FINTECH / REGTECH

Fintech / Regtech

Hong Kong’s FSDC Calls for Adoption of Digital ID System

By Sanday Chongo Kabange | 29/06/2024

The FSDC report recommends establishing a trust framework for the digital ID ecosystem and enabling interoperability through improved legal measures.

Crypto / Digital Assets

HKMA, BDF To Collaborate on Cross-border CBDC Experiments

By Sanday Chongo Kabange | 28/06/2024

The HKMA and BDF will collaborate on cross-border transfers and settlement of tokenised assets.

Crypto / Digital Assets

MAS Expands Project Guardian Initiatives to Scale Asset Tokenisation

By Nithya Subramanian | 28/06/2024

The financial regulator has also released a whitepaper on the design principles, objectives, considerations and potential uses of Global Layer One Initiative.

Big Picture

BIS Urges Central Banks to Keep Pace with AI

By Nithya Subramanian | 27/06/2024

In the financial sector, AI can improve efficiencies and lower costs for payments, lending, insurance and asset management, the BIS said.

Fintech / Regtech

ASIC Issues Guidance on Communications Surveillance

By Editors | 26/06/2024

A new information sheet calls for market intermediaries to ensure effective monitoring and supervision of business communications.

Fintech / Regtech

BSP Delays Implementation of New Data Collection System

By Sanday Chongo Kabange | 26/06/2024

The implementation of BSP’s new ITRS has been deferred to 2025 to allow banks to address “emerging technical and report-related concerns”.

Crypto / Digital Assets

Hong Kong FIs Keen on DeFi and Metaverse: AoF Reports

By Sanday Chongo Kabange | 26/06/2024

HKMA said FIs are interested in exploring opportunities brought by DeFi and metaverse as they expand involvement in virtual assets.

Crypto / Digital Assets

UDPN Launches New Digital Currency Management Systems

By Manesh Samtani | 26/06/2024

One system was launched for commercial banks and regulated stablecoin issuers, and another to help FIs manage real-world asset tokenisation.

AML / KYC

New Industry Anti-fraud Platfom in Taiwan Yields Results: FSC

By Mark Johnston | 25/06/2024

The platform, established to prevent unathorised bank transfers, identified 136 suspicious accounts in the first month of operation.