Fintech / Regtech

Big Picture

Talking Disintermediation by DLT with DTCC’s Rob Palatnick

By Manesh Samtani | 04/04/2019

Regulation Asia sat down with DTCC’s Rob Palatnick to discuss his views on how far DLT will go in disintermediating the financial industry.

Fintech / Regtech

APRA to Implement New Data Reporting System in March 2020

By Editors | 03/04/2019

APRA says in its initial implementation plan that entities must start ensuring their readiness for the new system now, as there is only a one year timeline for implementation.

AML / KYC

Artificial Intelligence – the Ultimate Weapon to Fight Financial Crime

By Karl Seagrave | 03/04/2019

Getting buy-in from senior management is one of the biggest hurdles to adopting AI in the fight against financial crime, says Fenergo’s Karl Seagrave.

Fintech / Regtech

S. Korea Launches Regulatory Sandbox, 105 Applications Received

By Editors | 01/04/2019

South Korea’s Special Act on Financial Innovation Support has taken effect 1 April, marking the formal launch of the country’s first financial regulatory sandbox.

AML / KYC

UN Security Council Resolution Targets Terrorism Financing

By Editors | 01/04/2019

The UN Security Council has adopted a resolution calling on member states to beef up efforts to identify, prosecute and penalise those directly or indirectly financing terrorism.

AML / KYC

Philippines to Launch Digital Banking ID Registry This Year

By Editors | 31/03/2019

The blockchain powered ID registry will enable electronic KYC and make it easier for clients to access banking services.

Fintech / Regtech

Malaysia Seeks Licensing Regime for Virtual Banks by Year-End

By Editors | 29/03/2019

Though discussions are still in the preliminary stages, Malaysia’s central bank is looking to publish its requirements for virtual bank licences by the end of the year.

Fintech / Regtech

S. Korea FSC Receives Three Applications for Internet-Only Banks

By Editors | 29/03/2019

The FSC will review the applications with an aim to approving a preliminary licence for one or two new internet-only banks in May.

Fintech / Regtech

Banks Not Using Latest RegTech Solutions Must Explain Why – ASIC

By Editors | 29/03/2019

ASIC reportedly plans to force banks to explain why they aren’t using the latest technology to improve regulatory compliance, including systems offered by regtech startups.