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Crypto / Digital Assets
More Than 500 Banks Have Now Adopted ‘Swift Go’
By Editors | 30/11/2022
Swift outlines progress made in 2022 toward the G20’s goals for enhancing cross-border payments, including through CBDC experimentation.
AML / KYC
GLEIF Enables LEI Mapping for S&P Global Company IDs
By Editors | 30/11/2022
GLEIF already provides ISIN-LEI, BIC-LEI and MIC-LEI mapping certification, and has been encouraging data vendors to map their identifiers to the LEI.
Fintech / Regtech
Experian Appointed Bureau Operator for Singapore BNPL Industry
By Editors | 30/11/2022
Experian will facilitate creditworthiness checks for consumers using credit information submitted by all accredited BNPL players in Singapore.
Fintech / Regtech
BNM Consults on Licensing Framework for Digital Insurers
By Mark Johnston | 30/11/2022
Digital insurers and takaful operators will initially be subject to a lower minimum paid-up capital requirement during a 3-5 year foundational period.
Crypto / Digital Assets
BOJ to Involve Banks in CBDC Testing Around April 2023
By Sanday Chongo Kabange | 28/11/2022
The BOJ’s next phase of CBDC testing will involve Japan’s three megabanks as well as regional banks. A digital yen could be issued in 2026.
Fintech / Regtech
FSC Korea Outlines Reforms to Provide Boost to Insurance Sector
By Editors | 26/11/2022
The reforms will promote digital marketing and sales channels, product innovation, and ease insurance asset management rules to enable more efficient portfolio management.
Fintech / Regtech
UK, Singapore to Deepen Collaboration on FinTech, Sustainable Finance
By Editors | 26/11/2022
The UK and Singapore agreed to deepen cooperation on FinTech and sustainable finance, including to explore a global framework for regulating ESG ratings and data providers.
AML / KYC
HKMA, Cyberport Host Third AML Regtech Lab
By Sanday Chongo Kabange | 25/11/2022
The HKMA says retail banks increased their identification and reporting of suspicious accounts and networks by 127 percent compared to a year ago.
Fintech / Regtech
DBS Completes First Intraday Repo Trade on JPM Blockchain Network
By Editors | 24/11/2022
DBS said it is the first Asian bank to complete an intraday repo transaction using the Onyx network, created by JP Morgan in 2020.
Fintech / Regtech
ZA Bank, Wise Partner to Offer International Remittances
By Manesh Samtani | 24/11/2022
ZA Bank will offer a “hassle-free service to users, without worrying about any foreign exchange markup, hidden charges and transfer progress.”
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