Fintech / Regtech

Fintech / Regtech

India Launches Integrated Platform for GIFT City Regulatory Approvals

By Ajoy K Das | 19/09/2024

The digital platform allows firms to submit applications, obtain approvals, and fulfil related requirements without having to navigate multiple regulators.

Fintech / Regtech

Singapore Banks to Roll Out Singpass Face Verification for Scam Protection

By Nithya Subramanian | 19/09/2024

MAS said that the feature will be rolled out over the next three months to strengthen digital token security and safeguard customers from scams.

Fintech / Regtech

Global Data Sharing Standards Needed to Combat Financial Crime

By Thisanka Siripala | 18/09/2024

The GCFFC has published a paper calling for the development of legal pathways for cross-border data sharing for the purpose of combatting financial crime.

Fintech / Regtech

China Takes Aim at Poor Quality Mobile Banking Apps

By Manesh Samtani | 18/09/2024

Regulators have directed FIs to improve their management of mobile app development, enhance the user experience and better protect against IT risks.

Fintech / Regtech

More Than 40 Private Sector Firms Join BIS Project Agora

By Manesh Samtani | 17/09/2024

Seven central banks will work with more than 40 financial firms to explore how tokenisation can enhance wholesale cross-border payments.

AML / KYC

China Consults on Revisions to Anti–Money Laundering Law

By Manesh Samtani | 17/09/2024

The revisions now include stronger protections for personal data and requirements for FIs to assess and manage risks arising from new technologies.

Fintech / Regtech

New Zealand FMA Joins Global Financial Innovation Network

By Editors | 17/09/2024

The FMA said GFIN will provide it greater opportunities to collaborate with other regulators and work on topics such as AI and tokenisation.

Fintech / Regtech

FINRA Warns of Rising Cyber Risks from Outsourced Services

By Nithya Subramanian | 16/09/2024

FINRA warns of threats from data breaches, zero-day vulnerabilities, weather-related outages, and social engineering campaigns.

Fintech / Regtech

Singapore Launches e-Apostille Service for Document Authentication

By Nithya Subramanian | 13/09/2024

From 2025,  documents issued by ACRA can be authenticated online, reducing the processing time and the need for physical submissions.