Regtech

QTUM Partners Blockpass to Offer Blockchain-Based Regtech Solutions

Blockpass, a regtech platform leveraging the use of blockchain, has announced its partnership with QTUM, an open-sourced public blockchain application platform. Through this new partnership, Blockpass and QTUM will work together to support the space. This includes QTUM offering subsidies

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6 Ways Hong Kong Banks are Using Regtech to Combat Financial Crimes

A new report published by the Hong Kong Monetary Authority (HKMA) looks at six ways banks in the region have used regtech tools for anti-money laundering and combating the financing of terrorism (AML/CFT) purposes. The report, produced in collaboration with

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HKMA Highlights 4 Regtech Uses Cases During COVID-19 Pandemic

  As the COVID-19 pandemic continues to profoundly disrupt the financial services landscape, technology holds to key to overcoming the operational challenges caused by the public health crisis, according to Hong Kong Monetary Authority (HKMA). In HKMA’s fifth issue of

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Cyberport: Regtech Has Potential to Become Hong Kong’s Rising Industry Star

Regtech was a heavily discussed subject at this year’s Hong Kong Fintech Week, in fact a recent study published by the RegTech Association of Hong Kong indicated that the segment has grown tenfold in the past five years. Cyberport, Hong

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Regtech in Hong Kong Grew 10 Times in Last 5 Years

Regtech in Hong Kong has expanded around 10 times in the number of Regtech companies in recent 5 years, and each of the one-fifth of surveyed Regtech companies are targeting to raise over 5 million USD venture investment in 2021,

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Hong Kong’s ZA Bank Selects Accuity’s Regtech Solution

Hong Kong based ZA Bank announced that it has selected Accuity, provider of financial crime screening, payments and counterparty know your customer (KYC) solutions. The virtual bank has implemented Accuity’s screening solution to improve customer experiences, and at the same

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Wolters Kluwer Bags ZA Bank as a Customer for Its Regtech Solutions

ZA Bank, the first virtual bank in Hong Kong, has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting as its regulatory reporting software. Their media statement describes OneSumX for Regulatory Reporting combines bank data into a single source of data to

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Hong Kong Chooses 3 Startup as Part of the Global Fintech Sandbox Project

The Hong Kong Monetary Authority (HKMA), is one of 17 global regulators that are participating in the Global Financial Innovation Network (GFIN) cross-border pilot tests—which has just shortlisted 8 fintechs. In total, 44 unique applications were submitted across the 17

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FWD Group Buys Into Bloomberg’s Risk-Management Software

FWD Group, a Hong Kong-based insurance arm of Pacific Century Group has bought into Bloomberg’s risk management solutions. Some of the systems that FWD have brought on include Bloomberg’s Multi-Asset Risk System (MARS), its Asset and Investment Manager (AIM), its

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HKMA Explores Suptech, The Overlooked Missing Piece of The Smart Banking Picture

It is often said that fintech is one of the most regulated tech sectors in the world, and for good reason. There are dire consequences to any developing tech going wrong (Facebook’s recent privacy scandal comes to mind), but straits

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