Fintech / Regtech

    Enforcement

    BaFin Efficacy Called into Question for Wirecard Handling

    By Manesh Samtani | 22/06/2020

    Last February, BaFin responded to whistleblower allegations and critical media reports by banning short-selling in Wirecard and filing criminal charges against journalists.

    Fintech / Regtech

    Singapore: AMTD, Xiaomi Finance Launch Digital Finance Programme

    By Editors | 22/06/2020

    AMTD and Xiaomi Finance will provide S$5mn to support to enable SMU and NUS-ISS to build curriculum and teaching resources for a digital finance leadership programme.

    Fintech / Regtech

    European Fintechs Launch New Industry Association

    By Editors | 19/06/2020

    The European FinTech Association will seek to remove cross-border barriers in financial services, including to streamline fragmented AML rules and address IBAN discrimination.

    Fintech / Regtech

    BOT Unveils New Project to Use CBDC for B2B Payments

    By Editors | 19/06/2020

    A CBDC prototype developed by Digital Ventures will be integrated with systems at industrial conglomerate Siam Cement PCL and its suppliers.

    Fintech / Regtech

    MAS: 14 of 21 Digital Bank Applicants Assessed as ‘Eligible’

    By Editors | 18/06/2020

    These applicants assessed as eligible will progress to the next stage of assessment, where they will be invited to present their proposals via virtual meetings.

    Fintech / Regtech

    BOK Panel to Explore Legal Issues of CBDC Issuance

    By Editors | 17/06/2020

    The BOK has formed a legal advisory group comprising internal and external experts to discuss the legal and regulatory issues surrounding a central bank digital currency.

    Crypto / Digital Assets

    India Considers Next Steps to Regulate Cryptocurrency

    By Editors | 17/06/2020

    Market commentators believe that a recent Supreme Court decision has prompted the government to work towards a new regulatory approach, rather than an outright ban.

    Fintech / Regtech

    FSC Korea to Enhance Regulatory Framework for Crowdfunding

    By Editors | 17/06/2020

    SMEs will be allowed to raise funds through crowdfunding platforms, and the capital raising limit will be raised, among other enhancements to the existing framework.

    AML / KYC

    HKMA Spotlights RegTech Use to Implement AML/CFT Measures

    By Manesh Samtani | 15/06/2020

    The HKMA outlines four regtech use cases that support the effective implementation of AML/CFT measures at Hong Kong banks.

    Fintech / Regtech

    FSC Korea Outlines Key Policy Tasks for H2 2020

    By Editors | 14/06/2020

    The measures include continued support for businesses and individuals, with some focus being diverted back to pre-Covid policy work to support innovation and data-driven initiatives.

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