Fintech / Regtech

    Fintech / Regtech

    BOJ, FSA Advance Work to Coordinate Supervisory Functions

    By Sanday Chongo Kabange | 17/07/2022

    The FSA and BOJ have started sharing information reported by FIs using common templates and are establishing a new data platform to collect granular data from the industry.

    Fintech / Regtech

    RBI Grants First In-Principle Approvals for Payment Aggregator Licence

    By Editors | 17/07/2022

    Razorpay, Pine Labs, Stripe, and 1Pay Mobileware are among those that have received the in-principle approval.

    Fintech / Regtech

    IOSCO Publishes Report on Use of Innovation Facilitators

    By Editors | 15/07/2022

    The report offers recommendations on three types of innovation facilitators – innovation hubs, regulatory sandboxes, and regulatory accelerators.

    Enforcement

    ACCC Issues First Penalty for CDR Breach Against BOQ

    By Sanday Chongo Kabange | 14/07/2022

    This is the first infringement notice the ACCC has issued for an alleged breach of the CDR rules as BOQ pays penalty.

    AML / KYC

    Australian Banks Introduce Dynamic CVV to Reduce Card Fraud

    By Editors | 14/07/2022

    Westpac customers who use dynamic CVV have seen an 80 percent reduction in fraud compared to those who don’t.

    AML / KYC

    HKMA Advances Work on AML SupTech, Bank-to-Bank Data Sharing

    By Darien Choong | 13/07/2022

    HKMA executive director Carmen Chu discussed initiatives to enable bank-to-bank information sharing and use granular bank data to detect ML risk.

    Fintech / Regtech

    Cambodia Establishes Common National Standard for QR Payments

    By Editors | 12/07/2022

    NBC intends to use the new KHQR system to facilitate cross-border payments within the region in future.

    AML / KYC

    GCFFC Offers Recommendations on Improving AML Effectiveness

    By Manesh Samtani | 12/07/2022

    PPPs could benefit from the FATF providing a clearer endorsement of their benefits within the global framework, the paper says.

    Fintech / Regtech

    FSC Korea Approves Rule Change to Promote Data Convergence

    By Sanday Chongo Kabange | 11/07/2022

    Firms that do not hold their own data will be allowed to use pseudonymised data from other businesses in their analysis.

    AML / KYC

    GLEIF Launches vLEI Issuer Qualification Programme

    By Manesh Samtani | 07/07/2022

    The vLEI is a digital version of the LEI which can be securely verified online against the source information held in GLEIF’s data repository.

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