FINTECH / REGTECH

Fintech / Regtech

China Takes Aim at Poor Quality Mobile Banking Apps

By Manesh Samtani | 18/09/2024

Regulators have directed FIs to improve their management of mobile app development, enhance the user experience and better protect against IT risks.

Fintech / Regtech

More Than 40 Private Sector Firms Join BIS Project Agora

By Manesh Samtani | 17/09/2024

Seven central banks will work with more than 40 financial firms to explore how tokenisation can enhance wholesale cross-border payments.

AML / KYC

China Consults on Revisions to Anti–Money Laundering Law

By Manesh Samtani | 17/09/2024

The revisions now include stronger protections for personal data and requirements for FIs to assess and manage risks arising from new technologies.

Fintech / Regtech

New Zealand FMA Joins Global Financial Innovation Network

By Editors | 17/09/2024

The FMA said GFIN will provide it greater opportunities to collaborate with other regulators and work on topics such as AI and tokenisation.

Fintech / Regtech

FINRA Warns of Rising Cyber Risks from Outsourced Services

By Nithya Subramanian | 16/09/2024

FINRA warns of threats from data breaches, zero-day vulnerabilities, weather-related outages, and social engineering campaigns.

Fintech / Regtech

Singapore Launches e-Apostille Service for Document Authentication

By Nithya Subramanian | 13/09/2024

From 2025,  documents issued by ACRA can be authenticated online, reducing the processing time and the need for physical submissions.

Fintech / Regtech

Japan to Develop Guidelines to Quantum Proof Financial Sector

By Thisanka Siripala | 13/09/2024

A set of guidelines will be prepared to assist FIs in preparing for a transition to post-quantum cryptography, drawing from NIST standards.

Big Picture

SIFMA Calls for Technology-Neutral Approach to AI Regulation

By Nithya Subramanian | 13/09/2024

SIFMA says additional rules should only be considered if gaps are identified that existing regulatory and legal frameworks cannot address.

Fintech / Regtech

Japanese Megabanks to Stop Issuing Paper Bills and Cheques

By Thisanka Siripala | 13/09/2024

Sumitomo Mitsui will discontinue paper bills and cheques altogether in September 2025. MUFG and Mizuho Bank are expected to follow suit.