Fintech / Regtech

Korea, Indonesia Sign Cross-border Payments MoU

By Editors | 16/07/2024

The MOU will support the implementation of cheaper, faster, more inclusive, and more transparent cross-border payments between the two countries.

Crypto / Digital Assets

World Bank Paper Explores Interoperability Between CBDC and FPS

By Editors | 16/07/2024

The paper says internal experimentation demonstrated how CBDC systems could interoperate with retail payment systems through an interlinking bridge.

Fintech / Regtech

New York DFS Issues Rules Governing AI for Insurers

By Nithya Subramanian | 15/07/2024

The guidance ensures that implementation of AI in insurance does not perpetuate systemic biases that result in unfair discrimination, while providing market stability.

AML / KYC

AUSTRAC to Deliver New Reporting Platform in “Coming Months”

By Editors | 15/07/2024

AUSTRAC said in 2021 that it would be replacing its reporting system. The final stage of features will be delivered in the “coming months”.

Fintech / Regtech

Bangladesh Bank Issues Rules for Digital Payments Platform

By Ajoy K Das | 11/07/2024

The platform supports the use of virtual IDs to protect entities from crimes such as identity theft, extortion and fraud.

Market Infrastructure

BCBS Consults on Principles for Managing Third-Party Risk

By Editors | 10/07/2024

The BCBS offers 12 high-level principles on the effective management and supervision of risks arising from third-party arrangements.

Market Infrastructure

BIS to Explore Approaches for Monitoring Supply Chain Shocks

By Editors | 10/07/2024

BIS will use granular data, analytics and AI to improve monitoring of global supply chains and better assess their economic and financial impacts.

Fintech / Regtech

Navigating Hong Kong PCPD’s Model AI Framework

By Albert Yuen | 09/07/2024

Albert Yuen and Jasmine Yung at Linklaters discuss the Model AI Framework and its implications for the financial services sector.

Fintech / Regtech

BNM Finalises Licensing Framework for Digital Insurers

By Editors | 09/07/2024

BNM will no longer limit the number of licences to five. Applications will be accepted throughout 2025 and 2026.

Fintech / Regtech

SFC to Introduce New Investment Product Authorisation Platform

By Sanday Chongo Kabange | 09/07/2024

The new e-IP system will allow users to digitally submit new product applications and post-authorisation or registration submissions.

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