FINTECH / REGTECH

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    Fintech / Regtech

    RBI Announces Planned Upgrades to UPI System

    By Editors | 13/08/2023

    One new feature will enable users to initiate UPI transactions by conversing with an AI-powered system. Japan is exploring a potential UPI linkage.

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    AML / KYC

    Bangladesh Banks Directed to Simplify Account Opening for NRBs

    By Editors | 12/08/2023

    Banks are directed to launch digital systems to enable non-resident Bangladeshis to open accounts and invest in the country from overseas.

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    Fintech / Regtech

    Indian Lawmakers Pass New Data Protection Law

    By Manesh Samtani | 11/08/2023

    The law has raised concerns over the excessive powers granted to the government to access private data without consent.

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    Fintech / Regtech

    China Proposes to Tighten Rules on Use of Facial Recognition Tech

    By Editors | 11/08/2023

    The draft rules prohibit the misuse of facial recognition technology by entities and in public spaces including banks.

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    Fintech / Regtech

    China Launches New Data Platform for Regional Equity Markets

    By Editors | 10/08/2023

    The platform enables market participants to gain a unified view of corporate data from China’s 30-plus regional equity markets.

    Crypto / Digital Assets

    Fed Unveils New Supervision Programme for Banks Engaging With Crypto

    By Manesh Samtani | 10/08/2023

    The Fed requires banks to obtain a written notification of supervisory nonobjection before engaging in activities involving stablecoins.

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    AML / KYC

    Cambodia to Leverage Indonesia Experience to Strengthen Non-Bank Financial Sectors 

    By Editors | 10/08/2023

    The MoU will help Cambodia enhance its non-bank financial services sectors, focusing on knowledge exchange and collaborative development.

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    Fintech / Regtech

    UK Commits to Taking Forward Payments System Reforms

    By Editors | 09/08/2023

    The reforms will include a regulatory regime for future systemically important stablecoins used as a means of payment.

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    AML / KYC

    OCBC Integrates Anti-Malware Feature in Mobile Banking App

    By Manesh Samtani | 08/08/2023

    OCBC’s digital banking app will now only work on mobile devices if their mobile apps are all downloaded from official app stores.

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    Fintech / Regtech

    MAS Earmarks S$150m to Propel Innovation in Financial Sector

    By Editors | 08/08/2023

    MAS earmarked SGD 150 million for financial tech advancements, aiming to foster innovation and support the evolving fintech ecosystem.

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