Fintech / Regtech

    Fintech / Regtech

    Philippine SEC Welcomes New Measures to Combat Illegal Loan Apps

    By Editors | 14/04/2022

    Starting 11 May, the Google Play Store will introduce a new screening process for personal loan apps targeting users in the Philippines.

    Fintech / Regtech

    PwC Publishes 2022 Rankings of Global Retail, Wholesale CBDCs

    By Sanday Chongo Kabange | 14/04/2022

    The highest ranking retail CBDC projects were from Nigeria, the Bahamas, and China. The highest ranking wholesale CBDC projects were from Thailand, Hong Kong and Singapore.

    Enforcement

    Taiwan FSC Fines Cathay United Bank Over ATM Disruptions

    By Darien Choong | 14/04/2022

    The bank was fined, temporarily barred from setting up new ATMs, and required to increase its operational risk capital by 30 June.

    Crypto / Digital Assets

    Nasdaq Publishes Guide on Global Crypto Regulation

    By Editors | 14/04/2022

    Nasdaq has published a summary of laws and regulations governing the trading of crypto assets around the world.

    Fintech / Regtech

    DTCC to Explore Use of CBDC in Clearing and Settlement

    By Sanday Chongo Kabange | 14/04/2022

    Project Lithium will explore how a CBDC can reduce counterparty risk and trapped liquidity, increase capital efficiency and enable atomic settlement.

    Fintech / Regtech

    Australia, Singapore to Deepen Collaboration via ‘FinTech Bridge’

    By Editors | 13/04/2022

    The bilateral FinTech Bridge will enable stronger cooperation and collaboration on policy and regulation to better support the cross-border growth of the fintech industry.

    AML / KYC

    AUSTRAC Offers Update on Work to Enhance Reporting System

    By Editors | 13/04/2022

    The IFTI-E schema version 2.0 will be finalised in the next few months. This will be used to enable the upload of IFTI-E reports through a new API and user interface.

    AML / KYC

    Crypto Firms and Sanctions: Five Tools for Compliance

    By Manesh Samtani | 12/04/2022

    Sanctions screening starts with effective KYC, says Refinitiv’s Neil Vaz, pointing to five “universal tools” crypto firms need to ensure compliance.

    Fintech / Regtech

    Bangladesh Bank Commences Work on Digital Bank Framework

    By Editors | 12/04/2022

    The new regulatory guidelines will require digital banks to hold the same levels of capital as conventional banks.

    Fintech / Regtech

    Singapore Crypto Firms Offered Clarity on Advertising Ban

    By Darien Choong | 12/04/2022

    Industry bodies have formed a task force to draft a code of practice to address issues around marketing and advertising of crypto services, as suggested by MAS.

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