Fintech / Regtech

The SEC has strengthened the obligations of capital markets and digital assets firms to supervise and manage the risks to their IT systems.

Ian Herbison and Saskia Kendall discuss three dynamics shaping the APAC FinTech industry and the need for partnership between the public and private sectors.

The net worth requirement and net NPA eligibility criteria have been relaxed, to promote the spread of digital banking for customers in rural areas.

MAS, Google Cloud and KPMG launched the accelerator to channel capital toward companies with market-ready climate fintech solutions.

The framework says there are "no limitations" on the use of any cloud deployment models, but provision must only be from data centres empanelled by MeitY.

The investment will strengthen Partior's international reach and capabilities, while also helping StanChart accelerate the deployment of blockchain tech across its own network.

MAS will provide a further SGD 150 million in funding over three years to the Financial Sector Technology and Innovation scheme.

MAS will work on initiatives to generate greater opportunities for trade and financial services cooperation between Singapore and Ghana.

Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.

The consultation is gathering views on data quality issues in the CDR ecosystem, the harms they cause, and ways to address them, including through enforcement.