All posts tagged "P2P lending"
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195Fintech / RegtechRBI Caps Lenders’ Exposures to P2P Platform Borrowers
The RBI has set a 5mn rupee cap on the aggregate exposure a lender can have to borrowers on P2P lending platforms, and a 1mn rupee cap for lenders with a net worth under 5mn rupees.
December 28, 2019 -
372Fintech / RegtechS. Korea Establishes Legal Basis for P2P Lending Businesses
Korea has passed new legislation establishing a legal basis for the operation of P2P lending businesses and the regulatory oversight role of the FSC and FSS.
November 5, 2019 -
663ChinaTencent, 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 -
515Fintech / 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 -
492ChinaChina P2P Lenders Ordered to Share Data with Credit Bureaus
The move is part of a broader crackdown on irregular practices and risks in the P2P sector, and will provide greater protection to investors in online lending platforms.
September 6, 2019 -
881Fintech / RegtechIndia Government Panel Pushes for Fintech, Regtech Adoption
The panel has also proposed the development of a marketplace model for P2P lending, and the introduction of virtual banking in India.
September 4, 2019 -
462ChinaChina Moves to Cut Off P2P Lenders’ Payment Channels
Cutting off payment and settlement services will restrict the funds flowing in and out of P2P lenders, part of a regulatory crackdown on the sector.
September 2, 2019 -
852China
AMAC Targets Illegal Fundraising by Fund Managers
Some managers of privately-offered funds are using capital intended for specific investments on themselves or to illegally operate P2P lending businesses.
August 25, 2019 -
1.1KChinaSFC Warns FX Brokers Against Servicing Mainland Clients
Licensed corporations and their controlling entities are asked to review the legality of the services they offer, and immediately discontinue “unauthorised or illicit activities”.
June 18, 2019 -
1.1KFeatureFSB: Decentralisation Could Benefit Financial Stability
While decentralised financial technologies do pose risks, they may increase competition and diversity in the financial system and reduce existing entities’ systemic importance.
June 8, 2019
