Fintech / Regtech

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    Crypto / Digital Assets

    BSP Announces Key Technology Decision for CBDC Pilot

    By Sanday Chongo Kabange | 10/09/2023

    Participating financial institutions will test the use of wholesale CBDC technology alongside PhilPaSSplus in a sandbox environment.

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    Fintech / Regtech

    RBI Governor Launches New Features on UPI System

    By Editors | 08/09/2023

    The new features include voice-enabled payments, offline transfers, and NFC-enabled QR code payments.

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    Fintech / Regtech

    Malaysia SC Sets Rules for Offering Fractional Share Trading Services

    By Editors | 07/09/2023

    The guidelines seek to ensure stockbrokers have the necessary systems and controls to safeguard investors when offering them fractional share trading services.

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    Sanctions

    FCA Unveils Findings from Sanctions System Testing in Financial Sector

    By Manesh Samtani | 07/09/2023

    The FCA used a “new analytics-based tool” developed in-house that tests how effective firms are at identifying sanctioned individuals and entities.

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    Fintech / Regtech

    SEBI Developing AI Tool to Detect Fund Mis-selling

    By Editors | 07/09/2023

    The AI tool will be able to detect misselling that may go unnoticed using “rule-based supervision”, said SEBI chairperson Madhabi Puri Buch.

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    Fintech / Regtech

    Grab-Singtel Digital Bank Approved for Launch in Malaysia

    By Editors | 07/09/2023

    GXBank, backed by Grab, Singtel and Kuok Brothers, has become the first digital bank applicant to win approval to commence operations.

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    Fintech / Regtech

    RBI Calls on Fintech Industry to Establish Self-Regulatory Body

    By Editors | 07/09/2023

    The RBI’s Shaktikanta Das and T Rabi Sankar said an SRO would be the best way to regulate the fintech industry and establish best practice standards.

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    Fintech / Regtech

    SGX Gains Connectivity to FIA Tech’s Trade Data Network 

    By Editors | 07/09/2023

    The new connectivity will give SGX members greater transparency into their trade give up/ take in process.

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    AML / KYC

    FSS Inspections Find AML Deficiencies at Korean e-Payments Firms

    By Editors | 06/09/2023

    The FSS said management awareness of AML work within electronic financial businesses is low; internal controls and risk assessments are deficient.

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    Fintech / Regtech

    UK House of Commons Report Calls for Dedicated Bill on AI Governance

    By Manesh Samtani | 06/09/2023

    Key committee outlines 12 challenges related to AI governance, calls for the introduction of a “tightly-focused” AI Bill in the next King’s Speech.

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