Fintech / Regtech

Fintech / Regtech

PBOC Forges Ahead with Market Opening, Offshore Use of Yuan

By Editors | 22/10/2024

Lu Lei says the PBOC will stay steadfast on further opening up the market for more foreign participation, and promote the interlinking of payment systems.

Big Picture

BIS Report Offers Considerations for Central Banks on Tokenisation

By Editors | 22/10/2024

The report discusses the opportunities, risks, and policy implications of token arrangements for central banks and the global financial system.

Fintech / Regtech

UK Government Consults on Legislation to Regulate BNPL

By Editors | 21/10/2024

BNPL providers will have to ensure consumers receive clear information, avoid unaffordable borrowing, and have strong rights when issues arise.

Fintech / Regtech

FCA Launches “AI Lab” to Support Financial Sector Innovation

By Manesh Samtani | 20/10/2024

The FCA’s Jessica Rusu said the AI Lab will help firms overcome challenges they face in building and implementing AI solutions.

Fintech / Regtech

NYDFS Issues Guidance on Combatting AI-Related Cyber Risks

By Nithya Subramanian | 18/10/2024

The guidance highlights four key threats arising out of AI and offers recommendations on security controls and mitigation measures.

Fintech / Regtech

Singapore CSA Launches Guidelines for Deploying AI Systems

By Nithya Subramanian | 18/10/2024

New Guidelines and Companion Guide aim to help firms securely adopt AI tech and guide decision-makers on security controls and best practices.

Fintech / Regtech

Wise Granted Approval to Join Japan’s Zengin Network

By Editors | 18/10/2024

Wise is the first non-bank and the first foreign financial company to be granted approval to join the Zengin payment network.

Market Infrastructure

FSB Proposes Common Format for Reporting Operational Incidents

By Editors | 18/10/2024

The FSB has published for consultation a common format which can be used by financial firms to report operational incidents.

Fintech / Regtech

UnionPay to Enable Cross-Border QR Payments for Vietnam

By Mark Johnston | 18/10/2024

Users of Vietnamese banking apps and e-wallets will be able to scan UnionPay QR codes for payments in the mainland.