Fintech / Regtech

Taiwan: FSC Offical Says No Need for BNPL Regulation

By Editors | 28/02/2024

FSC official said judicial and police authorities can already take action against BNPL operators that engage in illegal activities such as usury or illegal debt collection.

Fintech / Regtech

EU Council Adopts New Rules Mandating Instant Payments

By Manesh Samtani | 27/02/2024

Banks and other payment service providers will be required to offer instant payments to consumers and businesses.

AML / KYC

FATF Consults on R.16 Changes to Improve Payment Transparency

By Manesh Samtani | 27/02/2024

The revisions would help guard against fraud by requiring beneficiary FIs to check the alignment of beneficiary information in payment messages.

Fintech / Regtech

Singapore FinTech Association Drives FinTech Expansion to Malaysia

By Ranamita Chakraborty | 27/02/2024

Under the new Project Tapir, Singapore Fintech companies will be supported by Malaysian venture capital firms in their expansion efforts.

AML / KYC

AUSTRAC Issues Draft Guidance on AML/CTF Outsourcing Arrangements

By Manesh Samtani | 27/02/2024

The guidance is intended to help reporting entities comply with their AML/CTF obligations when outsourcing to external providers.

Fintech / Regtech

RBI Opens Prepaid Payment Instrument Market for Public Transport

By Ajoy K Das | 26/02/2024

Banks and non-banks can issue PPIs for use on public transport, with prepaid balances capped at INR 3000.

Fintech / Regtech

FS-ISAC Launches New AI Security Standards for FIs

By Ranamita Chakraborty | 26/02/2024

FS-ISAC’s Michael Silverman said six newly published papers provide guidance on the cyber-related risks of AI and best practices for adoption.

Enforcement

MAS, SPF Probe Samlit Moneychanger for Fraudulent Activities

By Nithya Subramanian | 26/02/2024

The money remittance company has informed the Monetary Authority of Singapore that it is planning to surrender its payment services licence.

Fintech / Regtech

FSDF Top-up Will Help Anchor Singapore Financial Services Capabilities

By Mark Johnston | 25/02/2024

MAS will use the S$2bn top-up to support talent development initiatives, innovation in financial services, and infrastructure projects.

Fintech / Regtech

HK Banks to Introduce Anti Malware Security Measures This Month

By Sanday Chongo Kabange | 25/02/2024

The new security measures on banking apps will trigger immediate actions when malware or suspicious apps are detected on customers’ devices.

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