Fintech / Regtech

Fintech / Regtech

G20 Finance Leaders Agree to Regulate Stablecoins

By Editors | 21/10/2019

Amid warnings from the FSB and FATF, the G20 finance leaders have agreed that no stablecoin project should commence operation until their risks are evaluated and appropriately addressed.

AML / KYC

Technology Offers New Means to Fight Financial Crime: MAS

By Manesh Samtani | 17/10/2019

At the ICA’s 2nd Annual APAC Conference this week, MAS assistant managing director Loo Siew Yee talked about the new techniques being used to improve AML/CFT detection and risk mitigation.

Fintech / Regtech

Beyond Data Governance: Developing a Data Culture in Asia’s FIs

By Garima Chitkara | 17/10/2019

To create a truly competitive advantage and achieve their commercial goals, Asia’s financial institutions need to integrate strong data culture into their data governance approaches.

Fintech / Regtech

Korea to Pilot Open Banking Platform From 30 Oct

By Editors | 16/10/2019

Banks and fintechs will pilot test the ability of customers to manage multiple bank accounts and withdraw and transfer money from within a single app.

Fintech / Regtech

FSC Korea Receives Applications for Internet-only Bank Licences

By Editors | 16/10/2019

The FSC said it plans to make a decision on initial approvals in December, after three consortia submitted bids in the second round of applications for internet-only bank licences.

Fintech / Regtech

Maybank to Enable Real-time Payments for Cambodia, Malaysia

By Editors | 12/10/2019

Cambodia’s central bank and Malaysia’s Maybank will work together to enable real-time cross-border transfers, payments and remittances between the two countries.

Fintech / Regtech

Navigating Regulation for Singapore’s Banking 4.0

By Wissam Khoury | 11/10/2019

Singapore banking sector players are tasked with finding a balance between open innovation and regulatory compliance, says Finastra’s Wissam Khoury.

Fintech / Regtech

Innovation Hubs Are More Effective Than Sandboxes

By Manesh Samtani | 10/10/2019

Innovation hubs provide all the benefits associated with regulatory sandboxes, while avoiding most of the downsides, says a new paper from UNSW Law.

Fintech / Regtech

From Data Governance to Data Culture: BCBS 239 and Beyond

By Garima Chitkara | 10/10/2019

Asian firms need to look beyond regulatory compliance with respect to data to ensure the most effective use of their data resources.