Fintech / Regtech

After years of scrutiny of banking relationships, regulators are now turning their attention to other stores of value, according to Accuity CEO Hugh Jones.

Head of Financial Supervisory Commission says to produce feasibility study this year; visit South Korea and Japan to investigate internet-only banking concept.

Exchange says risk assessments found more than 100 issues of concern but no major threats; to use big data, text mining to improve risk management.

Parliamentary submission suggests reforms allowing ASIC to assume identities on the dark web, share phone data with foreign regulators, seize electronic devices.

Nationwide survey reveals USD 3.5 billion in cryptocurrency transactions over 17-months; banks suspend services to exchanges to deter 'suspicious transactions'.

China's central bank has ordered banks and payment providers to boost investigation and monitoring to detect and shut down accounts linked to cryptocurrency trading.

US regulator cited concerns around valuation and liquidity, among other issues; but comments made in rejection letter open path to eventual approval.

PBOC notice says e-KYC can help better serve real economy; SME account applications should be audited within two days of receipt.

Ripple chief says technology can speed up cross-border transactions from days to second, save banks trillions in collateral held against settlement risks.

Consultation suggests it could take just six months for banks to develop APIs including their product and service information.