Fintech / Regtech

Fintech / Regtech

Korea Forms Consultative Body to Tackle Digital Finance Risks

By Sanday Chongo Kabange | 15/09/2020

With participation from industry participants, the body will seek to promote regulatory reform to promote innovation, fair competition and consumer safety in digital finance.

AML / KYC

FATF Details Virtual Asset Red Flags for Detecting Criminal Activity

By Editors | 15/09/2020

This report will help VASPs, FIs, DNFBPs, and other reporting entities detect and report suspicious transactions, and national authorities detect criminal activity.

Fintech / Regtech

BSP Launches Digital Payment Platform for Retail Transactions

By Sanday Chongo Kabange | 14/09/2020

The New Order of Payment System, or NOPS, is a secure web-based system that offering various channels through which payments can be made to the BSP.

AML / KYC

Leveraging Data & Tech in Financial Crime Compliance

By Manesh Samtani | 14/09/2020

The pandemic has been an agent for accelerated change in operational and frontline functions. Financial crime compliance teams need to get in on the act.

Fintech / Regtech

HSBC to Scrap More Fees for Hong Kong Retail Customers

By Manesh Samtani | 13/09/2020

A recent sequence of measures to shift to lower-cost, digital-first services for SME and retail customers is largely seen as a response competition from the new virtual banks.

AML / KYC

Japanese Police Probe Thefts from NTT Docomo E-money Service

By Editors | 11/09/2020

NTT Docomo reportedly did not notify many of its partner banks after similar thefts last year, a warning which may have allowed them to bolster authentication protocols.

Fintech / Regtech

Thailand Starts Issuing Govt Savings Bonds on Blockchain

By Editors | 10/09/2020

The new scripless bond platform enhances investors’ buying experience, improves operational efficiency and reduces overall cost, the BOT said.

Fintech / Regtech

Mastercard Launches Virtual Testing Environment for CBDCs

By Editors | 09/09/2020

The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers.

Fintech / Regtech

Mox Bank Launches Virtual Banking Services in Hong Kong

By Manesh Samtani | 09/09/2020

Mox Bank, backed by Standard Chartered, PCCW, HKT and Ctrip Financial, is first opening accounts for its 20,000 pre-registrants before it opens to the rest of the public.