Fintech / Regtech

Fintech / Regtech

RBI Finalises New Master Directions on IT Governance

By Ajoy K Das | 08/11/2023

The master directions, effective from 1 April 2024, specify the IT governance responsibilities of the board and senior management.

Fintech / Regtech

Singapore’s OCBC Experiences 2.5 Hour Service Disruption

By Editors | 08/11/2023

In Singapore, banks are required to ensure that critical systems and services can be restored within four hours following an outage.

Fintech / Regtech

Singaporean Fintechs Expand into Australia with Project Lorikeet

By Mark Johnston | 07/11/2023

Four Singaporean fintech companies have successfully expanded into the Australian market through a joint initiative by SFA and Austrade.

AML / KYC

Japanese Regional Banks Form Partnership on AML/CFT

By Editors | 05/11/2023

Three regional banks will use the same centralised service platform to perform AML/CFT operations.

Fintech / Regtech

IRDAI Directs Insurers to Join RBI’s Account Aggregator Ecosystem

By Ajoy K Das | 03/11/2023

The inclusion of insurance firms in the AA ecosystem is expected to benefit agents, mutual fund distributors, and other service intermediaries.

Crypto / Digital Assets

Tokenisation Steers Paradigm Shift in Finance: BIS Innovation Hub

By Georgina Lee | 03/11/2023

The next paradigm shift for financial assets is tokenisation, BIS Innovation Hub head Cecilia Skingsley said at Hong Kong Fintech Week.

Crypto / Digital Assets

HKMA Collaborating with BOT, PBOC on Payments Initiatives

By Georgina Lee | 02/11/2023

Hong Kong will link FPS with PromptPay and connect the city’s payment infrastructure to e-CNY, officials said a Hong Kong Fintech Week.

Crypto / Digital Assets

Hong Kong Announces New Fintech Development Initiatives

By Editors | 02/11/2023

The initiatives include a new platform to facilitate retail fund distribution and enhancements to the regulatory framework for virtual assets.

Fintech / Regtech

HKMA to Launch Bank Account Data Sharing Pilot by Year-End

By Editors | 01/11/2023

The first phase of the IADS initiative will be for corporate customers. The HKMA hopes to progressively extend it to retail bank accounts from June 2024 onwards.