Fintech / Regtech

Bangladesh Bank Issues Rules for Digital Payments Platform

By Ajoy K Das | 11/07/2024

The platform supports the use of virtual IDs to protect entities from crimes such as identity theft, extortion and fraud.

Market Infrastructure

BCBS Consults on Principles for Managing Third-Party Risk

By Editors | 10/07/2024

The BCBS offers 12 high-level principles on the effective management and supervision of risks arising from third-party arrangements.

Market Infrastructure

BIS to Explore Approaches for Monitoring Supply Chain Shocks

By Editors | 10/07/2024

BIS will use granular data, analytics and AI to improve monitoring of global supply chains and better assess their economic and financial impacts.

Fintech / Regtech

Navigating Hong Kong PCPD’s Model AI Framework

By Albert Yuen | 09/07/2024

Albert Yuen and Jasmine Yung at Linklaters discuss the Model AI Framework and its implications for the financial services sector.

Fintech / Regtech

BNM Finalises Licensing Framework for Digital Insurers

By Editors | 09/07/2024

BNM will no longer limit the number of licences to five. Applications will be accepted throughout 2025 and 2026.

Fintech / Regtech

SFC to Introduce New Investment Product Authorisation Platform

By Sanday Chongo Kabange | 09/07/2024

The new e-IP system will allow users to digitally submit new product applications and post-authorisation or registration submissions.

Securities / Derivatives

KRX, Naver to Collaborate on Market, Cyber Surveillance

By Editors | 08/07/2024

A key component of the collaboration is to increase monitoring of Naver Pay’s stock discussion rooms and “Shareholder Open Talk” communities.

Fintech / Regtech

HKMA, IA Launch Open API Framework Linkage

By Sanday Chongo Kabange | 08/07/2024

The new linkage seeks to enhance the mutual adoption of APIs for use cases across the banking and insurance sectors.

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.

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