HKMA sets out four-step initiative to drive bolstered RegTech adoption
The Hong Kong Monetary Authority (HKMA) has outlined four actions to promote the use of RegTech in the Hong Kong banking sector.
Bari Bank introduces credit and debit card for children
Italian digital bank Bari Bank has introduced a debit and credit card supplied with pre-set funds for children and teenagers.
Covid-19 accelerates demand for RegTech solutions in Asia, report finds
A report by Enterprise Ireland has found the effects of the Covid-19 pandemic has sped-up the demand for the adoption of RegTech solutions in the Asia Pacific (APAC) region.
Is there a need for globally mandated ESG reporting requirement?
As dangers associated with climate change continue to become more inescapable in the lives of companies and individuals alike, the importance and need for ESG – Environmental, Social and Governance – in the financial sector is growing stronger. Is it time for globally mandated ESG reporting in the financial sector?
Hong Kong could introduce mandatory climate disclosures as early as 2022, HKMA claims
The Hong Kong Monetary Authority (HKMA) is apparently planning to speed up proposals to require financial organisations to disclose their climate change-related financial risks.
HKMA unveils new guide to aid banks with RegTech solution implementation
The Hong Kong Monetary Authority (HKMA) has introduced a Regtech Adoption Practice Guide that aims to offer banks with guidance on how to implement RegTech solutions.
Japanese report offers recommendations on promoting sustainable finance
A report by a panel set up by Japan’s Financial Services Agency (FSA) has provided recommendations on how to promote sustainable finance in the country.
Study finds AML compliance costing UK firms over £28bn a year
A study by LexisNexis Risk Solutions has found anti-money laundering (AML) compliance is costing UK financial institutions £28.7bn and will raise to £30bn by 2023.
ECB: Digital euro will be a complement to cash, not a replacement
European Central Bank (ECB) executive board member Fabio Panetta has claimed that despite the growth in digital currency, there is still a huge demand for physical cash.
Veriff, Monese partner to offer secure digital banking services to Europe
Estonian identity verification firm Veriff has teamed with mobile money app Monese to provide strengthened and secure digital banking services to European consumers.