All posts tagged "Fintech"
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74Big PicturePost Crisis Reform Implementation Has Progressed in 2019: FSB
Regulators should lead by example to promote the timely, full and consistent implementation of remaining reforms to support a level playing field and avoid regulatory arbitrage, the FSB says.
October 18, 2019 -
292Capital RegulationJapan, EU to Cooperate on Cross-border Resolution Planning
Through an exchange of letters, Japan’s FSA and the EU’s SRB have agreed to cooperate to plan for and conduct orderly cross-border resolutions of banks.
October 17, 2019 -
326AML / KYCJapan Banks Exit Forex Business Amid AML Cost Concerns
While smaller banks are exiting the foreign exchange business entirely, larger banks are raising counter service fees for overseas remittances.
October 17, 2019 -
1.0KFeatured ArticlesBeyond Data Governance: Developing a Data Culture in Asia’s FIs
To create a truly competitive advantage and achieve their commercial goals, Asia’s financial institutions need to integrate strong data culture into their data governance approaches.
October 17, 2019 -
721Contributed ArticleNavigating Regulation for Singapore’s Banking 4.0
Singapore banking sector players are tasked with finding a balance between open innovation and regulatory compliance, says Finastra's Wissam Khoury.
October 11, 2019 -
359Featured ArticlesInnovation Hubs Are More Effective Than Sandboxes
Innovation hubs provide all the benefits associated with regulatory sandboxes, while avoiding most of the downsides, says a new paper from UNSW Law.
October 10, 2019 -
656FeatureNew HKMA Chief Signals Priorities for Term Ahead
Incoming HKMA chief Eddie Yue vowed to defend Hong Kong's currency peg, promote market development opportunities, and foster a better ecosystem for fintech, regtech and suptech.
October 4, 2019 -
337Fintech / RegtechRBI Orders Banks, NBFCs to Restrict Access to Credit Data
Financial institutions in India are known to be giving fintech firms and institutional agents direct access to data from credit bureaus, without customer consent.
September 24, 2019 -
497ChinaTencent, Alibaba Refuse to Share Data to National Credit Database
Tencent Credit and Alibaba’s Sesame Credit hold more customer data than any of their online lending peers, but they are not providing the data to the national credit database.
September 20, 2019 -
402Fintech / RegtechFSC Korea to Provide Funding Support to Fintechs
FSC chairman Eun Sung-soo told fintech executives that a 300 billion won fund will be set up to invest in the sector and regulations will be eased to promote fintech development.
September 19, 2019
