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FINTECH / REGTECH
Big Picture
BIS Paper Encourages Wider Global Adoption of FPS
By Manesh Samtani | 26/12/2024
The paper examines how FPS have revolutionised payments, drawing lessons from Brazil’s Pix, Costa Rica’s SINPE Móvil, and India’s UPI.
Fintech / Regtech
FSC Korea Announces Schedule for Internet-only Bank Applications
By Manesh Samtani | 26/12/2024
Six consortia are interested in applying for an internet-only bank licence. Applicants with links to established FIs are seen as leading candidates.
Fintech / Regtech
UnionPay, WeChat Pay Collaborate to Make Payments Easier for Foreigners
By Editors | 23/12/2024
Travellers using any of eight overseas e-wallets including HSBC’s PayMe and Naver Pay can now make payments on the mainland by scanning WeChat QR codes.
Fintech / Regtech
ASX Recovers from Worst Market Disruption in Four Years
By Editors | 23/12/2024
No trade settlements took place on Friday due to a “CHESS batch settlement delay”. Engineers had to work through the weekend to resolve the issue.
Fintech / Regtech
HKMA’s Carmen Chu Urges Banks to ‘Embrace the Opportunities’ of GenAI
By Sanday Chongo Kabange | 22/12/2024
HKMA’s Carmen Chu said banks should foster a culture of “continuous learning” within their institutions and experiment with HKUST’s InvestLM GenAI Platform.
Fintech / Regtech
Australia Proposes to Mandate Cash Acceptance for Essential Items
By Editors | 22/12/2024
Australia’s Treasury proposes to require certain types of businesses to accept cash, with potential limits on the mandate such as transaction caps or time limits.
Fintech / Regtech
Indonesia Launches NFC-based QRIS Tap Payments Trial
By Editors | 20/12/2024
The trial commenced to test contactless QRIS payments on transportation modes in Jakarta. Full implementation planned for Q1 2025
Big Picture
US Treasury Reports on Findings from Artificial Intelligence RFI
By Manesh Samtani | 20/12/2024
The report outlines key recommendations based on the responses to the RFI and next steps to be considered by policymakers and FIs.
Fintech / Regtech
HKMA Announces First Batch of GenAI Sandbox Participants
By Sanday Chongo Kabange | 20/12/2024
15 use cases from 10 banks and 4 technology partners were selected. Technical trials will commence in early 2025.
Fintech / Regtech
HKEX Launches New Data Marketplace for Investors
By Sanday Chongo Kabange | 19/12/2024
“HKEX Data Marketplace” will allow data users to access historical and reference data on securities and derivatives.
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