Fintech / Regtech

Fintech / Regtech

Singapore Banks to Automate GIRO Application Process

By Darien Choong | 08/11/2021

The current GIRO application process takes three to four weeks to complete. The eGIRO service will reduce turnaround time to a few minutes for consumers.

AML / KYC

HKMA Launches AMLab Series to Experiment with Network Analytics

By Editors | 07/11/2021

Five banks will work with data experts to experiment with the use of data analytics and network diagrams in identifying suspected money mules.

Fintech / Regtech

Multi CBDC Bridge Project Moves to Test New Use Cases

By Sanday Chongo Kabange | 07/11/2021

The mBridge project team has collaborated with private sector participants to identify 15 potential business use cases that are now being tested.

Fintech / Regtech

Australia Open Banking Regime Reaches New Milestone

By Editors | 07/11/2021

Major banks can enable data sharing for corporate customers and business partnerships. Non-major banks face enforcement action for non-compliance with their data sharing obligations.

Fintech / Regtech

PBOC Governor Calls for Stricter Laws to Protect Data

By Sanday Chongo Kabange | 05/11/2021

PBOC governor Yi Gang expressed concerns that some big tech firms have been collecting customer data without consent and misusing the data.

Crypto / Digital Assets

CBA to Become First Major Aussie Bank to Offer Crypto Trading

By Sanday Chongo Kabange | 05/11/2021

CBA will offer customers the ability to buy, sell and hold crypto assets directly through its ‘CommBank’ app, which is currently used by close to six million customers.

Fintech / Regtech

HKMA Unveils New Measures to Achieve Fintech Vision

By Sanday Chongo Kabange | 04/11/2021

Prototype platforms for green bond tokenisation developed. Commercial Data Interchange enters pilot launch. AML Regtech Lab set for Friday launch.

Crypto / Digital Assets

Hong Kong Virtual Assets Regime Under Review: SFC

By Sanday Chongo Kabange | 03/11/2021

The SFC is considering whether licensed firms should be allowed to provide crypto trading services to clients through omnibus account arrangements, and whether to allow crypto ETFs.

Big Picture

Regtech Can Boost Development of Green Finance Markets – Report

By Editors | 03/11/2021

Regulatory challenges are hindering widespread acceptance of green finance products, says a new paper from FTAHK and LITE Lab@HKU.