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Fintech / Regtech
Big Picture
FSB Proposes Measures to Address Cross-border Payment Frictions
By Manesh Samtani | 17/07/2024
Two new FSB reports offer policy recommendations to address legal, supervisory and regulatory frictions in cross-border payments.
Fintech / Regtech
China Issues New Marketing Guidelines for Online Loans
By Editors | 16/07/2024
NIFA calls on FIs and third-party internet platforms to standardise their online loan marketing activities and abide by 19 measures set out in the guidelines.
Fintech / Regtech
Singapore Issues Draft Guide on Synthetic Data Generation
By Nithya Subramanian | 16/07/2024
The guide proposes good practices for generating synthetic data that can be used to train AI models while protecting the underlying personal data.
Fintech / Regtech
Korea, Indonesia Sign Cross-border Payments MoU
By Editors | 16/07/2024
The MOU will support the implementation of cheaper, faster, more inclusive, and more transparent cross-border payments between the two countries.
Crypto / Digital Assets
World Bank Paper Explores Interoperability Between CBDC and FPS
By Editors | 16/07/2024
The paper says internal experimentation demonstrated how CBDC systems could interoperate with retail payment systems through an interlinking bridge.
Fintech / Regtech
New York DFS Issues Rules Governing AI for Insurers
By Nithya Subramanian | 15/07/2024
The guidance ensures that implementation of AI in insurance does not perpetuate systemic biases that result in unfair discrimination, while providing market stability.
AML / KYC
AUSTRAC to Deliver New Reporting Platform in “Coming Months”
By Editors | 15/07/2024
AUSTRAC said in 2021 that it would be replacing its reporting system. The final stage of features will be delivered in the “coming months”.
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.
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