Fintech / Regtech

AML / KYC

Crypto Prepares for a Regulated Future

By David Liu | 07/02/2022

As crypto goes mainstream, regulatory compliance will require robust and financial institution-grade AML and KYC processes, says David Liu.

Fintech / Regtech

Singapore Gets New Methodologies to Assess Responsible AI Use

By Editors | 06/02/2022

A new open-source software toolkit has also been published to enable financial institutions to automate the fairness metrics assessment.

Fintech / Regtech

Australia to Expand CDR Across Financial Services Sectors

By Mark Johnston | 04/02/2022

The government will assess which datasets to prioritise across the non-bank lending, merchant acquirer, superannuation and insurance sectors.

Fintech / Regtech

Taiwan to Enable Secure Sharing of Personal Credit Score Data

By Darien Choong | 04/02/2022

Under a new mechanism, consenting parties can submit personal credit score data to the JCIC, which will encrypt the data and securely share it with qualified P2P lenders.

Fintech / Regtech

IMF Urges El Salvador to Remove Bitcoin’s Legal Tender Status

By Editors | 03/02/2022

The IMF said the adoption of a cryptocurrency as legal tender entails “large risks” relating to financial stability, financial integrity, and consumer protection.

Fintech / Regtech

India to Introduce Digital Rupee in Coming Fiscal Year

By Manesh Samtani | 03/02/2022

Finance minister Nirmala Sitharaman said the RBI will introduce a CBDC in the coming fiscal year and crypto profits will be taxed at 30 percent.

Fintech / Regtech

BSP Launches Open Finance Roadmap, Financial Inclusion Strategy

By Editors | 02/02/2022

The open finance roadmap paves the way for greater collaboration and data sharing between FIs and fintechs, which will help boost financial inclusion.

Fintech / Regtech

Thailand Finalises Tax Policy for Income from Crypto Trading

By Editors | 02/02/2022

Individuals will have to include profits from cryptocurrency trading as assessable income when filing personal income tax returns.

Capital / Liquidity

APRA Commences Initiative to Modernise Prudential Architecture

By Editors | 02/02/2022

APRA says there will be a need for innovation in regulation and new rules, including to address how crypto-assets are treated for prudential purposes.