Fintech / Regtech

Fintech / Regtech

Thailand Banks on Blockchain

By Manesh Samtani | 22/03/2018

Central bank plans adoption of blockchain for interbank settlements, bond issuance; leading banks launch joint initiative on blockchain based letters of credit.

Fintech / Regtech

S.Korea Moves to Support Fintech Through Sandbox Approach

By Manesh Samtani | 22/03/2018

FSC to exempt approved fintechs from regulations, encourage the use of such new technologies including blockchain.

Fintech / Regtech

Indonesian State-owned Lender to Introduce Biometric Security

By Editors | 21/03/2018

System, which is awaiting approval from financial service authority, will require either fingerprint or retina scanning.

Crypto / Digital Assets

South Korean Crypto Exchanges Raided in Embezzlement Probe

By Manesh Samtani | 20/03/2018

Staff and executives at three exchanges allegedly siphoned customer deposits to buy cryptocurrency on other platforms.

Fintech / Regtech

CBRC Wants Banks to Up Their Data Game

By Samuel Riding | 19/03/2018

Regulator says it has observed data governance regimes in other jurisdictions; says Chinese lenders’ data can be inaccurate, insufficiently comprehensive, and outdated.

AML / KYC

Money 20/20: MAS Speaks Out on Crypto Risks, Blockchain

By Manesh Samtani | 17/03/2018

In a speech at Money 20/20 Asia, MAS managing director Ravi Menon spoke about the promise of blockchain technology and containing cryptocurrency risks; AML/CTF risks present a “clear and present danger”.

Fintech / Regtech

MAS to Streamline Data Submissions, Reduce Burden for FIs

By Editors | 16/03/2018

Financial institutions will be allowed to decline MAS requests for previously-submitted data; new regulatory returns to be submitted in machine-readable formats.

Fintech / Regtech

Japan to Push G20 for Global AML Rules for Cryptcurrency

By Manesh Samtani | 14/03/2018

Japan to urge G20 leaders to close money laundering loopholes that exist due to weak regulation in some jurisdictions, without stifling innovation.

Fintech / Regtech

BIS, CPMI Report Outlines Dangers of Central Bank Digital Currencies

By Manesh Samtani | 14/03/2018

Central bank-issued digital currencies can enhance payments, settlement, efficiency; but financial stability implications warrant consideration.