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Fintech / Regtech
Korea FSS Announces Plans to Transform Supervisory Processes
By Thisanka Siripala | 19/03/2025
The digital transformation plan includes AI-based risk monitoring, a paperless regulatory framework, and a cloud-based collaboration system.

Crypto / Digital Assets
Nomura Issues Japan’s First Digital Bonds Using DVP Settlement
By Thisanka Siripala | 19/03/2025
Nomura also revealed that DCJPY was used in place of fiat currency in a PoC to test digital currency settlement for digital bonds.

Fintech / Regtech
OJK Indonesia Issues Rules for Financial Service Aggregation Providers
By Mark Johnston | 18/03/2025
Aggregation services facilitate consumers in comparing, selecting, and/or using financial products and services that match their profiles and/or needs.

Fintech / Regtech
Cambodia, Thailand Partner With UnionPay on Cross-Border Payments
By Mark Johnston | 18/03/2025
Users of Cambodia’s Bakong app can make cross-border payments by scanning UnionPay and WeChat Pay QR codes.

AML / KYC
Crypto and Fintech Are Reshaping Terrorist Financing – Report
By Nithya Subramanian | 18/03/2025
The Global Terrorism Index 2025 reveals that cryptocurrencies, AI deepfakes, and illicit gold mining are providing new revenue streams for terrorist organisations.

Fintech / Regtech
Indonesia Launches QRIS Tap for Faster, Contactless Payments
By Nithya Subramanian | 18/03/2025
The central bank initiative aims to boost financial inclusion and accelerate digital payment adoption across Indonesia.

AML / KYC
Korea Rolls Out Nationwide Mobile Resident Registration Card
By Thisanka Siripala | 18/03/2025
The initiative allows residents to access digital identification through their smartphones for use in activities such as bank account opening.

AML / KYC
Taiwan Unveils Prototype of New Digital Identity Wallet
By Mark Johnston | 18/03/2025
The digital identity wallet will enable banks and insurance firms to save time and resources verifying the identities of customers.

Fintech / Regtech
FSS Korea Meets with FinTech CEOs to Outline Supervisory Plans
By Thisanka Siripala | 18/03/2025
The meeting included executives from major fintech firms such as Kakao Pay, Toss Payments, Coupang Pay, and Naver Financial.

AML / KYC
Korea Introduces New Safeguard to Prevent Unauthorised Account Opening
By Thisanka Siripala | 17/03/2025
Consumers can apply for the ‘Non-Face-to-Face Account Opening Safe Block’ service to preemptively prevent the unauthorised creation of deposit accounts.
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