Fintech / Regtech

US Regulators to Jointly Adopt Common Data Standards

By Editors | 06/08/2024

The Federal Reserve, SEC, CFTC and six other agencies will adopt common identifiers including the LEI and UPI.

Capital / Liquidity

RBI Proposes Regulatory Principles for Managing Credit Models

By Ajoy K Das | 06/08/2024

Lenders using models from third parties have to ensure the contractual arrangements allow supervisory evaluations of the models by the RBI.

ESG / Sustainability

IFRS Foundation Issues Guidance on Digital Financial Reporting

By Ranamita Chakraborty | 06/08/2024

IFRS Foundation provides guidance to regulators on implementing digital taxonomies for digital financial reporting.

AML / KYC

MAS Consults on Suspension of Certain China Remittance Channels

By Nithya Subramanian | 06/08/2024

MAS proposes to continue with the suspension announced last December and to expand its scope to include legal entities.

Securities / Derivatives

SEBI to Overhaul Approval Process for IPOs Using AI

By Ajoy K Das | 06/08/2024

A “template fill-in-the-blank IPO document” will be introduced and AI-based tools will be used to review the documents.

Fintech / Regtech

Bank Indonesia Issues Five-Year Payment System Blueprint

By Editors | 06/08/2024

Bank Indonesia Governor Perry Wariyo said the plan to issue digital rupiah has entered the final stages.

Fintech / Regtech

PBOC, HKMA Sign Cooperation Framework for Payments Linkage

By Editors | 04/08/2024

The cooperation framework will enable the Chinese and Hong Kong authorities to link their fast payment systems.

Fintech / Regtech

MAS Paper Warns FIs of Cyber Risks Arising from GenAI

By Ranamita Chakraborty | 04/08/2024

The paper focuses on deepfakes, GenAI-enabled phishing, AI-powered malware, data leakage and output manipulation.

Fintech / Regtech

RBI Proposes New Framework on Digital Payments Authentication

By Ajoy K Das | 04/08/2024

The draft framework would require all digital payment transactions to be authenticated with AFA unless otherwise exempted.

Fintech / Regtech

RBI Issues Draft Rules for Aadhar-enabled Payment Systems

By Ajoy K Das | 03/08/2024

The draft rules focus on onboarding and ongoing due diligence of AePS touchpoint operators to prevent fraud.

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