Fintech / Regtech

ESG / Sustainability

FSB Publishes Letter to G20 Ahead of Virtual Meeting

By Manesh Samtani | 14/10/2020

The letter describes the FSB’s work to address issues of financial innovation and technology, promote a resilient and integrated global financial system, and address market fragmentation.

AML / KYC

FSB Issues Final Recommendations on Regulating Global Stablecoins

By Editors | 13/10/2020

Global stablecoin arrangements are expected to adhere to all applicable regulatory standards and address risks to financial stability before commencing operation, the FSB says.

Enforcement

RegTech Asia 2020: Sanctions & PEPs Screening

By Editors | 13/10/2020

What role do data and technology play in protecting financial institutions from exposure to the risks associated with sanctions and PEPs?

Fintech / Regtech

Wirecard Service Halt Disrupts Singapore Merchants – Report

By Editors | 13/10/2020

Singapore merchants were caught off guard when Wirecard services stopped functioning this month. Many have been accepting payments via bank transfer, cash or digital platforms.

AML / KYC

FSB Publishes Roadmap on Enhancing Cross-Border Payments

By Editors | 13/10/2020

The roadmap seeks to address key challenges faced in cross-border payments including high costs, low speed, limited access and insufficient transparency.

Fintech / Regtech

FSB Calls on Authorities to Regulate BigTech in Financial Services

By Editors | 12/10/2020

Where financial services activities are undertaken by new types of actors, such as BigTech firms, the principle of ‘same risk-same regulation’ should apply, the report says.

AML / KYC

RegTech Asia 2020: The Evolution of Typologies

By Editors | 12/10/2020

How have financial crime typologies been evolving in recent years, and how are they being used by financial institutions to combat crime?

Fintech / Regtech

BOJ to Commence CBDC Testing as Early as April 2021

By Editors | 12/10/2020

A proof of concept will take place over two phases, followed by a possible pilot programme involving private payment service providers and end-users.

AML / KYC

RegTech Asia 2020: The Future of AML & Fraud Case Management

By Editors | 11/10/2020

How can current practices in AML and fraud case management and investigations be enhanced with technology and data for better, faster outcomes?