Fintech / Regtech

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    Enforcement

    RBI Lifts Business Restrictions on Kotak Mahindra Bank

    By Nithya Subramanian | 18/02/2025

    The RBI said it is satisfied with the remedial measures Kotak Mahindra Bank has taken to address IT risk management deficiencies.

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    Crypto / Digital Assets

    Thai Government Plans Launch of First Tokenised Bonds

    By Mark Johnston | 18/02/2025

    The pilot issuance will allow retail investors to participate in trading tokenised government bonds through securities firms.

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    Crypto / Digital Assets

    Regulators Should Recognise Unique Characteristics of Stablecoins

    By Thisanka Siripala | 18/02/2025

    King’s College London paper says regulatory frameworks should recognise stablecoins as bearer instruments that operate outside traditional payment systems

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    Fintech / Regtech

    BIS Releases Details of Planned Cross-border Payments PoC

    By Manesh Samtani | 17/02/2025

    Project Rialto will link instant payment systems to a transnational network with an automated FX conversion layer for settlement in central bank money.

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    Crypto / Digital Assets

    SFC Mulls Rule Changes to Boost Virtual Asset Sector

    By Manesh Samtani | 17/02/2025

    The SFC is considering relaxing certain rules to improve liquidity in Hong Kong’s virtual asset market and enhance the city’s position as a digital asset hub.

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    Market Infrastructure

    Hong Kong’s First Critical Infrastructure Cybersecurity Law is Becoming Reality

    By Albert Yuen | 17/02/2025

    Albert Yuen and Eunice Lee at Linklaters discuss the proposed new Cyber CI Bill and its implications for critical infrastructure operators.

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    Crypto / Digital Assets

    FMA Offers Regulatory Clarity for E-Money and Payments Firms

    By Sanday Chongo Kabange | 14/02/2025

    The FMA said there is “no specific licence” for e-money institutions or payments service providers in New Zealand but a range of regulatory obligations still apply.

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    Fintech / Regtech

    NZ Inland Revenue Department Consults on Open Banking

    By Sanday Chongo Kabange | 13/02/2025

    New Zealand’s Inland Revenue Department is seeking information on open banking to develop a roadmap for potential use and adoption.

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    Fintech / Regtech

    Singapore Unveils New Initiatives to Enhance AI Governance, Safety

    By Nithya Subramanian | 13/02/2025

    Initiatives include establishing technical testing best practices for GenAI applications, collaborating with Japan on LLMs, and enhancing AI safety evaluations.

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    AML / KYC

    ABS Launches Automated Bill of Lading Verification for Banks

    By Nithya Subramanian | 13/02/2025

    The tool, developed through a collaboration between the ABS Trade Finance Registry and SGTraDex, will help banks better tackle trade finance fraud.

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