Fintech / Regtech

Fintech / Regtech

Taiwan FSC Clarifies Rules on Virtual Bank Boards

By Editors | 13/09/2019

Banks cannot have executives or board members serving concurrently as directors or supervisors at the virtual banks in which they are invested.

AML / KYC

Financial Institutions Must Adapt and Innovate or Be Left Behind

By Greg Watson | 13/09/2019

Outdated systems are preventing one in four Asia Pacific banks from investing in disruptive technologies, says Greg Watson, citing a recent Fenergo survey.

Fintech / Regtech

Malaysia Association Joins APAC RegTech Network

By Editors | 10/09/2019

The APAC RegTech Network was established by the regtech committees of the fintech associations of Hong Kong, Japan and Singapore in May.

Fintech / Regtech

Half of IT Budgets to Go to Cloud Services in 2020: Refinitiv

By Editors | 10/09/2019

Financial firms say public cloud projects are delivering better-than-expected cost reductions and enabling innovation, but data privacy and regulatory concerns are slowing adoption.

Fintech / Regtech

Singapore Streamlines Payment Firms’ Access to Legal Services

By Editors | 09/09/2019

The initiative will help connect the payments industry with specialist law firms through a streamlined process to help them comply with the new Payment Services Act.

Fintech / Regtech

Korea Eases Fintech Investment Rules for Financial Firms

By Editors | 05/09/2019

Under new guidelines, rules limiting how much financial firms can invest in non-financial sector tech firms will be lifted, and investment will be allowed in a wider range of fintech firms.

Fintech / Regtech

India Government Panel Pushes for Fintech, Regtech Adoption

By Editors | 04/09/2019

The panel has also proposed the development of a marketplace model for P2P lending, and the introduction of virtual banking in India.

Market Infrastructure

ACCC Calls for Lower Fees, More Competition in FX Services

By Editors | 03/09/2019

An ACCC inquiry found that consumers continue to rely on the big four banks for FX services despite the availability of much cheaper alternatives.

Capital / Liquidity

HKMA Allows Lenders to Expand Use of Tech in Retail Lending

By Editors | 30/08/2019

The HKMA is allowing lenders to further develop business involving the use of innovative financial technology to assess and approve personal loan applications.