FINTECH / REGTECH

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    AML / KYC

    Taiwan Banks to Allow Companies to Open Accounts Digitally

    By Editors | 26/08/2024

    The FSC said banks should allow “all types” of non-individual clients to open digital deposit accounts, provided appropriate verification, controls and monitoring are in place.

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    Fintech / Regtech

    Switzerland Introduces Instant Payments for Major Banks

    By Ranamita Chakraborty | 26/08/2024

    The SNB and SIX said instant payments will likely form the basis for further innovation in payment transactions moving forward.

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    Fintech / Regtech

    OJK Indonesia Launches Digital Resilience Guide for Banks

    By Nithya Subramanian | 26/08/2024

    The guide addresses key aspects of business continuity, disruption management, and consumer protection in the evolving digital landscape.

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    Enforcement

    BNM Fines Bank of China’s Malaysia Unit for Outsourcing Violations

    By Nithya Subramanian | 26/08/2024

    BNM said the bank did not obtain prior approval before relocating core banking systems to new data centres.

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    Crypto / Digital Assets

    DBS Concludes Blockchain Pilot to Streamline Grant Disbursements

    By Ranamita Chakraborty | 25/08/2024

    The programmable grant disbursement pilot used smart contracts to automate and streamline grant disbursements by Enterprise Singapore.

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    AML / KYC

    Korean Financial Institutions Launch Credit Transaction Blocking Service

    By Editors | 24/08/2024

    Consumers can register for a financial system-wide block on credit transactions to protect their accounts from being used for fraudulent loans.

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    Fintech / Regtech

    India’s IFSCA and Malaysia’s LFSA Sign Cooperation MOU

    By Ajoy K Das | 24/08/2024

    The MOU will facilitate information sharing to promote the development of both the GIFT City and Labuan international financial centres.

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    Crypto / Digital Assets

    Korean Regulators Inspect Monitoring Systems for Crypto Market

    By Manesh Samtani | 23/08/2024

    Inspections found that Korea’s big-five crypto exchanges have established dedicated teams and systems to detect and respond to abnormal trading activities.

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    Fintech / Regtech

    China, Vietnam Sign MOU on Cross Border Payment Connectivity

    By Editors | 22/08/2024

    The PBOC and SBV signed an MOU focusing on local currency settlement, currency swaps, and cross-border payment connectivity.

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    Capital / Liquidity

    NZ Government Releases Final Report on Banking Competition

    By Ranamita Chakraborty | 22/08/2024

    The government said it will act on all 14 recommendations in the report, including measures to speed up open banking implementation.

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