Fintech / Regtech

Fintech / Regtech

Hong Kong’s Fintech Sandbox Risks Alienating Innovators

By Manesh Samtani | 28/02/2018

HKMA financial technology sandbox needs to evolve to maximise value for all concerned, a new study suggests.

Fintech / Regtech

New Zealand Opens Up Robo-Advisory Market

By Manesh Samtani | 26/02/2018

Applicants will need to demonstrate capability and competency to provide robo-advice while ensuring consumer protection.

AML / KYC

New KYC Norms a Turn-off for India’s Mobile Wallet Users

By Garima Chitkara | 22/02/2018

Less than half of wallet consumers opted to be KYC-compliant before the 28 February deadline; new KYC norms will force telecom firms to verify customer data using third-parties, taking away their current advantage over other payment firms.

Crypto / Digital Assets

S.Korea to ‘Encourage’ Banks to Deal with Crypto Exchanges

By Manesh Samtani | 22/02/2018

FSS governor says government will support ‘normalised trading’ of cryptocurrencies, requiring interaction of banks and crypto exchanges.

Crypto / Digital Assets

Japan FSA to Empower Self Regulatory Body for Cryptocurrency

By Manesh Samtani | 19/02/2018

Self regulatory organisation will create rules and set penalties for breaches of self-imposed rules.

Crypto / Digital Assets

S. Korea Explores NY-style ‘Bitlicense’ for Cryptocurrency

By Manesh Samtani | 14/02/2018

The plan could include minimum capital and financial reporting requirements to qualify for a cryptocurrency exchange license.

Crypto / Digital Assets

Thailand Banks Banned from Cryptocurrency Activities

By Manesh Samtani | 14/02/2018

Banks prohibited from trading, advising on, and creating platforms for cryptocurrency.

Fintech / Regtech

Australia Launches Real Time Payments Platform

By Manesh Samtani | 14/02/2018

New Payments Platform enables instant transfers between accounts at different financial institutions, at “any time of day, any day of the year.”

Big Picture

Too Early to Assess Fintech Risks – DTCC

By Samuel Riding | 14/02/2018

Firm suggests fintech adoption has clear benefits, but the systemic risks from increased adoption have yet to fully emerge.