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FSC Korea to Promote Greater Use of Analytics in Financial Sector
By Editors | 27/05/2021
The FSC will introduce new measures later this year to increase the use of anonymised data that can be aggregated to perform data analytics.
Fintech / Regtech
Taiwan to Enable Interoperability Between E-payment Providers
By Ranamita Chakraborty | 27/05/2021
Amendments due to take effect from 1 July will enable users of e-payment services and stored-value facilities to transfer money across platforms.
Fintech / Regtech
Regulators Order Tencent to Establish Financial Holding Company
By Editors | 27/05/2021
Like Ant Group, Tencent will have to submit a reorganisation plan to regulators specifying which businesses the new financial holding company will absorb.
Fintech / Regtech
WhatsApp Files Lawsuit Against India Over Traceability Rules
By Editors | 27/05/2021
The new laws give the Indian government greater power to monitor online activity and require data to be stored in a “traceable” database.
Fintech / Regtech
MAS Partners with Mojaloop Foundation on Financial Inclusion
By Editors | 27/05/2021
The partnership will bring together MAS’ policy development perspectives and Mojaloop’s digital payments capability to advance financial inclusion.
Fintech / Regtech
Malaysia Launches Islamic Fintech Accelerator Programme
By Editors | 26/05/2021
The FIKRA Islamic Fintech Accelerator Programme seeks to promote an Islamic fintech innovation ecosystem in Malaysia’s capital market.
Crypto / Digital Assets
Bank Indonesia Explores CBDC as Legal Payment Instrument
By Editors | 26/05/2021
The central bank is assessing which platform and technology it will use to issue a digital rupiah as a legal digital payment instrument in Indonesia.
Fintech / Regtech
Bank of Korea Seeks Technology Partner to Test CBDC
By Sanday Chongo Kabange | 25/05/2021
The testing and simulation exercise will be conducted in two phases, the first involving the creation, issuance and redemption of a digital won.
Crypto / Digital Assets
Australia: Senate Committee to Probe ‘Debanking’ of Fintechs
By Ranamita Chakraborty | 25/05/2021
The government needs to better understand the policy issues which may be leading to debanking so that they can be addressed, said Senator Andrew Bragg.
AML / KYC
HKMA Urges Banks to Use iAM Smart in Remote Onboarding
By Manesh Samtani | 25/05/2021
The HKMA clarifies that when iAM Smart is used for identity verification, record keeping requirements may be met by retaining data obtained via API.
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