Fintech / Regtech

ESG / Sustainability

Central Banks Should Embrace Innovation: Jacqueline Loh

By Editors | 29/03/2021

MAS’ Jacqueline Loh outlined several central bank-led innovation initiatives underway, including a project that will help quantify the ESG impact of investments and loan portfolios.

AML / KYC

MAS Offers New AML/CFT Guidance for VASPs

By Editors | 28/03/2021

MAS has identified several VASPs that have not come forward for licensing despite operating in Singapore or soliciting business from Singapore residents.

Fintech / Regtech

BPAY, eftpos, NPPA Seek ACCC Approval for Merger

By Ranamita Chakraborty | 28/03/2021

The three payment schemes say their merger will allow them to bring innovative products to market more quickly, and will not reduce competition.

Fintech / Regtech

HKMA Launches Regtech Challenge to Address Banking Pain Points

By Editors | 26/03/2021

The HKMA invites Regtech providers to showcase solutions to help Hong Kong banks solve common risk management and regulatory compliance pain points.

Fintech / Regtech

BIS, SWIFT Announce Winners of ISO 20022 Hackathon

By Editors | 25/03/2021

The winners were Atomic Wire, Mojaloop, Virtusa and AWS for solutions that help to enhance cross-border payments using ISO 20022 and APIs.

Fintech / Regtech

China to Ban Collection of ‘Irrelevant’ Personal Data By Mobile Apps

By Sanday Chongo Kabange | 25/03/2021

Under new guidelines, mobile apps cannot deny users access to their services if users refuse to share unnecessary personal information.

Fintech / Regtech

Line Pay to Bring Data Stored Overseas Back to Japan

By Sanday Chongo Kabange | 25/03/2021

Line must submit detailed reports to Japanese authorities explaining how it protects personal data, after employees at a China affiliate were found to have access to user information.

Fintech / Regtech

Internet-only LINE Bank Commences Trial Operations in Taiwan

By Editors | 25/03/2021

Only LINE Bank employees will participate in the trial operations. Depending on the results, full operations could commence by late April.

Fintech / Regtech

Project Aurum: HKMA to Explore General Purpose CBDC

By Manesh Samtani | 25/03/2021

Project Aurum will explore the benefits and challenges of different architectures for the distribution of a general purpose CBDC.