FINTECH / REGTECH

AML / KYC

UK FCA Calls on Firms to Improve Use of National Fraud Database

By Mark Johnston | 25/01/2025

FCA review found that some firms underutilise the NFD and don’t always report cases that meet the standard of proof required.

Crypto / Digital Assets

FSB Publishes Work Programme for the Year Ahead

By Manesh Samtani | 25/01/2025

The work programme highlights digitalisation, climate change, and the shifting macroeconomic environment as key priorities

Fintech / Regtech

UK FCA Outlines Next Steps to Expand Open Banking

By Thisanka Siripala | 24/01/2025

An independent central operator will be established to coordinate how variable recurring payments are made, potentially lowering processing fees

AML / KYC

HKMA Publishes Banking Sector Priorities for 2025

By Sanday Chongo Kabange | 24/01/2025

The HKMA’s 2025 workplan includes measures to safeguard the banking sector from financial crime, credit risk and cyber risk.

Fintech / Regtech

PBOC Adjusts Rules to Improve Security of Credit Information

By Editors | 23/01/2025

The updates focus on managing how credit information is accessed, ensuring compliance, and enhancing security.

AML / KYC

BSP Revises IT Risk Management Rules to Align with New Anti-Scams Law

By Sanday Chongo Kabange | 23/01/2025

The BSP said BSFIs must comply with the new regulations by 30 June 2025 and that a shared accountability framework will be adopted.

Fintech / Regtech

ASEAN Releases Expanded Guide to Address Generative AI Risks

By Thisanka Siripala | 23/01/2025

The guide provides recommendations around shared AI accountability, data management, incident reporting, and regional collaboration on AI safety.

Fintech / Regtech

RBI Directs FIs to Implement Safeguards Against Fraud

By Nithya Subramanian | 22/01/2025

The RBI asked banks and other financial institutions to strengthen safeguards against fraud involving mobile numbers

Fintech / Regtech

China Releases Reports on US Cyberattacks on Two Major Entities

By Thisanka Siripala | 21/01/2025

The targeted entities included an advanced materials research institute, and a large technology firm in the smart energy and digital information industry.