Open banking, digital banking, cloud-based infrastructure and RegTech are the key drivers of technology-led change in the Australian banking sector, according to S&P Global Ratings.
The HKMA encourages authorised institutions to adopt the PCPD's Ethical Accountability Framework in the development of fintech products and services.
As tax reporting requirements grow increasingly complex, automation is making compliance cheaper, quicker and more efficient, says a new report from Regulation Asia and BearingPoint.
Nine new fintech firms have been approved to enter the FSC's regulatory sandbox, bringing the total number of participating firms to 18.
MAS and the Bank of Canada linked up experimental payment networks despite their being built on two different DLT platforms.
Following the collapse of P2P platform Tuandai.com in March, Chinese authorities have arrested 41 people connected to the platform, including its owners.
Eight out of 44 applicant firms have passed an initial screening by GFIN members, and will now develop testing plans for regulators to consider and approve.
China's foreign exchange regulator has developed an open blockchain platform to help address the inefficiencies of cross-border trade finance.
KT Corporation was planning to up its stake in the internet-only bank to 34%, but the FSC put its review process on hold amid an FTC antitrust probe.
The FSA reportedly wants to ensure appropriate measures have been implemented for customer protection and legal compliance after recent management changes.