Fintech / Regtech

AML / KYC

AUSTRAC Issues Draft Guidance on AML/CTF Outsourcing Arrangements

By Manesh Samtani | 27/02/2024

The guidance is intended to help reporting entities comply with their AML/CTF obligations when outsourcing to external providers.

Fintech / Regtech

RBI Opens Prepaid Payment Instrument Market for Public Transport

By Ajoy K Das | 26/02/2024

Banks and non-banks can issue PPIs for use on public transport, with prepaid balances capped at INR 3000.

Fintech / Regtech

FS-ISAC Launches New AI Security Standards for FIs

By Ranamita Chakraborty | 26/02/2024

FS-ISAC’s Michael Silverman said six newly published papers provide guidance on the cyber-related risks of AI and best practices for adoption.

Enforcement

MAS, SPF Probe Samlit Moneychanger for Fraudulent Activities

By Nithya Subramanian | 26/02/2024

The money remittance company has informed the Monetary Authority of Singapore that it is planning to surrender its payment services licence.

Fintech / Regtech

FSDF Top-up Will Help Anchor Singapore Financial Services Capabilities

By Mark Johnston | 25/02/2024

MAS will use the S$2bn top-up to support talent development initiatives, innovation in financial services, and infrastructure projects.

Fintech / Regtech

HK Banks to Introduce Anti Malware Security Measures This Month

By Sanday Chongo Kabange | 25/02/2024

The new security measures on banking apps will trigger immediate actions when malware or suspicious apps are detected on customers’ devices.

Fintech / Regtech

FSC Korea Unveils Plans to Expand Open Banking Services

By Mark Johnston | 23/02/2024

Open banking services will be extended to business accounts and provided through offline channels.

Fintech / Regtech

EU Establishes New Office to Implement AI Act

By Mark Johnston | 23/02/2024

The AI Office will be responsible for implementing the AI Act and fostering a trustworthy AI ecosystem in the EU.

Crypto / Digital Assets

The Future of Securities Tokenisation and Crypto Regulation 

By Hannah Cassidy | 22/02/2024

With crypto currencies and assets firmly lodged in the public mind, regulators need to lay guardrails to facilitate innovation and combat misbehaviour.