Fintech / Regtech

Fintech / Regtech

RBI Amends Penalties Framework for Payments System Operators

By Editors | 14/01/2020

The new penalty for violations will be capped at 500,000 rupees, or double the amount of contravention, whichever is higher.

Fintech / Regtech

Singapore Fintech Awarded Philippine Licence to Operate Digital Bank

By Editors | 14/01/2020

TONIK Digital Bank will be the first “pure-play” digital bank in Southeast Asia, focusing on retail deposits and consumer loans.

Fintech / Regtech

Legal Certainty Needed to Advance DLT Adoption in Derivatives

By Editors | 14/01/2020

ISDA, Clifford Chance, R3 and the Singapore Academy of Law have published a new whitepaper analysing the legal issues relating to the use of smart derivatives contracts on a distributed ledger.

Fintech / Regtech

S. Korea Passes Bills Enabling Commercialisation of Data

By Editors | 13/01/2020

The bills allow the commercial use of unidentified individuals without seeking their consent. A new data exchange will be launched in March.

Fintech / Regtech

UK Digital Regulatory Reporting Pilot Completes Phase Two

By Manesh Samtani | 10/01/2020

Phase two of the DRR pilot highlighted the importance of agreed data standards. An appropriate solution for producing machine-executable regulation has not yet been identified.

AML / KYC

RBI Allows Regulated Entities to Use Video-based KYC

By Editors | 10/01/2020

Financial services firms can record video and capture photos of customers presenting their identity document for verification. Electronically-submitted and digitally-signed documents can also be accepted.

AML / KYC

Technology to Drive Regulatory Agenda in 2020: Thomson Reuters

By Manesh Samtani | 09/01/2020

Technology has displaced the 2008 financial crisis as the main issue driving the international regulatory agenda, says a new report from Thomson Reuters.

Fintech / Regtech

China to Enhance Regulatory System for Fintech Development

By Editors | 09/01/2020

The PBOC is looking to enhance its digital supervision capabilities and improve risk governance in fintech development across the financial sector.

Fintech / Regtech

UK Financial Regulators Announce Data Reform Proposals

By Editors | 09/01/2020

The FCA has set out a plan to become a ‘highly data-driven regulator’. The BOE has published a discussion paper on transforming data collection.