Fintech / Regtech

Fintech / Regtech

MAS Warns of Growing Deepfake Cyber Threats to Financial Sector

By Nithya Subramanian | 19/09/2025

New paper outlines the growing cyber threats posed by deepfakes to the financial sector, urging FIs to strengthen their defences against fraud and misinformation.

Fintech / Regtech

South Korea Launches First Won-Backed Stablecoin in Pilot Phase

By Editors | 19/09/2025

Digital asset custodian BDACS has launched KRW1 in a proof-of-concept phase, with full fiat collateral held at major lender Woori Bank.

Crypto / Digital Assets

Koscom Eyes Stablecoin Business as Landmark Regulation Looms

By Mark Johnston | 19/09/2025

Korea Exchange subsidiary files won-stablecoin trademarks as financial authorities prepare to introduce a comprehensive digital asset regulatory framework in October.

AML / KYC

HKMA Prepares to Roll Out Personal Account Info-Sharing to Combat Fraud

By Manesh Samtani | 19/09/2025

The HKMA is enabling banks to share client data on suspected mule accounts, part of a broader push involving AI and data analytics.

Securities / Derivatives

Korea to Institutionalise OTC Exchanges for Unlisted Stocks, Fractional Investments

By Sanday Chongo Kabange | 19/09/2025

The regulations will create dedicated licences for OTC platforms, formalising rules on capital, investor protection, and market infrastructure.

Fintech / Regtech

China Pilots Unified QR Code Gateway to Streamline Foreign Payments

By Sanday Chongo Kabange | 18/09/2025

The PBOC-led initiative aims to standardise access for overseas e-wallets, with nearly 2 million transactions processed in its initial phase.

Fintech / Regtech

NPCI Proposes to Allow UPI Cash Withdrawals via Business Correspondents

By Nithya Subramanian | 18/09/2025

The NPCI is seeking RBI approval to allow customers to withdraw up to INR 10,000 per transaction, widening access to cash services.

Fintech / Regtech

FSC Korea Rejects All Bids for Fourth Internet Bank Licence

By Manesh Samtani | 18/09/2025

The FSC found all four applicants unsuitable for preliminary approval, citing weak capitalisation, unclear shareholder structures, and inadequate funding plans.

Fintech / Regtech

Korea-Japan Bank Consortium Completes Stablecoin Trial

By Manesh Samtani | 18/09/2025

A proof-of-concept remittance project found stablecoins cut costs, but highlighted South Korea's lack of a clear regulatory framework.