Fintech / Regtech

Big Picture

Fintech Risks Could Undermine Financial Inclusion

By Editors | 16/04/2020

The CPMI and World Bank have set out key actions to help stakeholders address fintech risks in the context of achieving financial inclusion outcomes.

Fintech / Regtech

Two Singapore Bodies Merge to Form New Blockchain Association

By Editors | 15/04/2020

The new industry body will be co-chaired by SFA president Chia Hock Lai and OneConnect Financial Technology’s APAC chief Ms Tan Bin Ru.

Big Picture

FSB Offers Recommendations on Regulating Global Stablecoins

By Editors | 14/04/2020

The consultative report proposes 10 high-level recommendations for jurisdictional authorities to advance consistent and effective regulation and supervision of global stablecoin arrangements.

Fintech / Regtech

‘Mox Bank’ Becomes Latest Virtual Bank to Launch HK Pilot

By Editors | 12/04/2020

‘Mox Bank’ – backed by Standard Chartered, PCCW, HKT and Trip.com – has become the third virtual bank to launch pilot services in Hong Kong.

AML / KYC

MAS, ABS Push Greater Adoption of Digital Financial Services

By Editors | 10/04/2020

The Association of Banks in Singapore, support by MAS, is offering incentives to encourage uptake and usage of peer-to-peer funds transfer service PayNow.

Fintech / Regtech

FSC Korea Moves to Support Corporate, Fintech Funding Needs

By Editors | 10/04/2020

Korea’s bond market stabilisation fund has begun operating. Additional support will come through a new bond underwriting programme, P-CBOs, and direct investment into fintechs.

AML / KYC

FSB Publishes Stage 1 Report on Enhancing Cross-Border Payments

By Editors | 09/04/2020

New technologies have the potential to facilitate fast, low cost, transparent and scalable payments, but should be accompanied by measures to address all relevant risks.

Fintech / Regtech

MAS Extends Assessment Period for Digital Bank Decisions

By Editors | 09/04/2020

Successful digital bank applicants will be informed in the second half of this year, instead of June 2020 as originally intended.

Fintech / Regtech

Korea: FSS Enhances Supervision with Artificial Intelligence

By Editors | 09/04/2020

The FSS has been applying AI to monitor insurance telemarketing, loan collections and online advertising, as well as to analyse complaints and PE fund reports.