Fintech / Regtech

Crypto / Digital Assets

Central Banks Explore Multiple CBDC Uses as e-CNY Faces Roadblocks

By Georgina Lee | 29/10/2024

While China largely focuses on retail payments for its CBDC, other central banks are exploring use cases involving tokenised real estate investments and DeFi transactions.

Fintech / Regtech

HKMA, PBOC to Pilot Cross-Boundary Payments Link in Mid-2025

By Sanday Chongo Kabange | 29/10/2024

The HKMA says a pilot launch for a cross-boundary payment linkage between Hong Kong’s FPS and China’s IBPS will tentatively launch in mid-2025.

Fintech / Regtech

Hong Kong Sets Policy Approach to AI Development

By Manesh Samtani | 28/10/2024

The Hong Kong government will promote the development of AI in the financial sector, subject to proper governance and risk mitigation being in place.

Crypto / Digital Assets

HKEX to Launch Virtual Asset Index Series on 15 November

By Editors | 28/10/2024

HKEX said the index series will provide pricing benchmarks for Bitcoin and Ether in the Asian time zone which can be used for the settlement of financial products.

ESG / Sustainability

IAIS Published Strategic Plan for 2025-2029

By Mark Johnston | 27/10/2024

The strategic plan focuses on climate change, digital innovation, cyber risks, and building societal resilience.

Fintech / Regtech

HKMA Finalises Revisions to E-Banking Risk Management Guideline

By Manesh Samtani | 27/10/2024

The revisions incorporate requirements set out in various supervisory documents issued last year to address fraud risk.

Sanctions

BRICS Nations Agree to Continue Working on Cross-Border Payments

By Manesh Samtani | 27/10/2024

Russia has proposed an alternative platform for international payments, but few practical steps have been taken so far towards implementation.

Fintech / Regtech

Paytm Gains NPCI Approval to Onboard New UPI Users

By Mark Johnston | 26/10/2024

Paytm has received approval from the NPCI to resume onboarding new UPI users, a development seen as significant for the company.

Fintech / Regtech

Singapore to Launch Scam Loss Sharing Framework in December

By Nithya Subramanian | 25/10/2024

FIs have five duties under the framework, including a newly added requirement to implement real-time fraud surveillance.