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Fintech / Regtech
Fintech / Regtech
Korean Payment Firms Required to Improve Fee Transparency
By Editors | 07/01/2023
Ten payment services are required to disclose payment commission rates charged to businesses, including Naver Pay, Kakao Pay and Toss Pay.
AML / KYC
NYDFS Ends Coinbase AML Probe With $100m Settlement
By Editors | 05/01/2023
The settlement includes a $50mn penalty and a commitment by Coinbase to invest a further $50mn in its compliance programme over the next two years.
Fintech / Regtech
CBIRC Approves Capital Raise by Ant’s Consumer Finance Unit
By Editors | 05/01/2023
The approval is being hailed as a “milestone” after Chinese regulators forced Ant Group to cancel its IPO in November 2020 and ordered it to restructure.
AML / KYC
HKMA to Scale Up AML Efforts in 2023: Carmen Chu
By Bradley Maclean | 04/01/2023
Executive Director Carmen Chu discusses the actions the HKMA is taking to disrupt AML threats to Hong Kong, and technology initiatives that are making a difference.
Enforcement
CSRC Bars Two Online Brokers from Onboarding Mainland Investors
By Editors | 04/01/2023
Futu Holdings and Tiger Brokers have been offering offshore trading services to mainland clients though they are not licensed in China.
Fintech / Regtech
BNM Finalises New Rules for Electronic Money Issuers
By Editors | 03/01/2023
E-money issuers with more than 500,000 active users are subject to stricter governance, business continuity management and technology risk management requirements.
Fintech / Regtech
Shanghai Bourse Launches New Trading Supervision System
By Editors | 03/01/2023
The new system can process more than 500,000 transactions per second in real-time. New issuance underwriting and offline IPO systems also launched.
Fintech / Regtech
Hong Kong Consults on Crowdfunding Regulatory Regime
By Sanday Chongo Kabange | 03/01/2023
A Crowdfunding Affairs Office will be set up to centrally process and coordinate regulatory and administrative matters related to crowdfunding activities.
Fintech / Regtech
Korea FSC to Revise Rules to Mitigate IT Security Risks
By Manesh Samtani | 02/01/2023
On-site inspection will be initiated “immediately” in the event that financial services are interrupted for more than three hours due to a computer accident.
Fintech / Regtech
InvestHK Launches Platform to Promote Fintech Development
By Editors | 30/12/2022
The ‘FintechHK Community Platform’ allows users from fintechs, corporates, investors, and service providers to connect with one another.
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