Fintech / Regtech

Fintech / Regtech

BOT Unveils Results of ‘CBDC for Business’ Project

By Ranamita Chakraborty | 11/03/2021

The BOT found that DLT increases efficiency for B2B payments, despite limitations in supporting large transaction volumes and preserving transaction privacy.

Fintech / Regtech

European Banks Push Ahead with Payments Network Plans

By Sanday Chongo Kabange | 02/03/2021

The European Payments Initiative, launched last July, could have a new pan-European payments network in place by 2025.

Crypto / Digital Assets

BOK to Establish CBDC Pilot System Within March

By Sanday Chongo Kabange | 01/03/2021

The BOK has almost completed the design and technical study of its CBDC, but does not intend to rush into the pilot before undertaking legal and regulatory assessments.

Crypto / Digital Assets

Etrading Software Becomes Registration Authority for DTIs

By Editors | 01/03/2021

The UK-headquartered technology provider has been nominated to become the registration authority for the new ISO standard for Digital Token Identifiers.

Fintech / Regtech

Westpac Announces New Partner in Digital Banking Push

By Ranamita Chakraborty | 01/03/2021

Westpac and SocietyOne have signed a partnership expand digital banking services to customers in the second quarter of this year.

Crypto / Digital Assets

Thailand SEC to Enhance Protections for Digital Asset Investors

By Editors | 01/03/2021

The SEC is consulting new qualifications for retail investors in digital assets, and requiring digital asset fund managers and investment advisors to be licensed.

Fintech / Regtech

FSC Korea Issues ‘MyData Services’ Guidelines Ahead of August Launch

By Editors | 27/02/2021

The guidelines require participating firms to ensure consumers have sufficient awareness of their privacy rights when consenting to data transfers.

Fintech / Regtech

Korea: Supervisory Power Struggle Deepens Between BOK, FSC

By Sanday Chongo Kabange | 25/02/2021

The BOK said it opposes the payment settlement system being used to oversee private transaction data, calling a revision bill proposed by the FSC a “Big Brother law”.

Fintech / Regtech

OJK Indonesia Urges Rural Banks to Digitalise Operations

By Editors | 25/02/2021

Efforts to digitalise are aimed at improving financial inclusion for ‘micro-entrepreneurs’ and other members of the unbanked or underbanked population in Indonesia.