Fintech / Regtech

Fintech / Regtech

HSBC Scraps Fees Ahead of Virtual Bank Launches

By Manesh Samtani | 20/06/2019

HSBC will remove below-balance, counter transaction and annual fees for most personal savings accounts as it braces for incoming competition from newly approved virtual banks.

Fintech / Regtech

BNM to Set Up Cyber Threat Intelligence Platform

By Editors | 19/06/2019

BNM governor says the platform will strengthen the financial industry’s capabilities to respond to cyber threats and help create a safe environment for innovation.

Big Picture

DLT Can Enhance Settlement Systems, But Not Replace Them

By Manesh Samtani | 14/06/2019

A new paper from Greenwich Associates says DLT cannot replace settlement infrastructure entirely without imposing the very costs it was designed to reduce.

Fintech / Regtech

S. Korea FSC Accepts Six More Fintech Sandbox Participants

By Editors | 13/06/2019

The FSC has approved six more fintech services for the regulatory sandbox, bringing the total number of approved companies to 32.

Fintech / Regtech

Singapore: Progressing the Culture and Conduct Risk Agenda

By Jeffrey Kupfer | 13/06/2019

MAS is equipping itself with advanced tools that will allow for culture and conduct to be evaluated in a more systematic way, say Jeff Kupfer and Stephen Scott at Starling.

Fintech / Regtech

FSB: Decentralisation Could Benefit Financial Stability

By Manesh Samtani | 08/06/2019

While decentralised financial technologies do pose risks, they may increase competition and diversity in the financial system and reduce existing entities’ systemic importance.

Fintech / Regtech

Philippines: Online Lenders to Adopt Code of Conduct

By Editors | 08/06/2019

The pledge comes after 48 online lenders were cited for using customers’ personal data to publicly shame people who did not settle their debts on time.

Fintech / Regtech

FSC Korea to Launch Open Data Infrastructure to Facilitate Innovation

By Editors | 05/06/2019

A new open data system will start providing anonymised credit information of two million people as sample data in June; and next year a financial data exchange will be launched.

Crypto / Digital Assets

FSB Issues Report to G20 on Crypto-Asset Regulation

By Manesh Samtani | 04/06/2019

Forward-looking risk assessments are needed in crypto-asset markets to identify trends that may give rise to financial stability and other risks and assess their potential significance early on.