Fintech / Regtech

Fintech / Regtech

Singapore to Develop Metrics to Assess Fairness of AI-driven Decisions

By Editors | 28/05/2020

UOB and Element AI will develop fairness metrics for credit risk scoring; HSBC, IAG Firemark Labs and Gradient Institute will develop fairness metrics for customer marketing.

Fintech / Regtech

FSC Korea to ‘Reshape’ Regulations, Infrastructures to Boost Innovation

By Editors | 28/05/2020

In a welcome speech for Online Korea Fintech Week, FSC chairman Eun Sung-soo said the regulator will pursue innovation based on three main pillars.

AML / KYC

Are Criminals Winning at Covid-19? Not Without a Fight

By Editors | 27/05/2020

Advances in digital identification technology can mitigate the unpleasant rise in pandemic-related financial crime. A top regulator, banker and lawyer join forces with Refinitiv to discuss how.

Fintech / Regtech

ACCC Launches Consumer Data Right Accreditation Platform

By Editors | 26/05/2020

The platform serves as a trusted environment where approved participants can share encrypted data, and provides a portal through which banks and fintechs can apply to be accredited.

AML / KYC

BSP Prepares Guidelines to Regulate Virtual Asset Service Providers

By Editors | 21/05/2020

The BSP may require higher capital requirements for VASPs based on their scope, scale of operations and complexity of operations.

Fintech / Regtech

HK Banks See Fintech More As Opportunity Than Threat – Study

By Editors | 20/05/2020

Over the next ten years, banks expect to continue to play a key role in fintech innovation and adoption, and are confident they will not be displaced by new competitors.

Crypto / Digital Assets

MAS Sets Out Regulatory Approach for Payment Token Derivatives

By Editors | 18/05/2020

MAS will regulate payment token derivatives offered by approved exchanges – i.e. SGX Derivatives, APEX, Ice Futures – but will not regulate such products offered by other entities.

Fintech / Regtech

Temasek Joins Libra Association as First Asia Pacific Backer

By Editors | 17/05/2020

Temasek’s participation in the Libra Association will allow it to contribute toward a regulated global network for cost effective retail payments.

Fintech / Regtech

FSC Korea to Assess Demand for New MyData Licences

By Editors | 14/05/2020

Financial firms and fintechs approved by the FSC will be able to make financial product recommendations and offer financial advisory services on the new MyData platform.