ADVERTISEMENT
Fintech / Regtech
MAS to Issue Up to Five Digital Bank Licences
By Editors | 01/07/2019
The initiative effectively extends digital bank licences to non-bank players, as existing banking groups in Singapore already have a framework for setting up digital bank subsidiaries.
Fintech / Regtech
ASIC Proposes New Rules for Market Operators, Participants
By Editors | 30/06/2019
The proposals seek to ensure resilience of critical systems, reliability of outsourced services, and appropriate management of cyber and data security risks, among other requirements.
Fintech / Regtech
GFiN Publishes Report Reflecting on First Year of Work
By Editors | 27/06/2019
The Global Financial Innovation Network has published a report reflecting on its work over the past year, and its ambitions for the future.
Fintech / Regtech
Australian Fintechs Says Banks Are Delaying NPP Adoption
By Editors | 27/06/2019
Earlier this month, the RBA called for an enforceable sanctions regime and possible financial penalties for participants that do not deliver core NPP capabilities on time.
Fintech / Regtech
Singapore, Indonesia to Launch Cross Border QR Payments
By Editors | 27/06/2019
Singapore’s Liquid Group and Indonesia’s CIMB Niaga have established a partnership to accelerate adoption of cross border QR payments.
Fintech / Regtech
APRA Releases Finalised Guidance on Information Security
By Editors | 26/06/2019
The updated guidance is intended to help regulated entities comply with APRA’s new cross-industry prudential standard on information security, which comes into force on 1 July.
Fintech / Regtech
Regulatory Coordination Needed to Mitigate BigTech Risks: BIS
By Editors | 25/06/2019
An element of risk is BigTechs’ access to data from existing social media, search engines and ecommerce platforms, which raises competition and data privacy issues.
AML / KYC
FATF Adopts Global AML/CTF Standards for Crypto Activity
By Manesh Samtani | 24/06/2019
The FATF has established binding obligations for countries and virtual asset service providers to comply with AML/CTF standards to prevent the misuse of virtual assets.
Market Infrastructure
Mirae Asset Daewoo to Launch Payments Business
By Editors | 21/06/2019
The FSC lifted restrictions barring brokerage firms from entering the payments business last December. WeChat Pay will be used in Mirae Asset Daewoo’s new payment gateway.
Fintech / Regtech
Cambodia Selects Three Banks to Pilot QR Code System
By Editors | 21/06/2019
The QR code system developed by Siam Commercial Bank will enable cross border payments between Cambodia and Thailand using local currencies.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team