Fintech / Regtech

    Fintech / Regtech

    Philippines: Diokno Directs SEC to Further Digitalise Markets

    By Editors | 21/07/2022

    Finance Secretary Benjamin Diokno directed the SEC to use digital technologies to improve monitoring, build investor trust, protect the investing public, and better serve the economy.

    AML / KYC

    India, Indonesia to Work Towards Establishing Payment Linkages

    By Editors | 20/07/2022

    The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.

    Fintech / Regtech

    Philippines: UnionBank Commences Digital Banking Operations

    By Editors | 20/07/2022

    UnionDigital Bank commenced operations on Monday after receiving the BSP’s green light for the launch last week.

    Fintech / Regtech

    HKMA Issues Regtech Guide on Third-Party Risk Management

    By Sanday Chongo Kabange | 19/07/2022

    The practice guide is meant to help banks plan the implementation of regtech solutions to address the risks associated with third-party relationships.

    Fintech / Regtech

    HKMA, Banks, Bloomberg Launch Fintech Talent Initiative

    By Editors | 18/07/2022

    The partners include the HKMA, FSDC, Bloomberg, Ant Group, Bank of America, BOCHK, Citi, Credit Suisse, DBS, Goldman, HKEX, HSBC, JP Morgan, and others.

    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.

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