Fintech / Regtech

AML / KYC

HKMA Outlines Regtech Initiatives – Speech

By Manesh Samtani | 28/09/2018

The HKMA is looking to build a more diversified regtech ecosystem in Hong Kong and urges for greater collaboration between the banking industry and technology community.

Fintech / Regtech

Thailand’s Kasikornbank Joins Visa in Blockchain Payments Pilot

By Editors | 27/09/2018

Visa B2B Connect uses blockchain tech to enable faster, simpler and more secure processing of payments between participating banks on behalf of corporate clients.

Fintech / Regtech

Australia Consults on Regulatory Framework for Stored Value Facilities

By Garima Chitkara | 26/09/2018

Regulators considering a tiered approach, whereby facilities providers with larger amounts of stored value would be subjected to higher regulatory requirements.

Fintech / Regtech

APRA Updates Guidance on Cloud Computing Use by Regulated Entities

By Manesh Samtani | 25/09/2018

Information paper acknowledges improvements in the ability of regulated entities to manage cloud computing risks, while also detailing observed weaknesses and areas of concern.

Fintech / Regtech

S. Korea Eyes Two More Internet-Only Banks in 2019

By Manesh Samtani | 24/09/2018

The FSC said it plans to approve two more Internet-only banks next year, a day after a bill passes allowing non-financial firms to boost their ownership stakes in such banks.

Crypto / Digital Assets

Japan FSA Probes $60mn Hack at Crypto Exchange

By Manesh Samtani | 24/09/2018

About two-thirds of the stolen cryptocurrency belonged to customers of the exchange platform Zaif, which will receive a cash infusion from Fisco Digital Asset Group to help repay them.

Fintech / Regtech

South Korea Designates Fintechs as Agents for Financial Institutions

By Manesh Samtani | 21/09/2018

Nine designated fintech firms will be allowed to provide services to customers for up to two years, testing their services as agents of partnering financial institutions.

Fintech / Regtech

Singapore, China Achieve ‘New Milestones in Financial Cooperation’

By Editors | 21/09/2018

Collaboration to focus on strengthening supervision, enhancing connectivity, cooperating on fintech and supporting the Belt and Road initiative.

Fintech / Regtech

MAS, CFTC Sign Fintech Cooperation Arrangement

By Editors | 17/09/2018

Cooperation arrangement focuses on information sharing and facilitating referrals of fintech firms between Singapore and the US.