Fintech / Regtech

Fintech / Regtech

GDPR – Frankenstein’s Monster of Regulation

By Peter Lancos | 22/05/2018

Given the 25 May go-live date, financial institutions in Asia need to immediately consider their obligations under GDPR, which will apply to any firm with clients or employees who are EU citizens.

Big Picture

Talking Crypto Regulation with Ripple’s Sagar Sarbhai

By Manesh Samtani | 22/05/2018

Regulation Asia sat down with Sagar Sarbhai, Head of Government and Regulatory Relations for APAC and the Middle East at Ripple, to discuss the company’s business proposition and the regulatory challenges it faces across the region.

Fintech / Regtech

MAS Eyes Greater Financial Sector Resilience to Cyber Threats

By Manesh Samtani | 21/05/2018

Consultation to be issued “soon” on raising cyber resilience at financial institutions in Singapore; rules to include internal controls, independent reviews, authentication practices.

Fintech / Regtech

Indonesia to Tighten Rules on Fintech Lenders

By Karen Chiu | 19/05/2018

Fintech lenders will be compelled to be registered with OJK; unregistered firms will be unable to tap financial markets or raise funds from banks.

Crypto / Digital Assets

Thailand ‘Digital Asset’ Decree Takes Effect

By JP Reimann | 17/05/2018

Cryptocurrencies now defined as digital assets, granting the SEC powers to regulate; exchanges have 90 days to register with SEC.

Crypto / Digital Assets

South Korea to Ease Cryptocurrency Policy

By JP Reimann | 17/05/2018

South Korea to soften cryptocurrency policy, apply FATF standards; central bank to release recommendations by end of June.

Fintech / Regtech

Taiwan’s Fubon Bank Launches Blockchain Payment System

By JP Reimann | 16/05/2018

Fubon becomes first Taiwanese bank to launch blockchain-based retail payment system, cutting transaction times to less than one second.

Fintech / Regtech

IOSCO Meets to Discuss Investor Protection, Emerging Risks

By JP Reimann | 15/05/2018

Board to develop support framework to help members address impact of ICOs on investor protection; agree to launch ‘Fintech Network’ to facilitate collaboration on fintech.

Fintech / Regtech

Open Banking: Aussie Banks to Share Customer Data Starting in 2019

By Garima Chitkara | 14/05/2018

The Australian government is set to mandate Open Banking, requiring banks to provide data to other service providers to help customers compare banking service costs.