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Big Picture
DTCC Calls on Industry to Prioritise Business Resilience Efforts
By Editors | 24/09/2019
Firms must establish resilience as a business-owned strategic initiative, and be willing to prioritise business resilience over efficiency in some cases, says a new DTCC whitepaper.
Fintech / Regtech
RBI Orders Banks, NBFCs to Restrict Access to Credit Data
By Editors | 24/09/2019
Financial institutions in India are known to be giving fintech firms and institutional agents direct access to data from credit bureaus, without customer consent.
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.
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