Cloud & Infrastructure

Payments & Settlements

China Issues New Rules for Foreign Financial Networks, Information Services

By Emma Zhou | 01/08/2018

New regulations require overseas financial network and information services providers such as SWIFT to submit written reports to the PBOC.

Cloud & Infrastructure

S. Korea’s FSC Vows to Support Growth of Fintech Sector

By Mark Pufpaff | 26/07/2018

Discussions are underway concerning a revision of South Korea’s Banking Act to nurture growth within the fintech industry, including a proposal to allow non-financial firms to hold up to 50% stakes in banks, including internet-only banks.

Cryptocurrency

Shariah Fintech – A Case Study of Indonesia

By Sharifah Nursyafiqah | 25/07/2018

Better support and regulation for Shariah-compliant fintech will serve to boost the Islamic finance industry, increasing the share of Islamic banks in Indonesia’s financial services sector and ultimately making it more competitive.

Cloud & Infrastructure

Technology and Regulation: Rapidly Reforming the Funds Industry

By Leo Chen | 25/07/2018

The Asian funds industry is undergoing a period of fundamental change and challenge. This is a result of shifting investor demographics, rapid technological development, the emergence of technology firms and tightening regulation.

Cloud & Infrastructure

ASIFMA Publishes Report on Outsourcing Regulation

By Editors | 24/07/2018

The report includes nine proposed leading principles for regulation of outsourcing to help securities, futures and banking intermediaries navigate different regulatory landscapes in Asia-Pacific.

Cloud & Infrastructure

Big Four to Pilot Blockchain-based Auditing in Taiwan

By Emma Zhou | 24/07/2018

Deloitte, EY, KPMG and PwC will cooperate with a consortium of 20 banks to simplify the auditing process for public companies.

Cloud & Infrastructure

Japan FSA Reorganises to Meet Fintech Challenge

By Editors | 19/07/2018

Newly created Strategy Development and Management Bureau responsible for financial policy, fintech, cryptocurrencies, money laundering, as well as administraitive duties and inspections at financial institutions.

Cloud & Infrastructure

HKMA Lays Out Regulatory Framework for Open API

By Garima Chitkara | 19/07/2018

The HKMA is set to launch an Open API on its website to make financial data more accessible to consumers and facilitate client onboarding by banks starting 23 July; the API will begin with providing 50 sets of financial data.

Cloud & Infrastructure

Singapore, Korea Agree to Cooperate on Fintech

By Garima Chitkara | 19/07/2018

MAS and Korea’s FSC have signed an agreement to provide regulatory support to fintech firms from either country looking to expand in the other.