWIFT is set to trial its gpi payments service using Australia’s New Payments Platform, together with banks from China, Singapore and Thailand.

AML / KYC

Thomson Reuters, Singapore FinTech Association Join Forces on Financial Crime

By Editors | 24/08/2018

The collaboration joins the Singapore FinTech Association network with Thomson Reuters Labs technical expertise to solve issues around financial crime.