Fintech News

OCTOBER 8, 2024

The Monetary Authority of Singapore (MAS) has released a consultation paper , inviting public feedback on its proposed regulatory framework for Digital Token Service Providers (DTSPs). The consultation paper outlines MAS’ proposed approach to licensing and regulating DTSPs.

Service Provider 108

Service Provider Due Diligence AML Money Laundering 108

The Fintech Times

DECEMBER 29, 2023

Emerging disruptive technologies, including artificial intelligence (AI), have continued to rise on the agenda for C-suite executives in the UK in the financial services industry over the last two years; according to a new study from Accenture , the IT services and consulting firm.

AI 59

AI Consulting Liquidity Risk Risk 59

Fintech News

JANUARY 24, 2024

In May 2023, the MAS released a Consultation Paper on amendments to the Payment Services Regulations 2019, introducing new measures for Digital Payment Token (DPT) services, including a requirement for customer asset safekeeping under statutory trust. The company provides crypto assets, as well as custody and clearing infrastructure services.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

Global Fintech & Digital Assets

NOVEMBER 7, 2023

Dealing in, advising on, or managing portfolios investing in Tokenised Securities: Intermediaries should conduct due diligence on the issuers and their service providers and be satisfied that the ownership and technology risks of the Tokenised Securities are effectively managed.

Distributed Ledger Technology (DLT) 52

Distributed Ledger Technology (DLT) Security Settlement Risk 52

The Fintech Times

MAY 11, 2024

“For the fintech sector, VARA’s ecosystem provides a natural testing ground to customise specialist B2B and B2C solutions in partnership with regulated participants across the value chain, as well as to curate and register their offerings in consultation with VARA.

Regulations 59

Regulations FinTech Innovation Authorization 59

The Payments Association

DECEMBER 9, 2024

Finally, engage with senior managers so that they understand their role in overseeing technology risks and receive the right information for them to do so effectively. Technological solutions Adopting real-time monitoring tools will be vital in helping firms meet UK and EU expectations for operational resilience.

Rules 88

Rules Compliance Risk Management Regulations 88