Fintech / Regtech

Fintech / Regtech

Australia Proposes Licensing Framework for Payment Services

By Manesh Samtani | 09/12/2023

Payment service providers would need to be licensed by ASIC, and in some cases, APRA. The ePayments Code will also be updated and made mandatory.

Crypto / Digital Assets

Singapore, China Announce New Bilateral Cooperation Agreements

By Manesh Samtani | 08/12/2023

The agreements include a cross-border e-CNY pilot, a possible PayNow-UnionPay linkage, and an MoU between SGX and GFEX.

Fintech / Regtech

Australia Passes Identity Verification Bill to Boost Privacy and Security

By Mark Johnston | 08/12/2023

The new legislation will require identity verification services to adhere to privacy and security standards and report breaches to the OAIC.

AML / KYC

Indonesia, UAE Central Banks Agree to Expand Cooperation

By Editors | 08/12/2023

BI and CBUAE will strengthen cooperation in areas including monetary policy, financial stability, payments, AML/CFT, and Islamic finance.

Market Infrastructure

HSBC Trials Quantum Protection for AI-powered FX Trading

By Sanday Chongo Kabange | 07/12/2023

HSBC is using its own AI-powered tool to safeguard trades of any value from quantum attacks and other cyber risks.

Fintech / Regtech

Australian Treasury Releases New Enterprise Data Strategy

By Mark Johnston | 07/12/2023

The strategy outlines four key themes and actions to leverage data for timely, informed and influential policy advice.

AML / KYC

MAS Consults on Scope of Customers Relevant to COSMIC

By Manesh Samtani | 07/12/2023

Any person who requests the bank in Singapore to carry out a transaction would be in scope, whether or not an account has been opened or the transaction is carried out.

Fintech / Regtech

China Issues Operational Risk Guidelines for Securities Industry

By Manesh Samtani | 06/12/2023

Any major operational risk event that occurs must be reported to the SAC on the same day, along with related impacts and response measures.

Fintech / Regtech

Singapore Launches New National AI Strategy

By Editors | 06/12/2023

Singapore will collaborate with industry AI product development teams, create focused AI training programmes, and accept AI talent from around the world.