Fintech / Regtech

    Fintech / Regtech

    S. Korea’s FSC Vows to Support Growth of Fintech Sector

    By Mark Pufpaff | 26/07/2018

    Discussions are underway concerning a revision of South Korea’s Banking Act to nurture growth within the fintech industry, including a proposal to allow non-financial firms to hold up to 50% stakes in banks, including internet-only banks.

    Fintech / Regtech

    Shariah Fintech – A Case Study of Indonesia

    By Sharifah Nursyafiqah | 25/07/2018

    Better support and regulation for Shariah-compliant fintech will serve to boost the Islamic finance industry, increasing the share of Islamic banks in Indonesia’s financial services sector and ultimately making it more competitive.

    Fintech / Regtech

    Technology and Regulation: Rapidly Reforming the Funds Industry

    By Leo Chen | 25/07/2018

    The Asian funds industry is undergoing a period of fundamental change and challenge. This is a result of shifting investor demographics, rapid technological development, the emergence of technology firms and tightening regulation.

    Fintech / Regtech

    ASIFMA Publishes Report on Outsourcing Regulation

    By Editors | 24/07/2018

    The report includes nine proposed leading principles for regulation of outsourcing to help securities, futures and banking intermediaries navigate different regulatory landscapes in Asia-Pacific.

    Crypto / Digital Assets

    S. Korea FSC Reorganises to Meet ‘Fourth Industrial Revolution’

    By Editors | 24/07/2018

    New body charged with industry-wide consumer protection issues; Financial Innovation Bureau formed to respond to new challenges including cryptocurrency.

    Fintech / Regtech

    Big Four to Pilot Blockchain-based Auditing in Taiwan

    By Emma Zhou | 24/07/2018

    Deloitte, EY, KPMG and PwC will cooperate with a consortium of 20 banks to simplify the auditing process for public companies.

    Fintech / Regtech

    China’s P2P Lending Sector Suffers Panic – Report

    By Manesh Samtani | 22/07/2018

    Over 100 peer-to-peer lenders have failed so far this month, with some users turning up at operators’ offices to demand early repayment.

    Crypto / Digital Assets

    Japan FSA Reorganises to Meet Fintech Challenge

    By Editors | 19/07/2018

    Newly created Strategy Development and Management Bureau responsible for financial policy, fintech, cryptocurrencies, money laundering, as well as administraitive duties and inspections at financial institutions.

    Crypto / Digital Assets

    Crypto Assets Come Under International Regulatory Scrutiny

    By Garima Chitkara | 19/07/2018

    The FSB submitted a report to the G20 detailing a framework to monitor potential contagion risks and wealth effects arising from crypto-assets.

    Fintech / Regtech

    Singapore, Korea Agree to Cooperate on Fintech

    By Garima Chitkara | 19/07/2018

    MAS and Korea’s FSC have signed an agreement to provide regulatory support to fintech firms from either country looking to expand in the other.

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