Fintech / Regtech

Enforcement

HKMA Fines Four FIs HKD 17.8M for AML and CDD Failures

By Sanday Chongo Kabange | 23/07/2025

The HKMA has penalised three banks and a stored value facility licensee for AML/CFT control deficiencies.

Fintech / Regtech

Indian Banks Urged to Accelerate ISO 20022 Migration Efforts to Avoid Disruption

By Mark Johnston | 23/07/2025

The IBA has warned bank CEOs of serious operational risks if migration to the SWIFT ISO 20022 messaging standard is further delayed.

Fintech / Regtech

Vietnam Officially Recognises E-Wallets as Standalone Payment Method

By Nithya Subramanian | 23/07/2025

Effective 1 July, e-wallets have been officially recognised as a valid form of payment, on par with bank accounts, cards, and cash.

Crypto / Digital Assets

OJK to Impose 'Fit and Proper' Tests on Fintech and Crypto Leaders

By Editors | 23/07/2025

The new regulation, effective from 1 October 2025, aims to strengthen governance and integrity for key personnel at digital asset firms.

Securities / Derivatives

SEBI Launches Centralised Compliance Portal for Stockbrokers

By Nithya Subramanian | 23/07/2025

The centralised compliance platform will allow stock brokers to submit reports to a single exchange, reducing duplication and streamlining regulatory processes.

Fintech / Regtech

RBI Proposes Digital Banking Rule Changes, Ban on Third-Party Cross-Selling

By Manesh Samtani | 22/07/2025

RBI's draft rules mandate prior approval for transactional services, explicit customer consent, and prohibit most third-party product promotions.

Fintech / Regtech

Malaysia Advances Law to Regulate BNPL, Non-Bank Lenders

By Manesh Samtani | 22/07/2025

The new law will establish a single oversight body to license and supervise previously unregulated credit providers amid a surge in "BNPL" transactions.

Market Infrastructure

Microsoft Battles Global Attacks Affecting SharePoint Vulnerability

By Manesh Samtani | 22/07/2025

The vulnerability has compromised government agencies and businesses worldwide and prompting urgent warnings from cybersecurity authorities.

Fintech / Regtech

Proposed Bill Seeks to Force New Zealand Businesses to Accept Cash

By Sanday Chongo Kabange | 22/07/2025

A new members' bill proposes to force most businesses to accept cash for transactions up to NZD 500, prompting debate from industry groups.