Fintech / Regtech

    Fintech / Regtech

    HSBC to Scrap More Fees for Hong Kong Retail Customers

    By Manesh Samtani | 13/09/2020

    A recent sequence of measures to shift to lower-cost, digital-first services for SME and retail customers is largely seen as a response competition from the new virtual banks.

    AML / KYC

    Japanese Police Probe Thefts from NTT Docomo E-money Service

    By Editors | 11/09/2020

    NTT Docomo reportedly did not notify many of its partner banks after similar thefts last year, a warning which may have allowed them to bolster authentication protocols.

    Fintech / Regtech

    Thailand Starts Issuing Govt Savings Bonds on Blockchain

    By Editors | 10/09/2020

    The new scripless bond platform enhances investors’ buying experience, improves operational efficiency and reduces overall cost, the BOT said.

    Fintech / Regtech

    Mastercard Launches Virtual Testing Environment for CBDCs

    By Editors | 09/09/2020

    The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers.

    Fintech / Regtech

    Mox Bank Launches Virtual Banking Services in Hong Kong

    By Manesh Samtani | 09/09/2020

    Mox Bank, backed by Standard Chartered, PCCW, HKT and Ctrip Financial, is first opening accounts for its 20,000 pre-registrants before it opens to the rest of the public.

    Fintech / Regtech

    Tokyo Bourse, IHS Markit to Combine Securities Finance Data

    By Sanday Chongo Kabange | 08/09/2020

    The combined dataset will provide five years of historical short selling and stock loan data covering Japanese equities for use in portfolio analysis and construction.

    Fintech / Regtech

    ASX Opens Data Science Platform to Third Party Firms

    By Editors | 07/09/2020

    ASX DataSphere allows third-party firms to experiment with ASX and non-ASX datasets spanning fixed income, interest rates, derivatives, equities, and benchmarks.

    Fintech / Regtech

    HKMA Directs Banks to Enhance Digital Lending Disclosures

    By Manesh Samtani | 07/09/2020

    Digital lending platforms have 12 months to enhance disclosures and transparency to ensure borrowers are made to understand the implications of their borrowing decisions.

    Capital / Liquidity

    State Council Approves Rules for Financial Holding Companies

    By Manesh Samtani | 07/09/2020

    Based on last year’s consultation, non-financial enterprises that control financial sector businesses will need a licence to operate financial holding companies.

    Fintech / Regtech

    BSP Targets September Issuance of Digital Banks Framework

    By Editors | 06/09/2020

    Separately, new legislation is under development to expedite the digital banking sector, targeted to pass by the end of 2020.

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