Fintech / Regtech

Fintech / Regtech

MAS Calls on Governments to Advance Digital Infrastructure

By Sanday Chongo Kabange | 27/04/2021

MAS will seek to build a consortium of countries to explore the potential of digital infrastructure for cross-border use.

Fintech / Regtech

Taiwan FSC Directs LINE Bank to Conduct Stress Tests

By Editors | 26/04/2021

LINE Bank services crashed on Thursday due to “system overload” just as it launched new digital banking services.

AML / KYC

HKMA Offers Guidance on Combatting Covid-19 Related Fraud, AML

By Manesh Samtani | 26/04/2021

The guidance emphasises the use of data from internal and external sources, proactive data analysis and information sharing to tackle emerging AML risks.

Crypto / Digital Assets

US House Passes Bill to Foster Innovation in Digital Assets

By Editors | 25/04/2021

The bill will require the SEC and CFTC to establish a digital asset working group to ensure collaboration between regulators and the private sector on digital assets.

Crypto / Digital Assets

UK Taskforce Publishes Digital Dispute Resolution Rules

By Sanday Chongo Kabange | 25/04/2021

The rules allow parties to digital transactions to quickly resolve disputes through arbitration, where decisions are implemented within smart contracts.

Fintech / Regtech

BSP May Raise Cap on Digital Banking Licences

By Ranamita Chakraborty | 25/04/2021

Under the digital banking framework approved by the BSP in November, the number of digital bank licences is capped at five.

Fintech / Regtech

Regulatory Future Proofing with In-Memory Computing

By Editors | 24/04/2021

In-memory analytics tools allow even the most complex of regulatory calculations to be performed in minutes or seconds rather than hours.

Enforcement

Taiwan FSC Probes Next Bank Over Possible Regulatory Breaches

By Sanday Chongo Kabange | 22/04/2021

Next Bank is one of the three internet-only banks that was issued a licence by the FSC in 2019. The bank has yet to launch operations.

Crypto / Digital Assets

HM Treasury, BOE Form CBDC Taskforce to Explore ‘Britcoin’

By Sanday Chongo Kabange | 21/04/2021

The taskforce will coordinate work to explore a potential ‘Britcoin’, though a decision has not been made on whether a CBDC would be introduced.