FINTECH / REGTECH

Press Release

Babel Street Match Platform Recognised as ‘One to Watch’ at 2024 Regulation Asia Awards

By Editors | 04/11/2024

The Babel Street Match platform earned a One to Watch recognition in the Best PEPs & Sanctions Screening Solution category at the 7th Regulation Asia Awards for Excellence 2024

Sanctions

BIS Announces Decision to Exit mBridge CBDC Project

By Editors | 03/11/2024

Agustín Carstens said BIS is not leaving mBridge because of political considerations but instead because it is “at a level where the partners can carry it on by themselves.”

Fintech / Regtech

BOE Flags Potential Risks of GenAI for Financial Sector

By Thisanka Siripala | 01/11/2024

BOE’s Sarah Breeden suggested that stress tests be conducted to determine whether AI models could amplify market shocks.

Fintech / Regtech

China Launches New Credit Information Sharing Platform

By Manesh Samtani | 31/10/2024

The platform supplies information about SMEs to lenders to support pre-loan review, loan evaluation and post-loan management processes.

AML / KYC

Addressing Non-Latin Script Challenges in Name Screening and AML

By Bradley Maclean | 31/10/2024

As global financial crime becomes more complex, companies like Aereve are pioneering technologies to reduce false positives, enhance compliance, and mitigate risks.

Crypto / Digital Assets

Hong Kong’s ZA Bank Starts Trials for New Crypto Trading Service

By Sanday Chongo Kabange | 30/10/2024

ZA Bank CEO Ronald Iu said the trial demonstrates the digital bank’s commitment to supporting the wider development of virtual assets in Hong Kong.

Fintech / Regtech

MAS Establishes New Entity to Drive Next Phase of FinTech Growth

By Editors | 30/10/2024

MAS said the “Global Finance & Technology Network” will drive greater synergies within the global finance and technology communities for innovations in financial services.

Fintech / Regtech

ASIC Says Governance Arrangements are Lagging AI Adoption

By Sanday Chongo Kabange | 30/10/2024

ASIC Chair Joe Longo said must consider their existing obligations and duties and avoid simply waiting for AI laws and regulations to be introduced.

Market Infrastructure

SFC, Exchanges See Blockchain as New Capital Market Backbone

By Georgina Lee | 30/10/2024

Hong Kong now looking at commercialising tokenised instruments to help address the pain points of the traditional financial market, said the SFC’s Elizabeth Wong.