Fintech / Regtech

RBI Defers Effective Date of Paytm Payments Bank Restrictions

By Editors | 18/02/2024

The deferral is to allow customers more time to make alternative arrangements. RBI also released FAQs to clarify the impacts of the restrictions.

Fintech / Regtech

India, Nepal Ink Pact to Integrate Fast Payments Systems

By Ajoy K Das | 16/02/2024

The RBI has agreed to interlink the UPI with its counterpart in Nepal to enable instant and lower cost cross-border remittances.

ESG / Sustainability

IFC Releases AI-powered ESG Analysis Tool for Emerging Markets

By ESG Investor | 16/02/2024

Amundi helped to develop the tool, which was tested with New Development Bank, an export credit agency, and a capital markets regulator.

Fintech / Regtech

Korea Launches “Mock” Hacking Exercise Against Banks

By Manesh Samtani | 16/02/2024

Unlike conventional tabletop exercises that involve pre-agreed scenarios, the exercise will involve surprise hacking attempts against banks by ‘white hat’ hackers.

Securities / Derivatives

US SEC Chair Warns Companies Against ‘AI Washing’

By Nithya Subramanian | 15/02/2024

Gary Gensler has asked companies looking to raise money from the public to be truthful and transparent about their use of AI and the associated risks.

Crypto / Digital Assets

More Clarity in Rules Key to Tokenisation of VCCs

By Nithya Subramanian | 15/02/2024

Tokenising VCCs provides the opportunity to drive greater operational cost efficiencies across the fund lifecycle and explore new business models.

Crypto / Digital Assets

FIX Unveils 2024 Priorities for Digital Assets Markets

By Ranamita Chakraborty | 13/02/2024

FIX’s Digital Assets & Technology Committee will focus on integration and interoperability, regulatory guidance, and the efficient use of DLT and smart contracts.

Fintech / Regtech

India Launches UPI Services in Sri Lanka and Mauritius

By Ajoy K Das | 13/02/2024

Mauritius is the first country outside Asia where banks will be able to issue RuPay cards, and the first African country to connect to the UPI.

Crypto / Digital Assets

RBI to Enable CBDC Programmability, Offline Functionality

By Ajoy K Das | 10/02/2024

RBI statement also said it will introduce a new principle-based framework for the authentication of digital payment transactions.

Fintech / Regtech

India: Industry Body to Publish Whitelist of Digital Lenders

By Ajoy K Das | 09/02/2024

The Digital Lenders’ Association of India said borrowers will be able to use the list to protect themselves against scammers and fake apps.

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