Fintech / Regtech

Big Picture

FSB Offers Recommendations on Regulating Global Stablecoins

By Editors | 14/04/2020

The consultative report proposes 10 high-level recommendations for jurisdictional authorities to advance consistent and effective regulation and supervision of global stablecoin arrangements.

Fintech / Regtech

‘Mox Bank’ Becomes Latest Virtual Bank to Launch HK Pilot

By Editors | 12/04/2020

‘Mox Bank’ – backed by Standard Chartered, PCCW, HKT and Trip.com – has become the third virtual bank to launch pilot services in Hong Kong.

AML / KYC

MAS, ABS Push Greater Adoption of Digital Financial Services

By Editors | 10/04/2020

The Association of Banks in Singapore, support by MAS, is offering incentives to encourage uptake and usage of peer-to-peer funds transfer service PayNow.

Fintech / Regtech

FSC Korea Moves to Support Corporate, Fintech Funding Needs

By Editors | 10/04/2020

Korea’s bond market stabilisation fund has begun operating. Additional support will come through a new bond underwriting programme, P-CBOs, and direct investment into fintechs.

AML / KYC

FSB Publishes Stage 1 Report on Enhancing Cross-Border Payments

By Editors | 09/04/2020

New technologies have the potential to facilitate fast, low cost, transparent and scalable payments, but should be accompanied by measures to address all relevant risks.

Fintech / Regtech

MAS Extends Assessment Period for Digital Bank Decisions

By Editors | 09/04/2020

Successful digital bank applicants will be informed in the second half of this year, instead of June 2020 as originally intended.

Fintech / Regtech

Korea: FSS Enhances Supervision with Artificial Intelligence

By Editors | 09/04/2020

The FSS has been applying AI to monitor insurance telemarketing, loan collections and online advertising, as well as to analyse complaints and PE fund reports.

Fintech / Regtech

MAS Unveils Support Package to Bolster Financial Sector Capabilities

By Editors | 08/04/2020

The package includes training allowances, IBF course subsidies, salary support, digital acceleration grants, and free access to API Exchange.

AML / KYC

HKMA Encourages Remote Onboarding to Manage Covid-19 Challenges

By Editors | 07/04/2020

AIs and SVF licensees are encouraged to continue the provide the public convenient account opening and access to banking and payment services.