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Payments & Settlements
MAS Extends Deadline to Implement E-payments User Protection Guidelines
By Editors | 01/02/2019
The MAS is allowing an extra six months for compliance with its e-payments user protection guidelines, following requests from banks for more time to implement system changes.
Data Privacy
EU-Japan Data Sharing Agreement Takes Effect
By Editors | 29/01/2019
The EU adequacy decision on Japan creates the world’s largest area of safe data flows and serves as an example for future partnerships and global standard setting.
Anti-Money Laundering
China to Strengthen Compliance Management at Overseas Bank Branches
By Editors | 24/01/2019
CBIRC guidelines require Chinese banks to strengthen compliance management at overseas branches in relation to AML/CTF, tax evasion, sanctions, consumer protection and cybersecurity.
Payments & Settlements
Australia Consults on Strategic Vision for Payments Sector
By Editors | 23/01/2019
The Australian Payments Council is inviting comments to review it 2015 Australian Payments Plan aimed at supporting digital payments.
Cloud & Infrastructure
Nine Associations Join Forces to Launch ‘Asia-Pacific FinTech Network’
By Editors | 17/01/2019
Launched at the Asian Financial Forum in Hong Kong, the new network aims to boost regional collaboration and cross-border innovation.
Cloud & Infrastructure
S. Korea FSC Announces Fintech Policy Direction for 2019
By Editors | 17/01/2019
More than 200 regulations under review to reduce barriers to fintech investment; Regulatory sandbox set for April launch.
Cloud & Infrastructure
Hong Kong Gets First API Exchange Platform in Open Banking Push
By Manesh Samtani | 17/01/2019
JETCO launches the city’s first Open API exchange; New Accenture survey indicates willingness of Hong Kong consumers to share personal financial information with third parties.
Payments & Settlements
Singapore Parliament Passes Payment Services Act
By Editors | 15/01/2019
The law represents a framework to streamline payment services regulation in Singapore under a single legislation and bring payment activities under the remit of the MAS.
Data Privacy
India to Force Foreign Brokers to Store Data Locally
By Editors | 15/01/2019
SEBI plans to mandate that data on Indian customers be stored on local servers, or for a real-time backup to be created to enable access from within the country.
KYC & CDD
China’s Rules for Blockchain to Take Effect in February
By Manesh Samtani | 15/01/2019
Companies will be required to verify user data based on national IDs and phone numbers, effectively removing the anonymity of blockchainin the country.
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