Showing Results For Tag: regulation

Sandbox Program on the Horizon for US Fintech
Wednesday, October 12th, 2016

A ‘Fintech Sandbox’ is a technology environment where companies/firms would work in close partnership with regulators to develop their ideas and technology without the red tape that may inhibit their potential growth. In the UK, France, Singapore, Hong Kong and Australia, regulators have already or are currently laying the groundwork for a such a Sandbox… Read more…

Global Trends in Digital Finance Portals
Tuesday, October 11th, 2016

US/UK/EU More established markets like the US, UK and Europe have followed a similar evolution. Due to more transparent regulations, it has allowed players to enter the market and try new models. Asia The most active involvement in digital finance (outside of mainland China) may be South East Asia. Malaysia in particular has been actively… Read more…

Grow Advisors FinTech Minute: Why the Wells Fargo debacle should worry many banks
Sunday, September 18th, 2016

Grow Advisors (a Grow VC Group company) publishes its daily insight into the world of alternative finance and fintech. Here are some highlights: Why the Wells Fargo debacle should worry many banks In September, Wells Fargo admitted to falsely opening millions of banking and credit card accounts over the course of 5 years, without customers’… Read more…

Hong Kong Creates a Fintech Sandbox for Banks
Friday, September 16th, 2016

The Hong Kong Monetary Authority (HKMA) last week announced the launch of a financial technology sandbox, to allow banks to test new innovative products that do not yet meet compliance standards. The new regime is valid as of September 6. The announcement comes a few months following similar action by various governments around the world,… Read more…

China Sets Caps on Peer-to-Peer Lending Transactions
Tuesday, September 6th, 2016

China announced rules to tighten regulation of the national $60 billion P2P lending industry, with a document issued by the Ministry of Public Security, China Banking Regulatory Commission (CBRC), the Ministry of Industry and Information Technology, and the Cyberspace Administration of China. The new regulations took effect on August 24, 2016, but platforms now have… Read more…