Fintech / Regtech

AML / KYC

China’s NIFA Launches AML/CTF Monitoring Platform for Online FIs

By Editors | 16/01/2019

Online financial institutions including those engaged in online lending, equity crowdfunding, fund sales and consumer finance are required to register on the platform by 31 January.

Fintech / Regtech

HSBC to Enable Blockchain-based FX Settlement Platform for Clients

By Editors | 15/01/2019

In the last year, HSBC has processed more than 3 million internal FX transactions worth over $250bn using the blockchain-based FX settlement platform.

Fintech / Regtech

China’s Rules for Blockchain to Take Effect in February

By Manesh Samtani | 15/01/2019

Companies will be required to verify user data based on national IDs and phone numbers, effectively removing the anonymity of blockchainin the country.

Crypto / Digital Assets

Two Thirds of Korean Crypto Exchanges Vulnerable to Hacking

By Manesh Samtani | 14/01/2019

Only 7 of 21 crypto exchanges in South Korea passed the government’s security audit; the rest are “vulnerable to hacking attacks at all times.”

Fintech / Regtech

Singapore Banking Union Opens to Broader Financial Industry

By Editors | 14/01/2019

The newly renamed Banking and Financial Services Union aims to help professionals stay relevant and competitive amid technological advancement and industry changes.

Market Infrastructure

BIS Issues Report on Central Bank Digital Currencies

By Editors | 10/01/2019

Only one of 63 central bank respondents has said it is very likely to issue a central bank digital currency in the next six years.

Fintech / Regtech

Japan FSA to Crack Down on Unlicensed Crypto Investment Firms

By Editors | 10/01/2019

Currently, investment firms collecting funds from investors in cryptocurrency do not explicitly fall under Japan’s Financial Instruments and Exchange Act.

Fintech / Regtech

Regulatory Reporting Pressure in APAC: A 2019 View

By Wouter Delbaere | 09/01/2019

In the year ahead, banks will have to focus on seamless data integration and regtech adoption to cope with increasingly complex regulatory reporting requirements, says Wolters Kluwer’s Wouter Delbaere.

Crypto / Digital Assets

UPDATED – Japan FSA Considers Approving Crypto ETFs

By Editors | 08/01/2019

The FSA is gauging industry interest in crypto ETFs, following its release of a new draft framework for the sector that could become law in 2020.