Fintech / Regtech

The paper highlights India's Aadhaar programme, which promotes financial inclusion, offers more robust AML/CFT checks, and has led to the creation of several innovative and interoperable digital platforms.

ZA Bank, backed by ZhongAn and Sinolink Group, has launched services for 2,000 selected users to test under the HKMA's sandbox mechanism.

New OECD research has found a strong likelihood of misalignment between the risk profiles of some financial consumers and the riskiness of cryptoassets.

Authorised institutions and SVF licensees should conduct appropriate risk assessments to differentiate the risks of the individual virtual asset service providers they deal with, the HKMA says.

Led by mobile money transfer app operator Viva Republica, the Toss Bank consortium expects to commence operations as an internet-only bank during the first six months of 2021.

The report describes the potential innovations and design questions associated with digital tokens that could be used to settle large-value payments.

Despite Australia having everything needed to be a global RegTech leader, mainstream adoption is being stymied by an equity gap, says new research from the RegTech Association.

Big data is rapidly changing how regulators and law enforcement conduct investigations and build cases, say Jeremy Birch, Peter Jones and Kyle Wombolt at Herbert Smith Freehills.

Japanese banks are looking to use JP Morgan's Interbank Information Network to bolster AML measures because it makes screening of cash recipients faster and more efficient.

Regulation Asia spoke to Andreas Burner at SmartStream Technologies to understand the different approaches to adopting AI/ML tools, and how centralising data is key to generating analytics and predictions.