Fintech / Regtech

Fintech / Regtech

China P2P Lending Sector Survival Relies on Better Regulation

By Peter Guy | 26/07/2018

P2P platform failures due to liquidity shortfalls have crippled a key source of retail credit for consumers and small businesses. The future of P2P lending in China. Regulators need to play a more dominant role in this growing and unruly industry to assure its survival.

AML / KYC

Crypto a Key Focus of FATF Report to G20

By Manesh Samtani | 26/07/2018

FATF is actively monitoring crypto assets for AML/CTF risks and is reviewing its guidance and standards to determine if changes are needed to reflect their technical aspects.

Fintech / Regtech

S. Korea’s FSC Vows to Support Growth of Fintech Sector

By Mark Pufpaff | 26/07/2018

Discussions are underway concerning a revision of South Korea’s Banking Act to nurture growth within the fintech industry, including a proposal to allow non-financial firms to hold up to 50% stakes in banks, including internet-only banks.

Fintech / Regtech

Shariah Fintech – A Case Study of Indonesia

By Sharifah Nursyafiqah | 25/07/2018

Better support and regulation for Shariah-compliant fintech will serve to boost the Islamic finance industry, increasing the share of Islamic banks in Indonesia’s financial services sector and ultimately making it more competitive.

Fintech / Regtech

Technology and Regulation: Rapidly Reforming the Funds Industry

By Leo Chen | 25/07/2018

The Asian funds industry is undergoing a period of fundamental change and challenge. This is a result of shifting investor demographics, rapid technological development, the emergence of technology firms and tightening regulation.

Fintech / Regtech

ASIFMA Publishes Report on Outsourcing Regulation

By Editors | 24/07/2018

The report includes nine proposed leading principles for regulation of outsourcing to help securities, futures and banking intermediaries navigate different regulatory landscapes in Asia-Pacific.

Crypto / Digital Assets

S. Korea FSC Reorganises to Meet ‘Fourth Industrial Revolution’

By Editors | 24/07/2018

New body charged with industry-wide consumer protection issues; Financial Innovation Bureau formed to respond to new challenges including cryptocurrency.

Fintech / Regtech

Big Four to Pilot Blockchain-based Auditing in Taiwan

By Emma Zhou | 24/07/2018

Deloitte, EY, KPMG and PwC will cooperate with a consortium of 20 banks to simplify the auditing process for public companies.

Fintech / Regtech

China’s P2P Lending Sector Suffers Panic – Report

By Manesh Samtani | 22/07/2018

Over 100 peer-to-peer lenders have failed so far this month, with some users turning up at operators’ offices to demand early repayment.