ADVERTISEMENT
AML / KYC
Artificial Intelligence – the Ultimate Weapon to Fight Financial Crime
By Karl Seagrave | 03/04/2019
Getting buy-in from senior management is one of the biggest hurdles to adopting AI in the fight against financial crime, says Fenergo’s Karl Seagrave.
Fintech / Regtech
S. Korea Launches Regulatory Sandbox, 105 Applications Received
By Editors | 01/04/2019
South Korea’s Special Act on Financial Innovation Support has taken effect 1 April, marking the formal launch of the country’s first financial regulatory sandbox.
AML / KYC
UN Security Council Resolution Targets Terrorism Financing
By Editors | 01/04/2019
The UN Security Council has adopted a resolution calling on member states to beef up efforts to identify, prosecute and penalise those directly or indirectly financing terrorism.
AML / KYC
Philippines to Launch Digital Banking ID Registry This Year
By Editors | 31/03/2019
The blockchain powered ID registry will enable electronic KYC and make it easier for clients to access banking services.
Fintech / Regtech
Malaysia Seeks Licensing Regime for Virtual Banks by Year-End
By Editors | 29/03/2019
Though discussions are still in the preliminary stages, Malaysia’s central bank is looking to publish its requirements for virtual bank licences by the end of the year.
Fintech / Regtech
S. Korea FSC Receives Three Applications for Internet-Only Banks
By Editors | 29/03/2019
The FSC will review the applications with an aim to approving a preliminary licence for one or two new internet-only banks in May.
Fintech / Regtech
Banks Not Using Latest RegTech Solutions Must Explain Why – ASIC
By Editors | 29/03/2019
ASIC reportedly plans to force banks to explain why they aren’t using the latest technology to improve regulatory compliance, including systems offered by regtech startups.
Fintech / Regtech
HKMA Approves Three Virtual Banks, Five More Being Considered
By Editors | 27/03/2019
The three newly licenced virtual banks are joint ventures involving BOCHK, JD Digits, Jardines, Standard Chartered, HKT, PCCW, Ctrip, ZhongAn Online and Sinolink.
Capital / Liquidity
New Internet-Only Banks in S. Korea to Get Grace on Basel Rules
By Editors | 26/03/2019
The FSC wants to grant new internet-only banks three years’ grace on Basel III requirements to ease the regulatory burden during the early stages of their business operation.
Fintech / Regtech
Singapore, Australia Fintech Bodies Agree to Collaborate
By Editors | 26/03/2019
FinTech Australia and the Singapore Fintech Association have agreed to collaborate on fintech initiatives across ASEAN and Australia. The MoU was signed at Money20/20 in Singapore last week.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team