FINTECH / REGTECH

Fintech / Regtech

ASIC Seeks Greater Powers to Collect Data from Managed Funds

By Shruti Khairnar | 21/11/2020

ASIC’s Karen Chester says insolvencies and macro forces could present greater liquidity challenges to fund managers and affect investors’ ability to withdraw from funds.

Fintech / Regtech

BOK, FSC Clash Over Supervisory Authority in Fintech, Payments

By Sanday Chongo Kabange | 21/11/2020

The FSC has proposed legislative amendments that would give it power over payment settlements in the fintech industry. The BOK says this will create redundant regulations.

Fintech / Regtech

Vietnam Working to Allow Cooperation With Foreign Firms in Payments

By Sanday Chongo Kabange | 21/11/2020

Currently, Vietnam has no regulations for international payments to be made via foreign intermediary payment operators or e-wallets.

Fintech / Regtech

BSP Seeks Interoperability, Unified Standard in Payments

By Sanday Chongo Kabange | 21/11/2020

BSP governor Benjamin Diokno envisions that payment facilities operated by individual banks and payment firms will operate under a single standard.

Fintech / Regtech

FSC Korea Threatens to Withdraw Incentives for Internet-only Banks

By Sanday Chongo Kabange | 20/11/2020

The FSC has criticised Kakao Bank for disregarding customers with average credit scores, and instead favouring borrowers with high credit scores.

Crypto / Digital Assets

Australian Police Charge Ex-Promoter of Failed Crypto Platform

By Sanday Chongo Kabange | 19/11/2020

The former BitConnect promoter is said to have operated an unregistered managed investment scheme and provided unlicensed financial advice.

Fintech / Regtech

SFC Signs Fintech Cooperation Agreement with Israeli Regulator

By Editors | 17/11/2020

The agreement establishes a framework for information sharing, potential joint innovation projects and referrals of innovative firms seeking to enter one another’s markets.

Fintech / Regtech

BSP, MAS Declare Opposition to Data Localisation Requirements

By Editors | 16/11/2020

Data mobility in financial services supports economic growth, innovative financial services, risk management and compliance, BSP and MAS say in a joint statement.

Fintech / Regtech

Korean MyData Industry ‘The First of its Kind’, says FSC Vice Chair

By Editors | 15/11/2020

The FSC’s Doh Kyu-sang says 35 entities are currently under review to receive preliminary licences to participate in the MyData ecosystem.