FINTECH / REGTECH

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    Fintech / Regtech

    UK Proposes to Lower Limit for APP Fraud Reimbursements

    By Nithya Subramanian | 06/09/2024

    The PSR has proposed to revise its December 2023 plan to reduce the reimbursement limit from GBP 415,000 to GBP 85,000.

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    AML / KYC

    AUSTRAC Issues New Guidance on Outsourcing AML Functions

    By Editors | 06/09/2024

    Among other things, the guidance covers due diligence of service providers, outsourcing agreements, management and oversight, and performance monitoring.

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    Fintech / Regtech

    Australian Government Begins Implementing New AI Policy

    By Editors | 06/09/2024

    DTA said it will publish a training module by early October, refresh its GenAI guidance, pilot an AI assurance framework, and develop technical standards.

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    Securities / Derivatives

    FINRA Fines BofA & Merrill Lynch $3m for Surveillance Failures

    By Nithya Subramanian | 04/09/2024

    FINRA said the parameters of the surveillance systems were set too narrowly, leading to failures to detect potentially manipulative trading.

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    Fintech / Regtech

    RBI Sets Out Five-point Agenda for Future Financial Landscape

    By Ajoy K Das | 04/09/2024

    RBI governor Shaktikanta Das outlined five strategic priorities, including sustainable finance, cybersecurity, and financial infrastructure.

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    Fintech / Regtech

    New Zealand Consults on CDR for Banking, Electricity Sectors

    By Sanday Chongo Kabange | 04/09/2024

    The proposal would require ANZ, BNZ, ASB and Westpac to implement open banking from 1 Dec 2025 and Kiwibank from 1 Dec 2026.

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    Fintech / Regtech

    Cambodia, Korea Launch Cross-border Payments Link

    By Nithya Subramanian | 02/09/2024

    Users of Korea’s Jeonbuk Bank can make payments at more than 3.3 million stores in Cambodia by scanning KHQR codes.

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    Fintech / Regtech

    BSP to Closely Scrutinise New Digital Banking Applicants

    By Ranamita Chakraborty | 02/09/2024

    Fitch Ratings says close scrutiny of the new applicants is likely given that the majority of the existing digital banks are still loss-making.

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    Fintech / Regtech

    KOFIA Introduces New Warning System for K-OTC Market

    By Editors | 02/09/2024

    The new system will warn investors when K-OTC stocks are exhibiting signs of market manipulation or abnormal price surges.

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    Fintech / Regtech

    JPX Launches New Data Portal to Facilitate Investor Decision-making

    By Editors | 01/09/2024

    The new “JPxData Portal” aims to make data on Japanese financial markets more accessible to both foreign and domestic investors.

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