Cloud & Infrastructure

Cloud & Infrastructure

China to Fully Digitalise Bank Confirmation Letter Issuance

By Editors | 16/01/2023

Banks are directed to allow accounting firms to use digital platforms to request and receive confirmation letters for use in audits.

Structural Regulation

Thailand Proposes Licensing Framework for Virtual Banks

By Sanday Chongo Kabange | 13/01/2023

Foreign shareholders can own up to 25% of a virtual bank. A BOT waiver raises this to a 49% limit. Three licences will be granted next year.

Sustainable Finance

Thai SEC Signs New Financial Services MoU with UK

By Editors | 11/01/2023

The MoU will focus on developing the FinTech sector, promoting sustainable finance, and increasing awareness of sustainable investment in Thailand and other ASEAN countries.

Payments & Settlements

PayNow-UPI Linkage is Ready for Launch: MAS Official

By Editors | 11/01/2023

MAS chief fintech officer Sopnendu Mohanty said the integration of the two payment networks is “ready and waiting for launch”.

KYC & CDD

Banks Can Perform Re-KYC Process Remotely, Says RBI

By Editors | 10/01/2023

If there is no change in a customer’s KYC information, only a self-declaration is required to complete the re-KYC process.

Cybersecurity

Hong Kong’s Regulatory Landscape for Data and Technology Risk

By Albert Yuen | 09/01/2023

Albert Yuen and Jasmine Yung at Linklaters discuss Hong Kong’s regulatory approach to technology risk and data security.

Cybersecurity

Korea FSC to Revise Rules to Mitigate IT Security Risks

By Manesh Samtani | 02/01/2023

On-site inspection will be initiated “immediately” in the event that financial services are interrupted for more than three hours due to a computer accident.

CBDCs

Boston Fed, MIT Conclude CBDC Research Project

By Editors | 02/01/2023

Project Hamilton focused on better understanding the capabilities and limitations of different technologies that might be used to manage and transfer CBDCs.

Cloud & Infrastructure

InvestHK Launches Platform to Promote Fintech Development

By Editors | 30/12/2022

The ‘FintechHK Community Platform’ allows users from fintechs, corporates, investors, and service providers to connect with one another.