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Crypto / Digital Assets
DBS to Launch Digital Exchange, Subject to Regulatory Approvals
By Editors | 28/10/2020
The exchange will offer trading services from fiat currencies to four of the top digital currencies in circulation, as well as capital raising through STOs.
Fintech / Regtech
HKMA Chief Hints at New Data Platform to Facilitate SME Lending
By Manesh Samtani | 27/10/2020
Banks can more precisely and objectively assess SME credit risk with access to more data, such as trading and turnover statistics, says HKMA chief Eddie Yue.
Fintech / Regtech
BIS, Swiss National Bank to Issue CBDC Proof of Concept by Year-End
By Sanday Chongo Kabange | 27/10/2020
CBDC research provides an “essential opportunity” to pool knowledge and resources and help enhance cross-border payments, says Benoît Coeuré, head of the BIS Innovation Hub.
Fintech / Regtech
Australian Treasury Orders Review of Domestic Payments Regulation
By Shruti Khairnar | 27/10/2020
The review comes after two decades of the regulatory architecture of the domestic payments system being largely unchanged.
AML / KYC
China Issues AML/CTF Guidelines for Microfinance Institutions
By Editors | 27/10/2020
The guidelines take immediate effect and are require microfinance institutions to report any transaction worth more than CNY 50,000 within 5 working days.
Uncategorised
FSC Korea Designates KFTC to Manage P2P Financing Data
By Sanday Chongo Kabange | 26/10/2020
The Korea Financial Telecommunications and Clearings Institute will start operating a central registry for P2P transaction data from 1 May 2021.
AML / KYC
FATF to Drive Digital Transformation of AML/CFT Systems
By Manesh Samtani | 26/10/2020
Digital transformation of AML/CFT systems will help to ensure their resilience in future and build their efficiency, the FATF says.
Fintech / Regtech
Philippine Privacy Watchdog Warns Against Misusing Borrower Data
By Sanday Chongo Kabange | 23/10/2020
Some online lenders are using illegally obtained personal data to shame or harass borrowers when they failed to meet their obligations.
Fintech / Regtech
India’s Gift City Regulator Introduces Regulatory Sandbox Framework
By Sanday Chongo Kabange | 22/10/2020
All entities operating in the capital market, banking, insurance and pension sectors, as well as individuals and startups from India and FATF-compliant jurisdictions, are eligible.
Fintech / Regtech
IMAS Calls on Asset Managers to Join Digital Accelerator Programme
By Editors | 21/10/2020
Under the programme, asset managers will be paired with a shortlisted fintech with the most appropriate solution to the problem statement submitted.
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