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MAS to roll out national KYC utility for Singapore

By Finextra

The Monetary Authority of Singapore (MAS) is piloting a national know-your-customer (KYC) utility for financial services, based on the MyInfo digital identity service, jointly developed by the Ministry of Finance and GovTech, the lead agency for digital and data strategy in Singapore. (more…)

Government activities, Hotnews, Singapore

March 24, 2017

Central bank of Singapore wants to set up new framework for investment funds

By  for TechinAsia

The Monetary Authority of Singapore (MAS) continues to make it easier for investors to set up new funds and operate in the city-state. Today it announced it has opened a public consultation on a new corporate structure for investment funds. People can submit their comments on a number of questions posed in the consultation paper. (more…)

Global trends, Government activities, Hotnews, Payment processors/providers/gateways, Singapore

March 23, 2017

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MAS Conclusion about Distributed Ledger Technology in Securities Settlement and Cross Border Payments

By FintechNews.Sg

The Monetary Authority of Singapore (MAS) today announced the successful conclusion of the proof-of-concept project to conduct domestic inter-bank payments using distributed ledger technology (DLT). The project, in partnership with R3 and a consortium of financial institutions, was first announced on 16 November 2016 by MAS. (more…)

Blockchain, Cryptocurrencies, Government activities, InspirAsia

March 22, 2017

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State Bank of Vietnam establishes fintech steering committee

Governor of the State Bank of Vietnam (SBV) signed Decision No.328/QĐ-NHNN to establish SBV Steering Committee on Financial Technology (Steering Committee on Fintech). (more…)

Banks, Government activities

March 21, 2017

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How PSD2 Will Change Europe’s Banks For The Better

By Artem Tymoshenko for LTP

Banking has always been a very conservative industry. If liquidity drops too low, entire markets can grind to a halt. Open yourself up too much and you become susceptible to fraud and theft. Striking the perfect balance is difficult. In every economy, one of the government’s primary concerns is securing a steady flow of money in the door, while trying to ensure that it doesn’t fly out the window. (more…)

Government activities

March 21, 2017

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Tandem rocked by £29 million funding halt

Digital challenger bank Tandem has been rocked by news that Sanpower, the Chinese conglomerate which owns House of Fraser, has been forced to cancel a £29 million cash injection intended to help the startup meet regulatory capital requirements. (more…)

Banks, Government activities, Mobile-first banks

March 21, 2017

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Govt-Backed ‘Crypto Valley Association’ Launches in Switzerland

By CryptoCoins News

Fintech-friendly Switzerland sees the launch of a new non-profit blockchain advocacy and development group with the launch of the Crypto Valley Association, backed by the government. (more…)

Blockchain, Fintech news, Global trends, Government activities, Payment processors/providers/gateways

March 3, 2017

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UK & US Fintech Working Group to explore regtech

By Finextra

Innovate Finance, the independent membership association that represents the UK’s global FinTech community, together with its strategic partner Hogan Lovells, is looking at the potentially transformative role that regulatory technology (RegTech) might play in tackling the fragmented US financial environment.  (more…)

Fintech news, Government activities

February 28, 2017

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Payments transformation: How banks can innovate to stay relevant – A Banking Byte event

By Finextra

The payments landscape is changing profoundly and all banks recognise that their payments strategies and technology stacks need to change in response. The drivers for transformation are clear: regulation, notably the revised Payment Services Directive (PSD2), changing customer behaviour, and rapidly evolving technology.  (more…)

Fintech news, Government activities, Open Source/ API, Payment processors/providers/gateways

February 28, 2017

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How Government Organizations Can Set the pace for Blockchain Technology Adoption

By CryptoCoins News

All types of organizations stand to gain new benefits from blockchain technology, but governments are uniquely positioned to not only gain such benefits for themselves, but to help establish blockchain infrastructure that benefits all business and consumer sectors. (more…)

Blockchain, Fintech news, Global trends, Government activities

February 28, 2017

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Korean Central Bank To Deploy R3’s Blockchain Proof Of Concept

By CryptoCoin News

The Bank of Korea plans to execute the R3 consortium proof-of-concept blockchain technology project. Kim Jung-hyuk, head of the e-finance planning team for the bank’s financial supervisory service, announced the project at the Digital Money 2017 conference, according to EconoTimes. (more…)

Blockchain, Fintech news, Government activities, Korea

February 24, 2017

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FinTech Investment in Australia Increased in 2016; Slumps Around the World

By CryptoCoins News

Analysis has found that investment in Australia’s FinTech startups rose last year compared to the rest of the world.

 

(more…)

Analytics, Fintech news, Government activities, Marketing Report

February 24, 2017

The logo of the new Financial Conduct Authority (FCA) is seen at the agency's headquarters in the Canary Wharf business district of London April 1, 2013.   REUTERS/Chris Helgren

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British, Canadian regulators agree to assist fintechs

By Reuters

British and Canadian regulators have signed an agreement to make it easier for financial technology companies to expand in each other’s markets, they said on Wednesday. (more…)

Fintech news, Government activities

February 23, 2017

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India wants to make credit and debit cards obsolete for payments

By Mashable

Ever since India invalidated much of its cash, it has been encouraging its citizens to switch to mobile wallets and other epayment solutions. Today, it took another step in pushing its citizens to embark on the cashless payment solutions — but early boomers aren’t going to like it.  (more…)

Cashless, eWallets, Government activities, Mobile payments/banking

February 23, 2017

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EU To End Geoblocking For Digital Currency Users, Blockchain, Bitcoin Wallets Affected

By William Suberg for The CoinTelegraph

The European Union is seeking to end geoblocking of citizens in member states who use digital currencies.

A draft outline by the European Union Committee on Internal Market and Consumer Protection “aims to lift any unjustified barriers in e-commerce and to be a decisive step towards the completion of the Digital Single Market.” (more…)

Cryptocurrencies, Government activities, news

February 22, 2017

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Tread Carefully, JD Finance

By  for Bloomberg

A week after lauding JD.com Inc.’s finance affiliate for moving into new and growing businesses (auto insurance), I should probably pause to add a caveat: tread carefully. (more…)

About, China, Credit scoring, Crowdfunding/investing, Fintech news, Government activities, p2p/online lending

February 21, 2017

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World Government Not Ready For Blockchain: Deloitte Report

By William Suberg for The CoinTelegraph

The latest report by accounts giant Deloitte suggests world governments are underprepared for disruptive technologies including Blockchain. (more…)

Blockchain, Fintech news, Government activities, Marketing Report

February 19, 2017

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Online lenders like UangTeman to face new regulations in Indonesia

By TechInAsia

Indonesia’s financial services authority (OJK) is working on new rules for online money lenders, The Jakarta Globe reported earlier this week. The expected release date is between April and June this year. (more…)

Fintech news, Government activities, Indonesia, p2p/online lending

February 18, 2017

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Bitcoin Transaction Volumes Up 55% in 2017

By TheCoinTelegraph

Bitcoin’s transaction volume in 2017 exploded to $260 mln per day – or $180,000 per minute, according to the latest statistics. (more…)

Analytics, Cryptocurrencies, Fintech news, Government activities

February 18, 2017

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A Banking Revolution For Small Business – UK’s Nesta Challenges Fin Tech To Step Up To The Plate

By Forbes

Small business banking in the United Kingdom is about to undergo a radical shake-up, driven in part by pressure from the competition regulator. (more…)

About, Banks, Fintech news, Government activities, SME

February 18, 2017

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FinTech in New Zealand Set to Boost Economic Growth

By CryptoCoinsNews

A tech leader and software company director has said that the setup of a national FinTech organization will push New Zealand’s economic growth. (more…)

About, Cryptocurrencies, Fintech news, Government activities

February 16, 2017

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Government has Implemented Initiatives to Promote Fintech Application

by 

Secretary for Financial Services & the Treasury Prof KC Chan says the Government has implemented initiatives to promote fintech application, investment and development in Hong Kong. (more…)

About, Fintech news, Government activities, Hong Kong

February 16, 2017

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Everything You Need to Know About Hong Kong’s FinTech Ecosystem: Startups, Regulators, Investors and Accelerator Programs

By LTP

Why Hong Kong?

Charles d’Haussy, the Head of FinTech at Invest Hong Kong (InvestHK), gave a perfect answer to our question, saying, Hong Kong has all the ingredients to be the global and regional FinTech hub. (more…)

About, Accelerators/Incubators/Labs, Fintech news, Government activities, Hong Kong

February 16, 2017

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We Shouldn’t “Kill” Bitcoin But Regulate: Former Bank of China Governor to CCTV

By Joseph Young for CoinTelegraph

During an interview with China Central Television (CCTV), a predominant state television broadcaster, L H Li, the former governor of Bank of China, one of the largest banks owned by the Chinese government, and member of the People’s Congress, stated that the Chinese central bank should try to regulate Bitcoin companies and users rather than attempting to stop the adoption of Bitcoin.

(more…)

About, China, Cryptocurrencies, Fintech news, Government activities

February 16, 2017

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Indonesia authority to allow on-balance-sheet lending for fintech startups

By Anisa Menur A. Maulani for e27

The proposal came about two months after the authority banned fintech startups from lending money directly to their customers. (more…)

Fintech news, Government activities, Indonesia, p2p/online lending

February 16, 2017

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Hong Kong Financial Markets Authority Joins R3 to Test Blockchain Transactions

By Samburaj Das for CryptoCoins News

The Securities and Futures Commission, an independent statutory authority that regulates the securities and futures markets in one of the world’s major financial hubs in Hong Kong is joining the R3-led financial blockchain consortium. (more…)

Blockchain, Fintech news, Government activities, Hong Kong

February 14, 2017

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After Bitcoin Dropped 10%, How Likely Is An ETF Now?

By Laura Shin for Forbes

As Tyler and Cameron Winklevoss’s almost four-year-long pursuit to offer a Bitcoin exchange-traded fund or ETF nears its final deadline on March 11, developments in bitcoin continue to shift the calculus for tea-leaf readers. (more…)

Cryptocurrencies, Fintech news, Government activities

February 11, 2017

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After surge in transactions, Philippine central bank regulates Bitcoin

By  for TechInAsia

The Philippine central bank has decided to regulate virtual currencies, particularly Bitcoin, with more and more people using it to transfer money across borders. (more…)

Cryptocurrencies, Fintech news, Government activities, Japan, Philippines

February 11, 2017

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11 Fintech Companies in UK’s Trade Delegation to Australia & New Zealand

By Samburaj Das for CryptoCoinsNews

The Department for International Trade (DIT), the UK’s sole government department that negotiates to strike or extend trade agreements between the UK and non-EU states will send a Fintech delegation of 11 UK companies to Australasia. (more…)

Fintech news, Government activities

February 6, 2017

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New Zealand to get fintech focus group

By Finextra

New Zealand’s biggest and smartest financial businesses are coming together with the Ministry of Business, Innovation and Employment (MBIE) around the launch of FinTechNZ, to take place in Christchurch, Wellington and Auckland next week. (more…)

Fintech news, Government activities

February 4, 2017