Fintech / Regtech

Fintech / Regtech

BNM Awards Digital Bank Licences to Five Applicants

By Editors | 29/04/2022

The licence winners include Axiata’s Boost Holdings, RHB Bank, Grab-Singtel’s GXS Bank, Kuok Brothers, Sea Limited, YTL Digital Capital, AEON, MoneyLion, and KAF Investment Bank.

Fintech / Regtech

HKMA Consults on CBDC Policy and Design Choices

By Sanday Chongo Kabange | 28/04/2022

The paper says e-HKD could bring could present challenges to Hong Kong’s currency and financial stability, as well as the city’s role as an international financial centre.

Fintech / Regtech

Philippine Central Bank to Pilot Test Wholesale CBDC

By Editors | 28/04/2022

Project CBDCPh will test the use of a wholesale CBDC for large-value financial transactions across a limited number of financial institutions.

AML / KYC

FIs Must Continue to Innovate Approach to AML: HKMA

By Manesh Samtani | 27/04/2022

Executive director Carmen Chu says work is underway to update HKMA’s guidance on name screening, transaction monitoring and suspicious transaction reporting.

Fintech / Regtech

HKMA Launches Knowledge Hub to Promote RegTech Adoption

By Editors | 26/04/2022

The Hub’s launch is accompanied by videos featuring regtech solutions from HSBC, Citibank, iFinHealth, Ping An OneConnect Bank and ASTRI.

AML / KYC

AMLC Philippines Launches Review of Sanctions Screening Practices

By Editors | 26/04/2022

The AMLC has partnered with AML Analytics as its testing and validation partner to conduct a thematic review of customer- and transaction-screening systems at FIs and DNFBPs.

Fintech / Regtech

BIS, Bank Indonesia Invite Firms to Solve CBDC Challenges

By Editors | 26/04/2022

Firms are invited to develop new solutions for issuing and distributing CBDCs, improve interoperability and advance financial inclusion.

AML / KYC

FCA Directs Challenger Banks to Bolster FCC Controls

By Editors | 26/04/2022

The FCA said it found weaknesses relating to customer due diligence, risk assessment, management of transaction monitoring alerts, and SAR quality.

AML / KYC

Philippine Banks Directed to Monitor Gaming-related Transactions

By Editors | 25/04/2022

FIs are asked to bolster their CDD and file reports when suspicious transactions are observed involving play-to-earn games such as the recently-hacked Axie Infinity.