Fintech / Regtech

    AML / KYC

    Singapore Police Opens New Anti-Scam Command Office

    By Editors | 07/09/2022

    The opening of the ASCom office was officiated by Minister for Communications & Information Josephine Teo.

    Fintech / Regtech

    KPMG Launches Embedded Finance Hub in Singapore

    By Editors | 06/09/2022

    KPMG said the Hub will work with MAS and the broader ecosystem to accelerate the adoption of embedded finance in Singapore.

    AML / KYC

    Japan Regulator Orders Revolut to Improve AML Controls

    By Editors | 06/09/2022

    Revolut is required to submit a business improvement plan by 3 October and file quarterly progress reports until implementation is complete.

    Fintech / Regtech

    India Raids Payment Firms in Digital Lending App Probe

    By Editors | 06/09/2022

    The Enforcement Directorate said digital loan app providers involved in extortion and harassment of members of the public are controlled and operated by Chinese persons.

    ESG / Sustainability

    Hong Kong Plans Measures to Lure ESG, Fintech Talent

    By Editors | 06/09/2022

    The government will also dedicate resources towards providing training aimed at developing local ESG talent. Applications for a fintech subsidy scheme will open on 10 September.

    Crypto / Digital Assets

    Digital Dollar Project Launching Sandbox to Explore CBDC

    By Editors | 06/09/2022

    The programme is slated to begin in early October with a focus on cross-border payments. The initial participants will be Digital Asset, EMTECH, Knox Networks, and Ripple.

    AML / KYC

    RBI Issues New Guidelines on Digital Lending

    By Sanday Chongo Kabange | 06/09/2022

    The guidelines are applicable to existing customers availing fresh loans and new customers getting onboarded. Existing digital loans must be in compliance by 30 November.

    Fintech / Regtech

    SFC Finds Deficiencies in Investment Services Offered Online

    By Sanday Chongo Kabange | 02/09/2022

    The SFC is calling on licenced corporations to address regulatory deficiencies identified in some investment services offered online.

    Fintech / Regtech

    HKMA Issues Guidance on Managing Cloud Computing Risks

    By Manesh Samtani | 02/09/2022

    Banks’ agreements with CSPs should ensure the HKMA can access information stored in the cloud and relevant risk management controls for on-site examinations.

    Fintech / Regtech

    SWIFT Applies Data Intelligence to Remove Payment Friction

    By Editors | 01/09/2022

    SWIFT says its new capability ensures payments will go through regardless of whether the parties have transacted with each other before.

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