Fintech / Regtech

AML / KYC

Philippine AMLC Issues New Sanctions Screening Guidance

By Editors | 13/05/2023

An AMLC review found deficiencies including excessive manual processes, high false positives, and a lack of understanding of how sanctions screening systems operate.

Fintech / Regtech

Key Committees in EU Parliament Vote to Adopt “AI Act”

By Editors | 13/05/2023

The rules are aimed at supporting AI innovation while also protecting rights, strengthening oversight, and ensuring mature governance and enforcement.

Fintech / Regtech

China Unveils National Blockchain Centre to Boost DLT Innovation

By Mark Johnston | 12/05/2023

The centre will develop blockchain technology and train over 500,000 DLT specialists in China.

Crypto / Digital Assets

BIS Innovation Hub Publishes Guidance on Offline CBDC Payments

By Editors | 12/05/2023

The new handbook is intended as a guide for central banks that are considering the potential implementation of CBDCs with offline functionality.

Fintech / Regtech

HKMA Issues Regtech Guide on Protecting Customer Data

By Editors | 10/05/2023

The guide offers implementation advice for using Regtech solutions to enhance customer privacy protection and streamline data processing operations.

AML / KYC

HK Police Launch Advisory Panel to Help Combat Cybercrime

By Editors | 09/05/2023

The panel members will share recent technological developments, information on potential threats, and practical advice on police technologies.

AML / KYC

Singapore Passes Bill to Enable Data Sharing via COSMIC

By Editors | 09/05/2023

COSMIC will be rolled out in phases starting from H2 2024, enabling banks to alert one another about illicit activity involving their customers.

AML / KYC

HKMA Calls for Broader Adoption of Network Analytics by Banks

By Manesh Samtani | 09/05/2023

Around 60 percent of retail banks in Hong Kong are now deploying network analytics. Some are using this capability to file “super STRs”.

Fintech / Regtech

BIS to Test Quantum Resistant IT Environments for Financial System

By Editors | 09/05/2023

“Project Leap” will test the ability of a quantum-resistant algorithm to maintain the confidentiality of payment messages transmitted between Banque de France and Deutsche Bundesbank.