Finextra
Singapore Welcomes a New Digital Bank.
The digital bank market in Singapore has grown following the launch of Trust Bank, a partnership between Standard Chartered and local...
Finextra
- Sep 1
Singapore is Tightening Its Rules for Retail Crypto Trading
The Monetary Authority of Singapore could introduce "customer suitability tests" in an effort to discourage people from trading...
Finextra
- Aug 25
Crypto-crime revenue dropped by 65%
Revenue derived from cryptocurrency-related crime is down by 65% in the first half of 2022 compared to the corresponding period in 2021....
Finextra
- Aug 10
Cryptoassets in the metaverse could cause systemic risk- BofE
If a decentralised metaverse continues to grow, there are potential risks from cryptoassets that could have systemic financial stability...
Regulation Asia
- Jul 27
MAS, Google Cloud Launch New Climate FinTech Support Program
Point Carbon Zero is a three-year program launched under Project Greenprint with the goal of stimulating the growth of climate FinTech...
Regulation Asia
- Jul 6
MAS Assesses Fairness of FIs’ Use of AI/Machine Learning
A MAS-led thematic review has analyzed the implementation of fairness principles by selected financial institutions in the use of...
Regulation Asia
- Jun 23
Japanese Ministry of Finance is seeking new powers to confiscate crypto assets in the country
Japan's Ministry of Justice is looking to create rules that would allow the courts and police to take control of digital assets – such as...
CNBC
- May 5
France Granted Crypto Giant Binance a Regulatory Approval
Binance, one of the world's largest cryptocurrency exchanges, has been granted approval from French regulators to operate its exchange in...
BBC
- Feb 28
West will Shut Off Some Russian banks from the Swift System
Several Russian banks have been shut off from the major international payment system, Swift, by the EU, the US, and its allies. Russia's...
RegPac Revolution
- Jan 6
The Bank of England fined Standard Chartered €55 million - the latest UK bank fined by authorities
STANDARD Chartered is the third British bank to face multi-million euro penalties this week for regulatory violations. - Read the full...
Channel News Asia
- Dec 29, 2021
Former Bank Employee Imprisoned for Embezzling S$1.13 Million, Replaced Notes with Counterfeits
Over the course of two years, a banking operations specialist stole S$1.13 million from his company's safe, either by taking more cash...
Regulation Asia
- Nov 17, 2021
Asia's Payment Scene Stars the Singapore Fintech Festival
This year's Singapore Financial Festival, held from November 8 to 12, 2021, saw plenty of fresh developments in the Asian fintech...
Monetary Authority of Singapore
- Nov 10, 2021
Fintech Regulatory Sandbox from MAS is Getting an Enhancement - Now Called Sandbox Plus
The Monetary Authority of Singapore (MAS) announced three changes to its FinTech Regulatory Sandbox platform, Sandbox Plus, in order to...
Finextra
- Nov 3, 2021
How Can Data, Technology, and the Private Sector Help Combat Climate Change
Ruth Porat, Chief Financial Officer of Google's parent company, Alphabet; Lord Stern, Chair, Grantham Research Institute on Climate...
Monetary Authority of Singapore
- Oct 8, 2021
Combatting money laundering, MAS and Financial Industry will use a new digital platform
The Monetary Authority of Singapore (MAS) announced that it will introduce a digital platform and enabling regulatory framework to allow...
Finextra
- Sep 28, 2021
APP fraud losses overtook card crime in H1 2021
According to recent data from UK Finance, losses from approved push payments fraud surpassed losses from card fraud for the first time in...
Regulation Asia
- Sep 13, 2021
Cyber Risk, Credit Losses, and Market Exuberance are all warned against by EU regulators
The European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), and the European Insurance and Occupational...
Regulation Asia
- Sep 6, 2021
In Singapore, the SGX has finalized the framework for SPAC listings.
The final framework reduces the minimum market cap necessary for a SPAC listing from S$300 million recommended in SGX's March...
The Wall Street Journal
- Sep 1, 2021
The rise of cryptocurrency has global watchdogs scrambling to keep up.
Two of the biggest cryptocurrency exchanges, Binance and BitMEX, have come under regulatory scrutiny, there appears to be a lack of...
Thomson Reuters
- Jul 2, 2021
EU watchdog takes deep dive into banks' use of tech
The European Union's banking watchdog warned on Tuesday that banks' increasing reliance on 'RegTech' technology to automate fraud checks...
CNBC
- May 10, 2021
Germany Orders Deutsche Bank to Take Further Steps in Combatting Money Laundering
BaFin, Germany's financial regulator, has ordered Deutsche Bank to take new anti-money laundering steps, BaFin said on Friday, delivering...
Finextra
- Apr 26, 2021
The FCA plans to provide a 'regulatory nursery' for newly licensed firms.
Around autumn, the Financial Conduct Authority in the United Kingdom will create a 'regulatory nursery' to ensure that newly authorized...
Techcrunch
- Apr 19, 2021
ConsenSys raises $65M from JP Morgan, Mastercard, UBS to build infrastructure for DeFi
Consensys raised a $65 million funding round from large financial institutions, big blockchain firms, and other additional investors....
Crowdfund Insider
- Dec 14, 2020
New AML Compliance Certification Program for Fintechs Launched by ACAMS and FINTRAIL
ACAMS has introduced a certification program for Fintech firms that aim to fulfill regulatory guidelines or requirements in an “evolving”...
Regulation Asia
- Dec 4, 2020
Practical Tips for Compliance with Singapore’s IAC Guidelines
Shuhui Kwok at Allen & Overy provides practical tips for FIs to consider when assessing the IAC Guidelines, their application and...
RegPac Revolution
- Dec 2, 2020
RegPac Revolution executes Landmark Virtual RegTech Summit
RegPac Revolution, A Singapore based global Regulatory Technology (RegTech) ecosystem builder, accelerator, and risk management...
Forbes
- Dec 2, 2020
Cybersecurity Regulation And Litigation: The 800 Pound Gorilla In The Boardroom
“Carrots” can work as an incentive for corporate reform, but often a stick is needed to drive meaningful change at the highest levels of...
Help Net Security
- Nov 18, 2020
Healthcare organizations are sitting ducks for attacks and breaches
Seventy-three percent of health system, hospital and physician organizations report their infrastructures are unprepared to respond to...
South China Morning Post
- Nov 16, 2020
Singapore to step up crackdown on money laundering to cement financial hub status
The Monetary Authority of Singapore will focus on combatting disclosure breaches, mis-selling of financial products and countering...
Gulf News
- Oct 30, 2020
200 law firms suspended in UAE for failing to comply with anti-money laundering procedures
Abu Dhabi: A total of 200 law firms in the UAE that had failed to comply with anti-money laundering procedures have been suspended from...
The Wall Street Journal
- Oct 30, 2020
Goldman Pays Billions—And Takes Millions From Top Execs—To End 1MDB Scandal
The bank will pay nearly $3 billion and recoup $174 from executives Goldman Sachs Group Inc. on Thursday admitted it broke U.S....
BBC
- Oct 23, 2020
Goldman Sachs to pay $3bn over 1MDB corruption scandal
Photo: Richard Drew/AP Photo, File Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) to end a probe of its role in the 1MDB corruption...
Regulation Asia
- Oct 21, 2020
MAS, IBF Take Steps to Prevent Financial Sector Job Losses
IBF will run surveys every six months to obtain data about job losses at FIs to offer their staff reskilling support and possible...
The Wall Street Journal
- Oct 13, 2020
Regulators Fine Citigroup $400 Million Over ‘Serious Ongoing Deficiencies’
Fed, OCC order the nation’s third-largest bank to fix its risk-management systems Federal banking regulators on Wednesday fined Citigroup...
Straits Times
- Oct 6, 2020
MAS orders Wirecard to cease credit card and other payment services in Singapore
The Monetary Authority of Singapore (MAS) has directed Wirecard entities here to cease their payment services in Singapore, it announced...
Regulation Asia
- Sep 29, 2020
RegTech Asia 2020: Trends, Review and Outlook
How has the regtech industry has weathered the Covid-19 storm and provided support to global initiatives designed to keep our economies...
Channel News Asia
- Sep 23, 2020
MAS ‘closely studying' reports on 'FinCEN' leak that mentioned Singapore banks in suspic
The Monetary Authority of Singapore (MAS) said on Monday (Sep 21) it is “closely studying” media reports mentioning Singapore banks in...
BBC
- Sep 21, 2020
FinCEN Files: HSBC moved Ponzi scheme millions despite warning
HSBC allowed fraudsters to transfer millions of dollars around the world even after it had learned of their scam, leaked secret files...
Bristows LLP
- Sep 15, 2020
Regulation, Tech & a special look into Healthcare
It is a common refrain that “regulation is back”. While many will dispute that it ever went away, it does seem true that the nature and...
Financial Times
- Sep 7, 2020
Citi becomes first US bank to win custody prize in China
Wall Street bank receives licence at a time of rapid growth in mainland funds market Citi’s entry into the market comes despite rising...
TechCrunch
- Aug 31, 2020
Railsbank is buying Wirecard Card Solutions, the UK arm of the disgraced fintech
"A recent development since our June 25th blog 'What Wirecard reveals about regulating FinTechs'. We hope you find this update as...
Fintechnews Singapore
- Aug 24, 2020
Will AI Trigger Massive Job Losses in Financial Services?
In financial services, the adoption of artificial intelligence (AI) is growing rapidly, bringing in a plethora of opportunities for...
Straits Times
- Aug 17, 2020
MAS commits $250 million to fast-track financial sector innovation, develop Singaporean fintech tale
SINGAPORE - The Monetary Authority of Singapore (MAS) is stepping up its support for fintech here, by committing $250 million in the...
Fintechnews Switzerland
- Aug 11, 2020
eKYC Landscape in Switzerland
Switzerland has one of the most regulatory heavy ecosystems in the world. Every year, more advanced regulations and compliance are put in...
Fintechnews Singapore
- Aug 4, 2020
MAS Proposes New Regulations Amid Emerging Risks Arising from Digital Assets
Singapore’s central bank, the Monetary Authority of Singapore (MAS), is proposing new regulations that it would give it more power to...
Regulation Asia
- Jul 27, 2020
APAC Regulators Driving Digital Transformation
The pandemic has made it abundantly clear that digital transformation is no longer optional, says Fenergo’s Rachel Woolley. We often...
Fintechnews Singapore
- Jul 13, 2020
Lack of Access to Capital Hindering Australia’s Potential to Be a Leader in RegTech
Limited access to funding and long sales cycles are hampering Australia’s RegTech industry, preventing the sector from realising its full...
Crowdfund Insider
- Jul 6, 2020
Open Banking and Regtech Firm Railsbank Gains Hong Kong Fintech Statrys as New Client
UK-based Railsbank, an Open Banking and Regtech solution provider, revealed on June 29, 2020, that it has gained Hong Kong Fintech...
HealthTechMagazine
- Jun 23, 2020
The Digitisation of Healthcare's Front Door
As healthcare services begin to resume after the COVID-19 pandemic, the ways that patients interact with their providers are poised to...
wolterskluwer.com
- May 28, 2020
Aegean Baltic Bank of Greece selects Wolters Kluwer for regulatory reporting and risk management
Aegean Baltic Bank of Greece (ABB) has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting and OneSumX for Risk Management as its...