FINTECH / REGTECH

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    Market Infrastructure

    FSB Proposes Common Format for Reporting Operational Incidents

    By Editors | 18/10/2024

    The FSB has published for consultation a common format which can be used by financial firms to report operational incidents.

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    Fintech / Regtech

    UnionPay to Enable Cross-Border QR Payments for Vietnam

    By Mark Johnston | 18/10/2024

    Users of Vietnamese banking apps and e-wallets will be able to scan UnionPay QR codes for payments in the mainland.

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    Fintech / Regtech

    HKMA Publishes Research on GenAI in the Financial Sector

    By Editors | 30/09/2024

    HKMA survey of industry practitioners found that most FIs are currently focusing on internal applications of GenAI to drive employee productivity.

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    Crypto / Digital Assets

    Hong Kong Working “Full Steam Ahead” on Stablecoin Legislation

    By Sanday Chongo Kabange | 30/09/2024

    The FSTB and the HKMA will “strive” to introduce draft legislation for Hong Kong’s stablecoin regulatory regime by end 2024.

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    Fintech / Regtech

    HKMA Issues New Guidance Responding to Crowdstrike Outage

    By Sanday Chongo Kabange | 30/09/2024

    The HKMA offers guidance to authorised institutions on enhancing their operational resilience against the failure of third-party IT solutions.

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    Crypto / Digital Assets

    Hong Kong Exchange Lists First Digitally Native Notes

    By Editors | 29/09/2024

    The one-year HKD denominated digitally native notes were issued by HSBC, leveraging the HSBC Orion platform.

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    Fintech / Regtech

    UN Advisory Body Issues Recommendations to Address AI Inequalities

    By Thisanka Siripala | 28/09/2024

    Among other things, the AI advisory body calls for the establishment of a capacity development network for developing nations.

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    Fintech / Regtech

    China Issues Guidelines for Identifying Personal Information

    By Editors | 28/09/2024

    The guidelines were developed with support from organisations including Ant Group, China CITIC Bank, China UnionPay, and Huawei Technologies.

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    Fintech / Regtech

    India to Develop Payments System for Trinidad and Tobago

    By Nithya Subramanian | 28/09/2024

    The partnership aims to help Trinidad and Tobago develop a UPI-based real-time payments platform for P2P and P2M transactions.

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    Fintech / Regtech

    G7 Experts Warn of Quantum Computing Risks to Financial Sector

    By Nithya Subramanian | 27/09/2024

    The G7 Cyber Expert Group is calling on FIs to prepare for vulnerabilities that could arise from quantum computing.

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