FINTECH / REGTECH

Big Picture

BIS Paper Examines Choice Between Retail CBDC, FPS, or Both

By Editors | 05/12/2024

The choice depends on the market features, ecosystem, and degree of maturity and innovation of existing payment infrastructures in a country.

Big Picture

Geopolitical Risk Seen as Top Risk to Financial Industry in 2025

By Editors | 05/12/2024

The top threats to the financial industry identified in DTCC’s latest Systemic Risk Barometer Survey were geopolitical risk and cyber risk.

Crypto / Digital Assets

ASIC Seeks Feedback on Updated Guidance for Digital Assets

By Thisanka Siripala | 05/12/2024

ASIC proposes to regulate digital assets like traditional financial products, requiring crypto firms to apply for an AFS licence.

AML / KYC

UK FCA Finalises Updates to Financial Crime Guide

By Editors | 04/12/2024

The financial crime guide is updated to provide additional guidance on sanctions, proliferation financing, transaction monitoring and cryptoassets.

Crypto / Digital Assets

Permissionless Blockchains Can Enhance Traditional Financial Services

By Editors | 03/12/2024

European Commission report says public permissionless blockchains represent a promising alternative to permissioned platforms.

Fintech / Regtech

DBS, EnterpriseSG, IMDA Launch Programme to Upskill SMEs on GenAI

By Nithya Subramanian | 03/12/2024

The programme offers SMEs a “structured, simplified approach” to discover use cases and practical applications of GenAI solutions for their business operations.

Fintech / Regtech

India: RBIH Wants Banks to Use AI to Detect Mule Accounts

By Editors | 03/12/2024

The Reserve Bank Innovation Hub is reportedly in talks with ten public and private banks about adopting its “Mulehunter.Ai” tool to identify mule accounts.

Market Infrastructure

HKMA Issues New Statutory Guideline on Cyber Risk Management

By Manesh Samtani | 03/12/2024

The SPM module articulates the HKMA’s policy, overarching principles, and supervisory approach on banks for managing cyber risks.

Fintech / Regtech

Australia Passes Law Introducing New Rules for BNPL Services

By Thisanka Siripala | 02/12/2024

BNPL providers must adhere to requirements under the the National Consumer Credit Protection Act. ASIC will be tasked with regulating the sector.