Cloud & Infrastructure

Structural Regulation

Malaysia Seeks Licensing Regime for Virtual Banks by Year-End

By Editors | 29/03/2019

Though discussions are still in the preliminary stages, Malaysia’s central bank is looking to publish its requirements for virtual bank licences by the end of the year.

AI Risk & Governance

Banks Not Using Latest RegTech Solutions Must Explain Why – ASIC

By Editors | 29/03/2019

ASIC reportedly plans to force banks to explain why they aren’t using the latest technology to improve regulatory compliance, including systems offered by regtech startups.

Structural Regulation

HKMA Approves Three Virtual Banks, Five More Being Considered

By Editors | 27/03/2019

The three newly licenced virtual banks are joint ventures involving BOCHK, JD Digits, Jardines, Standard Chartered, HKT, PCCW, Ctrip, ZhongAn Online and Sinolink.

Cloud & Infrastructure

Singapore, Australia Fintech Bodies Agree to Collaborate

By Editors | 26/03/2019

FinTech Australia and the Singapore Fintech Association have agreed to collaborate on fintech initiatives across ASEAN and Australia. The MoU was signed at Money20/20 in Singapore last week.

Cloud & Infrastructure

RBI to Issue Regulatory Sandbox Guidelines Within 2 Months

By Editors | 26/03/2019

The RBI will set up a regulatory sandbox and create an ecosystem which promotes collaboration in fintech, central bank governor Shaktikanta Das said on Monday.

Data Privacy

Data Localisation Policies Impair Provision of Financial Services – GFMA

By Manesh Samtani | 25/03/2019

The GFMA urges policymakers to develop alternatives to data localisation policies that ensure data protection while still supporting the financial services sector and the end-users it serves.

Cloud & Infrastructure

GFMA, PwC Identify Technology Challenges for Investment Banks

By Manesh Samtani | 22/03/2019

A new report from the GFMA and PwC says third-party providers could pose a challenge to banks’ core offerings if banks are not keeping pace with innovation.

Cloud & Infrastructure

Philippines Fintech Push Makes it a Compelling Market to Watch

By Philip Keller | 19/03/2019

Industry veteran Philip Keller explores the approach taken by regulators in the Philippines to encourage fintech innovation and financial sector digitalisation.

Cloud & Infrastructure

APRA, AUSTRAC to Engage Regtechs on Solution Development

By Editors | 08/03/2019

APRA and AUSTRAC plan to directly engage and share information with regtech firms to aid in their development of solutions that can help regulated entities comply with reporting obligations.