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Data Privacy
RBI Lifts Diners Club Restrictions Citing ‘Satisfactory Compliance’
By Editors | 14/11/2021
Restrictions prohibiting Diners Club from onboarding new domestic customers have been lifted. Similar restrictions are still in place for Amex and Mastercard.
Cybersecurity
India’s CDSL Exposes Data from 44 Million Investors – Reports
By Ranamita Chakraborty | 13/11/2021
Information security consultant CyberX9 said CDSL took seven days to fix the initial vulnerability when it could have been fixed within two hours.
Payments & Settlements
Sri Lanka Rolls Out National QR Payments Solution
By Ranamita Chakraborty | 13/11/2021
LANKAQR targets SMEs and customers will not be charged for payments made by scanning a QR code with their mobile device.
Payments & Settlements
Singapore, UAE Conclude Digital Trade Financing Pilot
By Editors | 12/11/2021
The pilot enabled trading counterparties and transacting banks to digitally validate and exchange trade documents in real-time.
Data Privacy
Australia to Strengthen Privacy Regime Through New Legislation
By Sanday Chongo Kabange | 11/11/2021
The draft bill will introduce tougher penalties and enforcement powers to enable the OAIC to resolve matters more effectively and efficiently.
Anti-Money Laundering
Indonesia, UAE to Cooperate on Payments, Fintech, AML
By Editors | 11/11/2021
Central banks will cooperate on cross-border payments, fintech, and AML. Financial services regulators will cooperate on developing the Islamic finance industry.
Anti-Money Laundering
What Future AML Compliance Requires: A Technology Perspective
By Amber Qin | 10/11/2021
Intelligent AML solutions need to achieve a fine balance between compliance, transparency, effectiveness, and efficiency, say Amber Qin and Sophia Wu from Ant Group.
DeFi & Web3
MAS to Launch Decentralised Credentials Platform for Fintechs
By Mark Johnston | 09/11/2021
MAS is launching a decentralised platform that will help banks assess the credentials, compliance readiness and credibility of fintech firms.
Trading & Investment
JPX Introduces New Education Tool for Retail Investors
By Sanday Chongo Kabange | 09/11/2021
The J-Quants project is aimed at providing a platform to help individuals learn about data-driven portfolio analysis and investment methods
Cloud & Infrastructure
MAS Unveils Planned Enhancements to Fintech Regulatory Sandbox
By Sanday Chongo Kabange | 09/11/2021
From 1 January 2022, ‘Sandbox Plus’ will be introduced to provide more effective one-stop assistance to innovative fintech firms.
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