Fintech / Regtech

Fintech / Regtech

Thailand Set to Launch Letter of Guarantee System for Banks

By Editors | 31/10/2022

The Bank of Thailand said the new blockchain-based system has passed its regulatory sandbox process after being tested by 18 commercial banks.

Fintech / Regtech

EU Commission Proposes New Rules on Instant Payments

By Manesh Samtani | 30/10/2022

Banks would be required to offer instant payments at the same cost as other credit transfers. Instant euro payments may later be expanded internationally.

ESG / Sustainability

Singapore to Host Platform to Unify Carbon Market Registry Data

By Editors | 29/10/2022

Climate Action Data Trust, or CAD Trust, will link, aggregate and harmonise all major carbon market registry data, and help with reporting under Article 6 of the Paris Agreement.

Fintech / Regtech

HKMA Issues Regtech Guide for Sales and Suitability Practices

By Manesh Samtani | 28/10/2022

The guide describes a solution to automating product due diligence and a governance tool for improving oversight of the sales advisory process.

Fintech / Regtech

FCA Explores Competition Risks from BigTech in Retail Financial Services

By Editors | 27/10/2022

The consultation focuses on Big Tech firms’ entry and expansion into four retail sectors – payments, deposit taking, consumer credit and insurance.

AML / KYC

NLP for Regulatory Compliance: A Question of When, Not If

By Irene Liu | 27/10/2022

Accenture’s Irene Liu and team discuss the use of NLP technology within compliance functions, as well as the adoption challenges and how to address them.

Capital / Liquidity

MAS Proposes New Rules for Crypto Firms, Stablecoin Issuers

By Manesh Samtani | 27/10/2022

Retail investors won’t be allowed leverage and will have to undergo a knowledge test. Stablecoin issuers will have strict rules on reserve assets and a S$1bn capital requirement.

Crypto / Digital Assets

BIS Innovation Hub Releases mBridge Report, Sets Out Next Steps

By Editors | 27/10/2022

The mBridge project team will continue working to get to a minimum viable product that can be used by early adopters next year.

Fintech / Regtech

GIFT City, Japan Fintech Body to Cooperate on Innovation

By Editors | 27/10/2022

GIFT City and the Fintech Association of Japan plan to launch a fintech accelerator and other entrepreneurial programmes.