Fintech / Regtech

AML / KYC

Fighting Financial Crime with Advanced Technologies

By Ashish Rai | 02/08/2021

AI and machine learning make it easier for firms to spot suspicious behavior and reduce false positives, but adoption is not without challenges, says Ashish Rai.

Fintech / Regtech

SEC Philippines Launches New Fintech Innovation Office

By Editors | 01/08/2021

The PhiliFintech Innovation Office will serve as the first point of contact for existing fintech companies and help the SEC regulate fintech activities.

AML / KYC

Regulatory Pressure on Binance Builds With Malaysia Ban

By Manesh Samtani | 01/08/2021

Malaysia’s SC has announced enforcement actions. Binance is winding down its derivatives business in Europe. India is probing its involvement in a betting probe.

Fintech / Regtech

BOT Issues Guidance on Blockchain Adoption in Financial Services

By Sanday Chongo Kabange | 01/08/2021

The guideline covers blockchain application in financial businesses, project governance, security standards, and risk management, among other areas.

Crypto / Digital Assets

Ripple Opens Japan-Philippines Remittance Corridor

By Manesh Samtani | 31/07/2021

Japan’s SBI Remit will connect with Coins.ph and crypto exchange SBI VC Trade to open the remittance corridor, leveraging Ripple’s on-demand liquidity service.

Fintech / Regtech

BSP Grants Fourth Digital Bank Licence to UnionBank

By Editors | 31/07/2021

UnionBank is the latest to receive the licence after Landbank’s Overseas Filipino Bank, Tonik Bank, and UNOBank.

Crypto / Digital Assets

Australia: Industry Body Seeks Greater Clarity on Crypto Regulation

By Sanday Chongo Kabange | 30/07/2021

Blockchain Australia has asked for safe harbour to be provided to ensure regulatory action will not be taken against crypto businesses where the law is unclear.

Fintech / Regtech

Korea FSC Expands Open Banking Services to Fintechs

By Sanday Chongo Kabange | 29/07/2021

Users will be able to access information about their prepaid deposit accounts from mobile applications of any FI offering open banking.

AML / KYC

FSC Finds VASP Deposit Accounts Linked to Fraudulent Activity

By Editors | 29/07/2021

Crypto exchanges in Korea are required to use bank accounts under their real names. Third party bank accounts are not allowed.