Fintech / Regtech

Korea’s FSS to Impose "Severe Penalties" on Payment Firms Linked to Fraud

By Nithya Subramanian | 24/07/2025

Criminal investigations are underway after the FSS uncovered illegal activities at several payment gateway firms, including laundering of phishing funds and fraudulent loans.

Securities / Derivatives

KRX to Monitor Social Media and Online Forums

By Nithya Subramanian | 24/07/2025

New market surveillance rules taking effect this month will curb unfair trading based on undisclosed information.

Securities / Derivatives

Industry Majors Release Draft Framework for Public Blockchain Risk

By Manesh Samtani | 24/07/2025

A coalition including DTCC, Euroclear and major banks has launched a framework to help regulated firms manage non-financial risks on public blockchains.

Securities / Derivatives

Indonesia’s OJK Issues Rules on Internal Controls for Securities Firms

By Nithya Subramanian | 24/07/2025

The rules outline stricter requirements for underwriters, brokers, and regional securities firms, focusing on due diligence and IT governance.

Fintech / Regtech

Cyber Breaches at Top Indonesian Brokerages Prompt Industry Response

By Mark Johnston | 23/07/2025

Attackers exploited API vulnerabilities at two prominent securities firms in Indonesia. One of the firms reported losses totalling USD 12.3 million.

Fintech / Regtech

Malaysia Plans Law to Mandate MyDigital ID Amid Low Uptake

By Nithya Subramanian | 23/07/2025

The legislation is expected to boost uptake beyond the current 2.8 million users and restore public confidence in the platform.

Fintech / Regtech

New Zealand Slashes Interchange Fees for Visa and Mastercard

By Manesh Samtani | 23/07/2025

Commerce Commission finalises caps on card payment fees, aiming to save businesses NZD 100m annually amid concerns over high costs.

Enforcement

HKMA Fines Four FIs HKD 17.8M for AML and CDD Failures

By Sanday Chongo Kabange | 23/07/2025

The HKMA has penalised three banks and a stored value facility licensee for AML/CFT control deficiencies.

Fintech / Regtech

Indian Banks Urged to Accelerate ISO 20022 Migration Efforts to Avoid Disruption

By Mark Johnston | 23/07/2025

The IBA has warned bank CEOs of serious operational risks if migration to the SWIFT ISO 20022 messaging standard is further delayed.

Fintech / Regtech

Vietnam Officially Recognises E-Wallets as Standalone Payment Method

By Nithya Subramanian | 23/07/2025

Effective 1 July, e-wallets have been officially recognised as a valid form of payment, on par with bank accounts, cards, and cash.

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