Fintech / Regtech

Fintech / Regtech

IMAS Launches Accelerator Programme for Asset Management Industry

By Editors | 01/03/2019

The Digital Accelerator Programme will allow fintech startups to work with professional mentors from asset management firms to create viable solutions for industry challenges.

AML / KYC

FATF Gets Tough on Virtual Assets and Their Service Providers

By ComplyAdvantage | 27/02/2019

If the FATF Interpretive Note is adopted, virtual assets and their service providers could fall under the same level of regulatory scrutiny as seen in traditional banking, says ComplyAdvantage.

Crypto / Digital Assets

Thailand to Allow Scripless Issuance, Tokenisation of Securities

By Editors | 26/02/2019

The National Legislative Assembly has endorsed an amendment that will enable the scripless issuance and tokenisation of primary market securities, as early as this year.

Fintech / Regtech

UPDATED – S. Korea to Boost Fintech Development with Open Banking

By Editors | 26/02/2019

The FSC plans to make banking APIs more open, accessible and cost-efficient so all nonbank fintech players can access Korea’s payment network.

AML / KYC

AUSTRAC Trials Reporting Automation through Smart Contracts

By Editors | 26/02/2019

The proof of concept project commenced in December 2018 and aims to help reporting entities automate the reporting of international funds transfers to AUSTRAC.

Fintech / Regtech

BSP Streamlines Licensing Process e-Financial Services Firms

By Editors | 25/02/2019

The move is in line with BSP’s reform agenda to promote digital innovation and increase availability of safer and more efficient channels for financial services.

Securities / Derivatives

Daiwa Securities Completes Trade Matching POC Using DLT

By Editors | 21/02/2019

Japan’s Daiwa Securities Group has announced the completion of a proof of concept studying the effectiveness of using distributed ledger technology in trade matching processes.

Fintech / Regtech

Japan to Allow Non-Banks to Handle Large Remittances

By Editors | 21/02/2019

In a bid to improve remittance services in the country and promote fintech, Japan plans to ease limits on non-banks providing money transfer services.

Enforcement

China Freezes $1.5bn in Assets, Arrests 62 in P2P Purge

By Editors | 20/02/2019

Since last June, a crackdown on peer-to-peer lenders by China’s Ministry of Public Security, codenamed ‘Fox Hunt’, has yielded $1.5bn in seized assets and 62 arrests.