Fintech / Regtech

Fintech / Regtech

HKMA Suspends E-wallet Auto Top-Up Service Amid Fraud Reports

By Garima Chitkara | 26/10/2018

Approximately HKD 180,000 was stolen from customers just three weeks after the launch of a service allowing automatic top-ups of e-wallets by direct debit from bank accounts.

Crypto / Digital Assets

Sibos: New Digital Economy Places Customer Needs in Focus

By Matthew Chan | 25/10/2018

As Australia’s banking sector continues to deal with fallout from Royal Commission findings of misconduct, Sibos highlighted a newfound focus on customer needs, says Matthew Chan.

Crypto / Digital Assets

Japan Allows Self-Regulation Among Cryptocurrency Exchanges

By Garima Chitkara | 25/10/2018

The Japan Virtual Currency Exchange Association has been given a “certified fund settlement business association” accreditation, allowing it to make rules and police domestic exchanges.

Fintech / Regtech

India’s Cabinet Approves Singapore MoU on Fintech Cooperation

By Editors | 25/10/2018

The MoU was signed in June to establish an India-Singapore joint working group aimed at strengthening fintech cooperation.

Fintech / Regtech

Fintech Must be Governed Under Existing Legal Frameworks – HKEX

By Manesh Samtani | 24/10/2018

Financial services offered in either a test or real environment should be governed by the same legal framework, says HKEX in a new report.

AML / KYC

China to Regulate Blockchain-based Information Services

By Manesh Samtani | 24/10/2018

China’s internet censorship agency has drafted rules requiring blockchain information service providers to collect, store and potentially share user data with authorities.

AML / KYC

Urgent Action Needed to Prevent Misuse of Virtual Assets – FATF

By Manesh Samtani | 23/10/2018

There is an urgent need for all jurisdictions to take coordinated action to prevent the use of virtual assets for crime and terrorism, the FATF said.

Fintech / Regtech

Japan FSA Updates Financial Sector Cyber Policy

By Manesh Samtani | 21/10/2018

Japan’s financial infrastructure may come under attack in the lead-up to the 2020 Tokyo Olympics, the FSA says as it prepares to guard against potential large-scale incidents.

Fintech / Regtech

New Sandbox Allows Testing of Australia’s NPP via APIs

By Editors | 18/10/2018

SWIFT and NPP Australia have launched a new secure testing environment allowing fintechs to test the capabilities of Australia’s new payments system via APIs.