Fintech / Regtech

Fintech / Regtech

China Implements Tighter Rules for Non-Bank Payments Platforms

By Editors | 31/07/2024

The rules impose stricter licensing, business management, risk management and user protection requirements on non-bank payment institutions.

AML / KYC

Westpac, Optus Launch New Anti-scam Capability

By Sanday Chongo Kabange | 31/07/2024

Westpac launched a new in-app calling capability to protect customers from scammers trying to impersonate the bank.

Securities / Derivatives

SEBI Launches AI-enabled Chatbot to Address Investors’ Queries

By Ajoy K Das | 31/07/2024

The chatbot can currently answer questions relating to the securities market, the latest master circulars, and the grievance redressal process.

AML / KYC

Regulating GenAI: New Tools, Old Challenges

By Bradley Maclean | 30/07/2024

Striking the right balance between automation and human expertise is vital to ensure the effective use of GenAI technology.

Fintech / Regtech

BSP Set to Reopen Applications for Digital Bank Licences

By Sanday Chongo Kabange | 30/07/2024

BSP Governor Eli Remolona said a circular would be released “soon” indicating when the application window will be reopened.

Crypto / Digital Assets

HKMA Opens Tender for Services to Support CBDC Sandboxes

By Editors | 30/07/2024

Hosting and supporting services would have to support up to 25 participants in the Project Ensemble and e-HKD sandboxes.

Fintech / Regtech

RBI Fines Visa and Two Other Payment System Operators

By Ajoy K Das | 29/07/2024

Visa was penalised for implementing a payment authentication solution without obtaining regulatory clearance from the RBI.

AML / KYC

A Whole New World for the Financial Action Task Force?

By Fatima Alsancak | 29/07/2024

With the next round of country assessments starting, the new FATF President has a lot of work to do over the next two years.

AML / KYC

UK Launches Data Sharing Project to Tackle Organised Crime

By Editors | 29/07/2024

Seven UK banks will share information on customers with the NCA if certain markers of potential criminal behaviour are met.