Fintech / Regtech

Big Picture

Automating Regulatory Compliance in DLT-based Markets: BIS Paper

By Manesh Samtani | 23/09/2019

The paper makes the case for a “embedded supervision”, a regulatory framework that automates compliance monitoring using the information in a distributed ledger.

Fintech / Regtech

Tencent, Alibaba Refuse to Share Data to National Credit Database

By Editors | 20/09/2019

Tencent Credit and Alibaba’s Sesame Credit hold more customer data than any of their online lending peers, but they are not providing the data to the national credit database.

Fintech / Regtech

FSC Korea to Provide Funding Support to Fintechs

By Editors | 19/09/2019

FSC chairman Eun Sung-soo told fintech executives that a 300 billion won fund will be set up to invest in the sector and regulations will be eased to promote fintech development.

Fintech / Regtech

HKMA Signs Operational Agreement for BIS Innovation Hub

By Editors | 18/09/2019

The Hub will foster collaboration between central banks and scale up the application of innovative technologies globally, says the HKMA’s Norman Chan.

Enforcement

Philippines Moves to End Abusive Practices by Fintech Lenders

By Editors | 18/09/2019

A code of ethics and code of conduct have been adopted by members of FinTechAlliance.ph prohibiting the harassment and shaming of delinquent borrowers.

Fintech / Regtech

Big Data: Who’s Writing the Rules of the Game?

By CorporateTreasurer | 17/09/2019

A recent whitepaper commissioned by Deutsche Bank looks at the need for effective regulations for cross-border data sharing and the ethical use of artificial intelligence.

Fintech / Regtech

Australia Establishes Senate Committee on Fintech, Regtech

By Editors | 16/09/2019

The committee will inquire into the opportunities of fintech and regtech, and benchmark Australia’s environment for innovation against comparable global regimes.

Fintech / Regtech

Taiwan FSC Clarifies Rules on Virtual Bank Boards

By Editors | 13/09/2019

Banks cannot have executives or board members serving concurrently as directors or supervisors at the virtual banks in which they are invested.

AML / KYC

Financial Institutions Must Adapt and Innovate or Be Left Behind

By Greg Watson | 13/09/2019

Outdated systems are preventing one in four Asia Pacific banks from investing in disruptive technologies, says Greg Watson, citing a recent Fenergo survey.