FINTECH / REGTECH

Sanctions

Russia, Iran Integrate National Payment Systems

By Editors | 08/07/2024

Work to link Russia’s MIR network and Iran’s Shetab has been finalised. Agreement also signed on use of national currencies.

Fintech / Regtech

Japan Issues Update on Granular Data Reporting Initiative

By Manesh Samtani | 08/07/2024

The FSA and BOJ started collecting granular data in a phased manner in fiscal 2023. Full-scale data collections will start in March 2025.

Crypto / Digital Assets

Schroders Launches Pilot Project to Tokenisation ILS Assets

By Editors | 06/07/2024

The project aims to enhance transparency, streamline investment processes and improve client experience in the reinsurance sector.

AML / KYC

GLEIF Forms New Advisory Board to Promote vLEI Adoption

By Editors | 05/07/2024

The vLEI Technical Advisory Board will provide technical, governance, and developmental support to the vLEI stakeholder ecosystem as it grows.

Market Infrastructure

BSP Ramps Up Financial Inclusion Efforts

By Sanday Chongo Kabange | 05/07/2024

The BSP will explore open finance use cases to enhance financial inclusion efforts and get more citizens into the formal financial system.

Fintech / Regtech

Korea to Provide Policy Finance Support for AI Development

By Editors | 04/07/2024

Korea Development Bank will provide KRW 3 trillion in low-interest rate loans to AI-related sectors and create a new “AI Korea Fund” worth KRW 500 billion.

Crypto / Digital Assets

Canton Network Launches Decentralised Interoperability Infrastructure

By Editors | 02/07/2024

The “Global Synchronizer” enhances interoperability on the Canton Network, which is designed to enable tokenisation and frictionless exchange of regulated financial assets and liabilities.

Fintech / Regtech

RBI Calls on Banks to Increase Vigilance Against Cyber Attacks

By Ajoy K Das | 02/07/2024

Banks have been directed to monitor network activities and server logs as well as keep close watch on critical payments systems.

ESG / Sustainability

Hong Kong Launches Green FinTech Support Scheme

By Manesh Samtani | 02/07/2024

The scheme aims to provide early-stage funding for green fintechs and ultimately improve sustainability reporting in Hong Kong.