Fintech / Regtech

Fintech / Regtech

AUSTRAC Issues Update on Reporting System Enhancements

By Editors | 05/07/2022

AUSTRAC has commenced development of a new CRM platform which will enable it develop enhanced self-service capabilities in AUSTRAC Online.

Fintech / Regtech

MAS Assesses Fairness of FIs’ Use of AI/Machine Learning

By Editors | 05/07/2022

MAS conducted a thematic review on selected FIs’ implementation of Fairness Principles in their use of AI/machine learning.

Capital / Liquidity

HKMA Explores Use of Deep Learning for Credit Risk Assessment

By Editors | 04/07/2022

A trained model was able to consistently detect corporate credit deterioration at both the transaction level and aggregate level with a three-month lead time.

Fintech / Regtech

Australia Commences Roll-out of New Payments Service PayTo

By Editors | 04/07/2022

PayTo checks upfront for adequate funds in the paying customer’s account at payment initiation, reducing rejected payments and manual exception handling.

Fintech / Regtech

Thai SEC Launches Open Data Portal to Enhance Transparency

By Editors | 30/06/2022

The data centre provides information on business operators, licensed individuals, and the products available – including digital assets.

AML / KYC

Canadian Banks Collaborate on KYC Utility Project

By Editors | 30/06/2022

The five banks will collaborate with CanDeal Group to create a common data and regulatory experience for the industry.

Fintech / Regtech

Another Australian Neobank Announces Decision to Close

By Manesh Samtani | 30/06/2022

The SME-focused Judo Bank is the only neobank in Australia which continues to run independently after listing on the ASX last year.

Fintech / Regtech

JPX Launches Real-time Calculation of Key TSE Indices

By Editors | 28/06/2022

The TSE’s prime, standard and growth market indices are being calculated every 15 seconds from 27 June instead of once a day.

Fintech / Regtech

RBI Issues Draft Rules on Managing IT Outsourcing Risks

By Sanday Chongo Kabange | 28/06/2022

Regulated entities don’t require specific approvals to outsource IT services, but appropriate policies and a risk management framework must be in place.