FINTECH / REGTECH

Fintech / Regtech

China NFRA Proposes Tighter Rules for Microfinance Industry

By Editors | 31/08/2024

A ¥200,000 single-customer limit is set for online loans taken by individuals, and a ¥10mn per household limit for loans by small and micro enterprises and their owners.

Crypto / Digital Assets

BCBS Paper Warns of Risks in Permissionless DLT Systems

By Manesh Samtani | 30/08/2024

New working paper describes the risks associated with permissionless DLT, highlighting the need for banks to adopt robust risk management strategies.

Fintech / Regtech

ASIC Launches Pilot Digital Portal for AFS Licensing

By Editors | 30/08/2024

The pilot involves a limited number of new AFSL applications before the new digital portal is fully adopted in Q1 2025.

Fintech / Regtech

RBI Grants Recognition to First SRO for Fintech Sector

By Ajoy K Das | 30/08/2024

The RBI granted recognition to the ‘Fintech Association for Consumer Empowerment’, known as FACE.

Crypto / Digital Assets

HSBC Completes 3 PoC Use Cases in Project Ensemble Sandbox

By Sanday Chongo Kabange | 30/08/2024

The three PoC use cases involve digital bonds, interbank transfers of tokenised deposits, and eBL settlement via tokenised deposits.

Crypto / Digital Assets

HKMA Launches New Sandbox for Tokenised Asset Transactions

By Sanday Chongo Kabange | 29/08/2024

The Project Ensemble Sandbox will facilitate interbank settlement using tokenised money for transactions involving tokenised assets.

ESG / Sustainability

Singapore to Issue Standards for AI-Based Valuation Models

By Nithya Subramanian | 29/08/2024

IVAS also working on new guidelines and a new online professional development course focusing on valuing intangible assets.

Capital / Liquidity

APRA Sets Priorities for Ensuring Financial System Resilience

By Sanday Chongo Kabange | 28/08/2024

APRA’s new corporate plan aims to ensure the financial and operational resilience of regulated entities, while also responding to new risks.

Fintech / Regtech

RBI Developing New Unified Platform to Facilitate Lending

By Ajoy K Das | 28/08/2024

The so-called “Unified Lending Interface” will provide lenders digital access to customer data from land records and other sources.