Fintech / Regtech

Fintech / Regtech

FSC Korea Set to Authorise First Robo Fund Manager, Shinhan AI

By Editors | 12/08/2019

The FSC has granted approval to Shinhan AI to operate as an investment consulting service, and is expected to soon grant it an asset management licence.

AML / KYC

Australia Records Decline in Payment Fraud Rates

By Editors | 09/08/2019

AusPayNet’s latest data shows a decline in the overall rate of card fraud for 2018, alongside slower growth in online fraud.

AML / KYC

Korea’s FIU Seeks Direct Supervision Over Crypto Exchanges

By Editors | 08/08/2019

Currently, the Financial Intelligence Unit only indirectly regulates cryptocurrency exchanges in Korea through the administrative guidance it issues for banks.

Fintech / Regtech

Philippine SEC Proposes New Requirements for Online Lending Platforms

By Editors | 08/08/2019

The SEC proposes new disclosure and reporting requirements for operators of online lending platforms, in response to inquiries from the public about their registration and legitimacy.

Fintech / Regtech

Singapore Brokers Directed to Enhance Trade Surveillance Systems

By Manesh Samtani | 08/08/2019

MAS and SGX RegCo have released a practice guide outlining five guiding principles for brokers to use in the review and design of their trade surveillance programmes.

Fintech / Regtech

MAS Launches Faster Option Sandbox Testing

By Editors | 08/08/2019

Sandbox Express entails an approval process of just 21 days before firms can start testing innovative financial products and services in a pre-determined environment.

Fintech / Regtech

ASIC Event Features Regtech Use for Monitoring Financial Promotions

By Manesh Samtani | 06/08/2019

ASIC’s ‘Regtech Monitoring Financial Promotions’ symposium was the first in what will be a series of sessions aimed at working with the industry to solve compliance challenges with technology.

Market Infrastructure

Japan: Security Failures Force New Payments Service to Shut

By Editors | 06/08/2019

The security breach saw more than 38mn yen stolen from more than 800 accounts in the days after the July launch of a new mobile payment service for convenience stores.

Big Picture

Singapore: Two-Thirds of Consumers Willing to Try Digital Banks

By Editors | 03/08/2019

A JD Power survey has found that 65% of Singapore customers are interested in opening digital bank accounts. The survey ranked HSBC first, OCBC second and DBS third in customer satisfaction.