Other Asia Pacific

AML / KYC

The Rise of Digital Banks in Asia Raises Compliance Questions

By Claus Christensen | 16/07/2019

The entrance of FinTech and BigTech firms into banking is forcing incumbents to adapt, but it should not come at a cost to compliance obligations, writes Claus Christensen at Know Your Customer Ltd.

Fintech / Regtech

Philippines SEC Approves Crowdfunding Rules

By Editors | 10/07/2019

The Philippines SEC has issued rules governing the operation and use of equity- and lending-based crowdfunding to help smaller firms access financing.

Market Infrastructure

Philippine SEC Drafts Framework for Cross-border Publication of Research

By Editors | 08/07/2019

Under the draft framework, capital market professionals authorised by the SEC can issue research reports in ASEAN countries that are MoU signatories: Malaysia, Singapore and Thailand.

Securities / Derivatives

Vietnam Launches Covered Warrants, Govt Bond Futures

By Editors | 04/07/2019

The Ho Chi Minh City Stock Exchange has launched trading in covered warrants; the Hanoi Stock Exchange has launched a new government bond futures contract.

Fintech / Regtech

Singapore, Indonesia to Launch Cross Border QR Payments

By Editors | 27/06/2019

Singapore’s Liquid Group and Indonesia’s CIMB Niaga have established a partnership to accelerate adoption of cross border QR payments.

Market Infrastructure

Bangladesh: Three Private Banks Hit by Cyber Attacks

By Editors | 25/06/2019

Hackers stole $3m from Dutch-Bangla Bank using cloned credit cards and cash machines in Cyprus, Russia and Ukraine.

Fintech / Regtech

Cambodia Selects Three Banks to Pilot QR Code System

By Editors | 21/06/2019

The QR code system developed by Siam Commercial Bank will enable cross border payments between Cambodia and Thailand using local currencies.

Big Picture

Non Bank Payment Providers Raise Compliance Costs: LexisNexis

By Editors | 20/06/2019

High labour costs in the AML function are partly driven by the growth of non-bank payment providers, which increase complexity and reduce transparency in the transaction chain.

Securities / Derivatives

Vietnam Government Bond Futures Set for 4 July Launch

By Editors | 20/06/2019

Government bond futures will be the second derivatives market product launched by the Hanoi Stock Exchange since it started index futures in August 2017.