Fintech / Regtech

Fintech / Regtech

BNM Proposes New Licensing Framework For Digital Insurers

By Sanday Chongo Kabange | 05/01/2022

Digital insurers and takaful operators should have a minimum paid-up capital of MYR 40 million during the foundational phase.

Fintech / Regtech

China Releases CBDC Wallet on Mobile App Stores

By Editors | 05/01/2022

The app is available in 12 cities and regions as well as the host cities for the Winter Olympics. Until now the app has only been available for download via private links.

Fintech / Regtech

South Korean Financial Institutions Launch ‘MyData’ Services

By Sanday Chongo Kabange | 05/01/2022

On Wednesday, 33 firms started offering MyData services, enabling consumers to centralise management of their data from different institutions.

Fintech / Regtech

IndusInd Bank, NPCI Partner on UPI-based Cross Border Payments

By Editors | 03/01/2022

Initially, real-time remittances from Thailand to India will be enabled via DeeMoney, a Thailand-based money transfer operator and partner of IndusInd Bank.

Fintech / Regtech

Tokyo Bourse Tests Earnings Report Disclosure in HTML Format

By Editors | 03/01/2022

HTML will make text conversion, mechanical processing, and Japanese-to-English translation of the disclosed information easier compared to PDF, the TSE said.

ESG / Sustainability

Malaysia, Thailand Launch Phase 2 of QR Payments Linkage

By Editors | 02/01/2022

Cross-border instant QR payments are now available for travellers between Malaysia and Thailand, including for online e-commerce transactions.

AML / KYC

Taiwan FSC Issues New Data Sharing Guidelines for FIs

By Editors | 02/01/2022

Data may be shared between FIs, subject to consent, if it can enhance customer convenience, improve operations, or facilitate cooperative business arrangements or partnerships.

Fintech / Regtech

BOT to Delay Testing of Retail CBDC to Late 2022

By Editors | 30/12/2021

After discussions with relevant parties and careful consideration, Thailand will proceed slowly, said BOT deputy director Kasidit Tansanguan.

Fintech / Regtech

Bank Indonesia Launches New Fast Payments System, BI-Fast

By Sanday Chongo Kabange | 24/12/2021

BI-Fast lowers the interbank transfer fee, set at IDR 2,500 (USD 0.18) per transaction, down from the usual IDR 6,500 fee for interbank transfers. 21 banks have so far enrolled on BI-Fast.