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Fintech / Regtech
PBOC to Construct New Infrastructure in Big Data Hub
By Lucy Zhang | 24/08/2020
The new high-security data centre will be built in Guian New Area and become a key component of the PBOC’s new financial infrastructure.
Crypto / Digital Assets
Malaysia, Indonesia Regulators Sign Fintech Cooperation Pact
By Sanday Chongo Kabange | 24/08/2020
The agreement aims to facilitate information sharing, provide joint innovation opportunities, and facilitate cross-border referrals of fintech businesses.
Fintech / Regtech
Hong Kong AoF Publishes Report on AI Adoption in Banking
By Editors | 23/08/2020
The report provides insights about the risk management frameworks and overarching supervisory principles banks use when adopting artificial intelligence.
AML / KYC
SFC Grants In-principle Approval to Virtual Asset Trading Platform
By Editors | 23/08/2020
Once conditions for final approval are satisfied, OSL will be able allowed to operate a brokerage and automated trading service for digital assets.
AML / KYC
ISO Sets Standard for Embedding LEIs in Digital Certificates
By Editors | 22/08/2020
Simplified LEI integration paves the way for all digital certificates to be linked by a universal identifier and reduces the resource burden on certificate issuers.
Fintech / Regtech
BSP Takes Consumer Complaints Chatbot Live
By Sanday Chongo Kabange | 20/08/2020
The trilingual automated chatbot can handle queries and complaints from consumers sent through chat via the BSP website, SMS, or Facebook messenger.
Fintech / Regtech
CSRC Drafts Rules on Third-party Platforms Use by Securities Firms
By Lucy Zhang | 19/08/2020
The rules require brokerage firms to guarantee technical and data security when using third-party platforms to conduct securities business activities.
AML / KYC
Risk and Reward: AI Enables Active Financial Crime Risk Assessment
By Daniel Banes | 18/08/2020
Adverse media is openly available, continually updated, and provides a wealth of information, but it remains underused in financial crime risk assessments, writes Daniel Banes.
AML / KYC
Singapore Crypto Association Publishes Industry Code of Practice
By Editors | 17/08/2020
The code is accompanied by a practice guide providing regulatory guidance to facilitate payment services licence applications in Singapore.
Enforcement
China’s P2P Crackdown Leaves Just 29 Operators in Business
By Manesh Samtani | 17/08/2020
Savers who invested in the thousands of now-defunct P2P platforms over the last several years have not yet managed to recover their funds.
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