Fintech / Regtech
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1.1KHKMA, BIS Innovation Lab Seek Solutions in Trade Finance
Editors, Regulation Asia August 4, 2020Private firms are invited to submit innovative solutions that can help enhance trade finance mechanisms, connectivity and infrastructure.
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1.0KPBOC Pushes for Antitrust Probe into Alipay, WeChat Pay
Editors, Regulation Asia August 3, 2020The State Council’s antitrust committee has reportedly been collecting information on the two payments giants for over a month but has not yet decided whether to launch a probe.
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2.0KCulture Audits: Removing the Blindfold
Stephen Scott, Starling and Mark Cooke August 3, 2020To avoid individual liability, leaders along all Three Lines of Defence must identify indicators of non-financial risk that permit “upstream” interventions, say Stephen Scott and Mark Cooke.
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1.1KBSP Pilot Tests New Chatbot for Consumer Complaints
Editors, Regulation Asia August 1, 2020The chatbot can handle queries and complaints from consumers sent through chat via the BSP website, SMS, or Facebook messenger.
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1.3KItalian Banks Adopt Blockchain to Reconcile Interbank Transactions
Editors, Regulation Asia July 31, 202055 banks are using a blockchain platform to share interbank transfer data and reconcile transactions, an initiative made possible by a rule change last May.
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1.1KMalaysia to Experiment with Tokenised Bonds in Offshore Market
Manesh Samtani, Regulation Asia July 31, 2020Bursa Malaysia has partnered with Singapore fintech Hashstacs to develop a blockchain solution for the issuance, servicing, trading, clearing and settlement of bonds.
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1.0KTrade Bodies Jointly Commit to Tackling Market Inefficiencies
Manesh Samtani, Regulation Asia July 31, 2020The inefficiencies result from a prevalence of customised, paper-based legal documentation, a lack of data standards, and inconsistent reporting requirements.
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1.2KHKMA Issues AML Guidance to Banks As Pandemic Persists
Manesh Samtani, Regulation Asia July 30, 2020The guidance sets out key practices banks have been using to manage customer due diligence, resource pressure, and emerging threats in the context of Covid-19.
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1.2KWeLab Bank Announces Public Launch of Virtual Banking Services
Editors, Regulation Asia July 30, 2020WeLab Bank was the only stand-alone company to win a virtual bank licence from the HKMA. It commenced pilot services in April.
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1.1KPhilippines Launches DLT-based Distribution of Retail Treasury Bonds
Sanday Chongo Kabange, Regulation Asia July 30, 2020The launch of 'Bonds.PH' paves the way for the unbanked to affordably and easily invest in retail treasury bonds, said National Treasurer Rosalia V. De Leon.
