FINTECH / REGTECH

AML / KYC

BSP Revises IT Risk Management Rules to Align with New Anti-Scams Law

By Sanday Chongo Kabange | 23/01/2025

The BSP said BSFIs must comply with the new regulations by 30 June 2025 and that a shared accountability framework will be adopted.

Fintech / Regtech

ASEAN Releases Expanded Guide to Address Generative AI Risks

By Thisanka Siripala | 23/01/2025

The guide provides recommendations around shared AI accountability, data management, incident reporting, and regional collaboration on AI safety.

Fintech / Regtech

RBI Directs FIs to Implement Safeguards Against Fraud

By Nithya Subramanian | 22/01/2025

The RBI asked banks and other financial institutions to strengthen safeguards against fraud involving mobile numbers

Fintech / Regtech

China Releases Reports on US Cyberattacks on Two Major Entities

By Thisanka Siripala | 21/01/2025

The targeted entities included an advanced materials research institute, and a large technology firm in the smart energy and digital information industry.

Fintech / Regtech

Korea FSS Issues Guidance on Financial Reporting in XBRL Format

By Editors | 21/01/2025

The FSS is progressively expanding the use of XBRL for financial reporting but has identified some deficiencies in XBRL submissions

Crypto / Digital Assets

UK FCA Commits to Relaxing Rules to Drive Economic Growth

By Thisanka Siripala | 21/01/2025

FCA Chief Executive Nikhil Rathi said the regulator will make growth will be a fundamental pillar of its strategy through to 2030

Crypto / Digital Assets

Vietnam to Introduce Regulatory Sandbox for Crypto, Fintech

By Nithya Subramanian | 21/01/2025

The sandbox will allow testing of business models in areas such as cryptocurrency trading and digital asset management

Fintech / Regtech

ASIC Calls on BNPL Providers to Act Early to Secure Licence

By Sanday Chongo Kabange | 21/01/2025

A law passed in December requires BNPL providers to have a licence by 10 June 2025, subject to transitional arrangements

Fintech / Regtech

NPCI Signs Partnership to Enable UPI Payments in UAE

By Editors | 18/01/2025

NPCI’s international arm signed an agreement with payment solutions provider Magnati to enable QR-based UPI merchant payments through POS terminals across the UAE.