FINTECH / REGTECH

AML / KYC

CFPB Fines Block Inc Over Cash App Security Lapses

By Nithya Subramanian | 17/01/2025

The CFPB has fined Block for allowing fraud to proliferate and closing cases of reported fraud without even opening a legally required investigation.

Fintech / Regtech

FTAHK Establishes Strategic Advisory Council for AI

By Sanday Chongo Kabange | 17/01/2025

The FTAHK AI Strategic Advisory Council will explore and help promote responsible AI in Hong Kong’s financial sector.

Fintech / Regtech

Philippine Banks to Launch PHP Stablecoin Later This Year

By Sanday Chongo Kabange | 16/01/2025

UnionBank, RCBC, Cantilan Bank and Rural Bank of Guinobatan are collaborating to launch a peso-backed stablecoin known as PHPX

Fintech / Regtech

Tokyo Enhances Execution Environment for Block Trades

By Thisanka Siripala | 16/01/2025

TSE participants can now use an IOI platform to quietly gauge market demand for large stock trades without revealing their intentions to other participants

Fintech / Regtech

BIS Publishes 2025 Work Programme for Innovation Hub

By Manesh Samtani | 16/01/2025

The first two new projects in 2025, Project AISE and Project Gaia, will explore AI-based tools supporting supervision and green finance.

Fintech / Regtech

JSDA Amends Rules to Streamline Digital Document Delivery

By Thisanka Siripala | 16/01/2025

The proposed amendments will allow securities firms to rely on implied consent for electronic delivery of documents.

Fintech / Regtech

KRX Finishes Building Naked Short Selling Detection System

By Editors | 15/01/2025

Connectivity tests have begun with institutional investors. Once these tests are complete, the NSDS will be used on a simulated market.

Fintech / Regtech

Hong Kong Digital Banks Consider Opening Physical Branches

By Editors | 14/01/2025

HKMA said in October that it would allow digital banks to have limited physical branches to help them improve transaction processes and customer experience

Fintech / Regtech

HK Credit Data Platform Lowers Access Barrier for Small FIs

By Sanday Chongo Kabange | 14/01/2025

Platform operator HKICL has developed a new interface that provides a lower-cost and more convenient way for lenders to connect to Credit Data Smart.