All posts tagged "Fintech"
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343Fintech / RegtechRBI Issues Enabling Framework for Regulatory Sandbox
The RBI has set a minimum net worth criteria of $35,000 for sandbox participants, half the amount specified in April’s draft.
August 14, 2019 -
399Fintech / RegtechMAS Launches Faster Option Sandbox Testing
Sandbox Express entails an approval process of just 21 days before firms can start testing innovative financial products and services in a pre-determined environment.
August 8, 2019 -
169Australia & NZASIC Event Features Regtech Use for Monitoring Financial Promotions
ASIC's 'Regtech Monitoring Financial Promotions' symposium was the first in what will be a series of sessions aimed at working with the industry to solve compliance challenges with technology.
August 6, 2019 -
323Asia-PacificIndonesia to Ease Rules on Bank Mergers, Including for Foreign FIs
The rules currently require acquiring banks to merge all their local operations into a single entity, but this has proved unpopular among foreign lenders seeking to expand Indonesia operations.
August 6, 2019 -
392Fintech / RegtechJapan: Security Failures Force New Payments Service to Shut
The security breach saw more than 38mn yen stolen from more than 800 accounts in the days after the July launch of a new mobile payment service for convenience stores.
August 6, 2019 -
270Australia & NZAustralia Passes Consumer Data Right Legislation
The passage of the Consumer Data Right legislation clears the way for open banking to start in Australia in February 2020.
August 2, 2019 -
349Fintech / RegtechTSE Seeks ‘Data Sandbox’ Partners to Support Innovation
The Tokyo Stock Exchange is looking to startups, data providers and so-called 'innovation partners' to help create new services for the securities sector.
August 2, 2019 -
482Australia & NZRBA Policy Shift Opens Australian Payments Market to Tech Firms
An RBA policy update will make it easier for fintechs – and so-called BigTechs – to enter Australia's payments system without having to obtain a banking licence.
July 31, 2019 -
747Fintech / RegtechSFA, AFIN Agree to Jointly Promote Fintech Marketplace APIX
The Singapore Fintech Association will leverage its network to promote the APIX platform to fintech firms worldwide, while AFIN connects banks with fintechs through the platform.
July 24, 2019 -
2.2KAML / KYCThe Rise of Digital Banks in Asia Raises Compliance Questions
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.
July 16, 2019
