FINTECH / REGTECH

Crypto / Digital Assets

Ripple Launches USD Stablecoin on Global Crypto Exchanges

By Editors | 18/12/2024

RLUSD is backed by USD deposits, US treasuries and cash equivalents. Third-party attestations of the reserve assets will be published monthly.

Fintech / Regtech

SC Malaysia, CGC Group Partner to Boost MSME Financing

By Sanday Chongo Kabange | 17/12/2024

The SC will collaborate with CGC Group and CGC Digital to enhance access for MSME and MTC to capital market financing solutions.

Crypto / Digital Assets

Bank Indonesia Completes Stage One PoC Testing for CBDC

By Manesh Samtani | 17/12/2024

Bank Indonesia published a report presenting the PoC findings and outlining focus areas for future exploration, including digital securities.

Fintech / Regtech

Cambodia, Vietnam Launch Cross-Border QR Payments Linkage

By Sanday Chongo Kabange | 16/12/2024

The linkage allows Vietnamese and Cambodian visitors scan QR codes to make payments at merchants in each other’s countries.

Fintech / Regtech

Revised Outsourcing Rules for Banks Take Effect in Singapore

By Manesh Samtani | 16/12/2024

Banks and merchant banks have to maintain a register of outsourced services and re-perform due diligence within 2 years of engaging a service provider.

Fintech / Regtech

Model Risk Management at Japan Banks Gaining Sophistication: FSA

By Manesh Samtani | 15/12/2024

The FSA says FIs should continue refining their model risk management frameworks, prioritising AI-specific models.

Fintech / Regtech

FSC Korea to Build Platform to Enable FIs to Use Open Source AI

By Manesh Samtani | 13/12/2024

The FSC said it will build a platform that provides open source AI models and data with performance and safety suitable for the financial sector.

Crypto / Digital Assets

ICMA Publishes Guidance on DLT Based Debt Securities

By Editors | 13/12/2024

The guide highlights considerations for the end-to-end lifecycle of DLT-based debt securities, intended to promote wider adoption of tokenised assets.

AML / KYC

Google and Swift Collaborate to Combat Payments Fraud

By Thisanka Siripala | 13/12/2024

The initiative follows a successful pilot with financial institutions across Europe, North America, Asia and the Middle East.