Fintech / Regtech

Fintech / Regtech

Moody’s Explores Credit Implications of Cyber Risk

By Manesh Samtani | 06/03/2019

Banks are at high risk because they hold the data and funds of private clients, and provide access to their services through multiple online and digital channels, says Moody’s Investors Service.

Enforcement

ASIC to Automate Detection of Misleading Advertising Through AI

By Editors | 05/03/2019

ASIC is looking to engage with regtech firms to develop systems that use artificial intelligence to detect misleading advertising and spot disclosure problems in financial advice.

Fintech / Regtech

India Tech Startups Lobby for Dual-Class Share Structures

By Editors | 01/03/2019

A lobby group for startups in India is urging the government to change the criteria for shares with differential voting rights to allow founders and promoters to better safeguard their ownership control.

Fintech / Regtech

IMAS Launches Accelerator Programme for Asset Management Industry

By Editors | 01/03/2019

The Digital Accelerator Programme will allow fintech startups to work with professional mentors from asset management firms to create viable solutions for industry challenges.

AML / KYC

FATF Gets Tough on Virtual Assets and Their Service Providers

By ComplyAdvantage | 27/02/2019

If the FATF Interpretive Note is adopted, virtual assets and their service providers could fall under the same level of regulatory scrutiny as seen in traditional banking, says ComplyAdvantage.

Crypto / Digital Assets

Thailand to Allow Scripless Issuance, Tokenisation of Securities

By Editors | 26/02/2019

The National Legislative Assembly has endorsed an amendment that will enable the scripless issuance and tokenisation of primary market securities, as early as this year.

Fintech / Regtech

UPDATED – S. Korea to Boost Fintech Development with Open Banking

By Editors | 26/02/2019

The FSC plans to make banking APIs more open, accessible and cost-efficient so all nonbank fintech players can access Korea’s payment network.

AML / KYC

AUSTRAC Trials Reporting Automation through Smart Contracts

By Editors | 26/02/2019

The proof of concept project commenced in December 2018 and aims to help reporting entities automate the reporting of international funds transfers to AUSTRAC.

Fintech / Regtech

BSP Streamlines Licensing Process e-Financial Services Firms

By Editors | 25/02/2019

The move is in line with BSP’s reform agenda to promote digital innovation and increase availability of safer and more efficient channels for financial services.