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News | Latest Updates and Insights
Stay updated with the latest news and insights from RegPac Revolution. Explore our coverage on digital trade agreements, tech trends, and more, written by our industry experts.
RegPac Revolution
Aug 23, 2024
EU and Singapore Conclude Negotiations for Landmark Digital Trade Agreement
The recently concluded negotiations between the EU and Singapore for a landmark Digital Trade Agreement (DTA) mark a significant step...
RegPac Revolution
Aug 19, 2024
NGO’s demand Government Action to Combat Cyberbullying with Stricter Social Media Regulations
In light of a recent tragedy involving a TikTok content creator who allegedly committed suicide following persistent cyberbullying, NGOs...
RegPac Revolution
Aug 16, 2024
Shaping a Greener Future: How the Greening Education Initiative Equips Young Minds for Sustainability
In the face of mounting environmental challenges, educating the next generation on sustainability is more critical than ever. The...
RegPac Revolution
Aug 13, 2024
AI for ESG: Benefits, Challenges and the CIO's Role
In recent years, integrating artificial intelligence (AI) into Environmental, Social, and Governance (ESG) initiatives has become a...
Channel News Asia
May 23, 2024
China's leading COVID-19 expert is exploring climate change as part of preparations for the next global pandemic.
While new COVID-19 variants persistently emerge globally, scientists and medical professionals are proactively gearing up for the next...
Channel News Asia
May 15, 2024
Changi Airport initiates renewable diesel trials for airside vehicles
SINGAPORE: To support the decarbonisation of Singapore’s aviation sector, trials will be launched to test the use of renewable diesel in...
Financial Times
May 8, 2024
Asia's ESG fund inflows take a sharp dive in the first quarter
In the first quarter of the year, sustainable fund flows in Asia, excluding Japan and China, were described as "subdued," marking a 63...
Financial Times
Apr 30, 2024
The UK minister announces that G7 nations have committed to phasing out coal power by 2035.
A UK minister stated that energy and climate ministers from the G7 group of industrialized nations have concurred on discontinuing the...
Financial Times
Apr 24, 2024
Indonesia's national investment fund aims to transition towards green energy with a $1 billion investment strategy.
The sovereign wealth fund of Indonesia is set to allocate investments of up to $1 billion this year, with a focus on green energy...
ESG News Asia
Apr 17, 2024
First in Asia: HK International Airport pioneers the use of renewable diesel for ground services equipment
The Airport Authority of Hong Kong (AAHK) has announced a renewable diesel pilot initiative at Hong Kong International Airport (HKIA) in...
Business Times
Apr 2, 2024
MAS introduces a centralized digital platform to combat money laundering and terrorism financing.
The Monetary Authority of Singapore (MAS) launched Cosmic – which stands for Collaborative Sharing of Money Laundering/Terrorism...
CoinDesk
Mar 27, 2024
Philippines Securities Watchdog Halts Binance Operations
SEC Issues Warning: Binance Operating Without Licenses in the Philippines. Company Advised to Address Compliance Issues -- Read more HERE
BBC
Feb 7, 2024
Facebook and Instagram will mark all AI generated images as fake.
Meta says it will introduce technology that can detect and label images generated by other companies' artificial intelligence (AI) tools....
BBC
Nov 22, 2023
Binance CEO Changpeng Zhao Pleads Guilty to Money Laundering Charges
The Binance chief executive, Changpeng Zhao, has resigned after pleading guilty to money laundering violations. -- Read HERE.
European Union
Oct 31, 2023
G7 leaders agreed on Guiding Principles and a Code of Conduct on Artificial Intelligence
The Commission welcomes today's agreement by G7 leaders on International Guiding Principles on Artificial Intelligence (AI) and a...
Regulation Asia
Sep 28, 2023
MAS Suggests Strategy for Funding the Early Retirement of Coal Plants
A new paper by MAS and McKinsey proposes the generation and sale of “transition credits” to reduce the economic gap from retiring a coal...
Financial Times
Aug 31, 2023
Switzerland reveals stricter measures against money laundering
Switzerland intends to mandate increased transparency to tackle its image as a destination for questionable profits. -- Read more here.
BBC
Mar 29, 2023
Beginning in 2035, all new vehicles sold in the EU must be zero-emission vehicles
Countries in the European Union have approved a landmark law that will ensure all new cars sold from 2035 must have zero emissions. --...
Financial Times
Mar 20, 2023
UBS and Rival Credit Suisse Reach a USD 3.25b Rescue Agreement
UBS agreed to buy Credit Suisse for $3.25bn after a frantic weekend of negotiations brokered by Swiss regulators to safeguard the...
Financial Times
Mar 17, 2023
UK regulator slams payment groups' "unacceptable" risk
The UK’s top financial regulator has warned against shutting down payments firms offering bank-like services without a banking license...
BBC
Mar 8, 2023
Slimmed-down websites can cut carbon emissions
Websites can reduce carbon footprint, and one way is to switch to hosting based on renewable energy. -- Read more here.
BBC
Mar 1, 2023
Flying Green is Not Easily Reachable, According to Scientists
You may be hoping that guilt-free flying is just around the corner, but scientists warn it is still a long way off. -- Read more here.
Monetary Authority of Singapore
Feb 15, 2023
Industry Taskforce is launching the Third Consultation on Green and Transition Taxonomy
The Green Finance Industry Taskforce (GFIT), convened by the Monetary Authority of Singapore (MAS), today launched its final public...
Channel News Asia
Feb 8, 2023
Singapore will Scrutinize All Carbon Markets and Initiatives Seriously
Singapore will take all scrutiny of carbon markets and projects seriously, as it finalises a list of international carbon credits that...
BBC
Jan 19, 2023
Delaying Climate Action Will Harm the Economy - Tory MP's Review
A Conservative MP has said delaying climate action risks damaging the UK's economic prospects, in a major review of the government's net...
BBC
Dec 21, 2022
Can We Return 30% of the Earth to Nature?
It's being called the last chance for nature - 100 countries backing calls to protect 30% of the planet. -- Read more here.
Finextra
Dec 14, 2022
Visa Europe Assembled Sustainability Solutions Team
Visa's European arm has established a sustainability solutions team as part of its commitment to make payments greener. -- Read more here.
Regulation Asia
Dec 7, 2022
Firms from China and Hong Kong are Increasing in Singapore
Up to 500 Chinese companies are estimated to have set up in Singapore this year. Meanwhile Hong Kong hedge funds are increasingly setting...
Regulation Asia
Nov 16, 2022
Singapore Kicks Off New Climate Finance Accelerator
MAS, Google Cloud and KPMG launched the accelerator to channel capital toward companies with market-ready climate fintech solutions. --...
Finextra
Nov 9, 2022
SFF 2022: Vitalik Buterin’s take on the success of Ethereum’s The Merge
Ethereum co-founder Vitalik Buterin graced the main stage at Singapore Fintech Festival to highlight successes since The Merge in...
Regulation Asia
Oct 20, 2022
ABS Released Guidelines for Sustainability in Private Banking
A common industry training benchmark has also been established to help upskill private banking relationship managers in the area of...
Finextra
Oct 6, 2022
Monetary Authority of Singapore opened its ESG Impact Hub
The Monetary Authority of Singapore has launched an ESG Hub designed to spur collaboration between fintech startups, financial...
Finextra
Sep 7, 2022
Singapore Welcomes a New Digital Bank.
The digital bank market in Singapore has grown following the launch of Trust Bank, a partnership between Standard Chartered and local...
Finextra
Sep 1, 2022
Singapore is Tightening Its Rules for Retail Crypto Trading
The Monetary Authority of Singapore could introduce "customer suitability tests" in an effort to discourage people from trading...
Finextra
Aug 25, 2022
Crypto-crime revenue dropped by 65%
Revenue derived from cryptocurrency-related crime is down by 65% in the first half of 2022 compared to the corresponding period in 2021....
Finextra
Aug 10, 2022
Cryptoassets in the metaverse could cause systemic risk- BofE
If a decentralised metaverse continues to grow, there are potential risks from cryptoassets that could have systemic financial stability...
Regulation Asia
Jul 27, 2022
MAS, Google Cloud Launch New Climate FinTech Support Program
Point Carbon Zero is a three-year program launched under Project Greenprint with the goal of stimulating the growth of climate FinTech...
Regulation Asia
Jul 6, 2022
MAS Assesses Fairness of FIs’ Use of AI/Machine Learning
A MAS-led thematic review has analyzed the implementation of fairness principles by selected financial institutions in the use of...
Regulation Asia
Jun 23, 2022
Japanese Ministry of Finance is seeking new powers to confiscate crypto assets in the country
Japan's Ministry of Justice is looking to create rules that would allow the courts and police to take control of digital assets – such as...
CNBC
May 5, 2022
France Granted Crypto Giant Binance a Regulatory Approval
Binance, one of the world's largest cryptocurrency exchanges, has been granted approval from French regulators to operate its exchange in...
BBC
Feb 28, 2022
West will Shut Off Some Russian banks from the Swift System
Several Russian banks have been shut off from the major international payment system, Swift, by the EU, the US, and its allies. Russia's...
RegPac Revolution
Jan 6, 2022
The Bank of England fined Standard Chartered €55 million - the latest UK bank fined by authorities
STANDARD Chartered is the third British bank to face multi-million euro penalties this week for regulatory violations. - Read the full...
Channel News Asia
Dec 29, 2021
Former Bank Employee Imprisoned for Embezzling S$1.13 Million, Replaced Notes with Counterfeits
Over the course of two years, a banking operations specialist stole S$1.13 million from his company's safe, either by taking more cash...
Regulation Asia
Nov 17, 2021
Asia's Payment Scene Stars the Singapore Fintech Festival
This year's Singapore Financial Festival, held from November 8 to 12, 2021, saw plenty of fresh developments in the Asian fintech...
Monetary Authority of Singapore
Nov 10, 2021
Fintech Regulatory Sandbox from MAS is Getting an Enhancement - Now Called Sandbox Plus
The Monetary Authority of Singapore (MAS) announced three changes to its FinTech Regulatory Sandbox platform, Sandbox Plus, in order to...
Finextra
Nov 3, 2021
How Can Data, Technology, and the Private Sector Help Combat Climate Change
Ruth Porat, Chief Financial Officer of Google's parent company, Alphabet; Lord Stern, Chair, Grantham Research Institute on Climate...
Monetary Authority of Singapore
Oct 8, 2021
Combatting money laundering, MAS and Financial Industry will use a new digital platform
The Monetary Authority of Singapore (MAS) announced that it will introduce a digital platform and enabling regulatory framework to allow...
Finextra
Sep 28, 2021
APP fraud losses overtook card crime in H1 2021
According to recent data from UK Finance, losses from approved push payments fraud surpassed losses from card fraud for the first time in...
Regulation Asia
Sep 13, 2021
Cyber Risk, Credit Losses, and Market Exuberance are all warned against by EU regulators
The European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), and the European Insurance and Occupational...
Regulation Asia
Sep 6, 2021
In Singapore, the SGX has finalized the framework for SPAC listings.
The final framework reduces the minimum market cap necessary for a SPAC listing from S$300 million recommended in SGX's March...
RegPac Revolution
Jan 174 min read
Simplifying Market Entry for B2B Companies: A Comprehensive Guide for Success
As the global economy continues to evolve, 67% of B2B companies identify international expansion as a crucial driver for growth. This...
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RegPac Revolution
Aug 23, 20243 min read
Leveraging Regulatory and Technological Advances: A Case Study for Financial Innovation
Illustration of Regulatory and Technological Advances, photo by ThisIsEngineering on Pexels The financial sector is at a critical...
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RegPac Revolution
Aug 19, 20244 min read
6 Trends Shaping Financial Advice in the Fintech Era
One of the trends shaping financial advice is the emergence of ‘Finfluencers', who often have no formal training or education in finance.
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RegPac Revolution
Aug 9, 20244 min read
Is AI the Answer for Better Government Services? Exploring Public-Private Collaboration
Explore how public-private collaboration could be the key to successfully integrating AI into government service.
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RegPac Revolution
Jul 23, 20244 min read
NASA Seeks Innovative Solutions for Lunar Waste Management
NASA's LunaRecycle Challenge seeks innovative recycling solutions for lunar missions, aiming for sustainable waste management on the moon.
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RegPac Revolution
Oct 27, 20235 min read
Web3 Meets ESG: Navigating the Future Landscape of Sustainable Finance
The meeting point of Web3 technologies and Environmental, Social, and Governance (ESG) principles is becoming a key point in sustainable...
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RegPac Revolution
Oct 11, 20234 min read
From Epik AI Yearbook to AI in Finance, is Generative AI a Boon or a Bane?
In recent years, Generative AI has emerged as a groundbreaking technology, holding promise for a multitude of sectors ranging from...
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RegPac Revolution
Oct 3, 20234 min read
Singapore's Billion-Dollar Scandal: Stark Reminder of Risk Management Failures
The Singapore money laundering case, involving S$1.8 billion (US$1.3 billion) in seized assets, unveils a grim tale of financial...
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RegPac Revolution
May 17, 20237 min read
ESG: The Game-Changer in Business or Just Another Buzzword?
The world has witnessed an increasing focus on Environmental, Social, and Governance (ESG) principles, with many companies embracing them...
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RegPac Revolution
Apr 19, 20234 min read
Regulatory Compliance Made Easy with RegTech in APAC
Regulatory compliance can be challenging for businesses operating in the Asia-Pacific (APAC) region. APAC is home to diverse economies...
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RegPac Revolution
Mar 15, 20239 min read
Building a Better Future: The Role of Impact Investing in Risk Management for a Sustainable World
Introduction As the world faces mounting challenges from climate change and social inequality, the call for sustainable solutions has...
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RegPac Revolution
Sep 17, 20215 min read
Cryptocurrency Gained a Breakthrough in 2021, Should You Buy?
From two Papa John’s pizzas worth 10,000 BTC in 2010 to around $40,000 to 1 BTC, bitcoin has come a long way. And not just the father of...
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RegPac Revolution
Sep 8, 20215 min read
How Blockchain and RegTech Complement Each Other
The rise of RegTech has been a direct response to the constantly evolving regulatory landscape. The industry is continuously innovating...
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RegPac Revolution
Sep 1, 20215 min read
A Closer Look at DeFi and How it Will Change Traditional Banks
The financial industry is changing. As the global economy becomes more and more digital, we are seeing a trend towards decentralized...
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RegPac Revolution
Aug 18, 20216 min read
Crunching on Cloud Computing for Your Business: Deep Dive into the Benefits and Disadvantages
Cloud computing has gained popularity over the last decade. It's been on a rapid growth trajectory, with revenues expected to reach $832...
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RegPac Revolution
Aug 11, 20215 min read
Keeping AI Safe Through Responsibility and Regulations
AI is a powerful technology. It needs regulations to remain truthful, fair, and equal. Here is how to keep AI safe in the future
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RegPac Revolution
Jul 21, 20215 min read
GDPR: EU's Effective Data Protection
Have you ever been bugged by various calls from unknown numbers asking if you wanted to make a loan, apply for a credit card, or just...
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RegPac Revolution
Jul 14, 20214 min read
Safeguarding Data with the Help of Regulators
The 2020 World Economic Forum reported that cyberattack is still one of the most pressing risks that industries face, especially going...
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RegPac Revolution
Jul 7, 20215 min read
Cryptocurrency and its Myths
“Nothing is perfect in this world; everything has its pros and cons…” -Nivendita Sharma This generation, where anything digital and...
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RegPac Revolution
Jun 29, 20215 min read
Why Your Business Needs To Be ESG-Compliant
Starting as a mere campaign by activists decades ago, Environmental, Social, and Governance (ESG) standards now play a big role in...
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RegPac Revolution
May 12, 20215 min read
First Mover Versus Improver: How Market Entry Timings Affect Your Bottom Line
There is a certain allure to being the pioneer, but is it better to be the first or a late mover?
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RegPac Revolution
Apr 29, 20215 min read
How the Pandemic Accelerates the Fundamental Need for RegTech Solutions
The current COVID-19 pandemic will drive broader adoption of regulatory technology (RegTech) solutions and automation worldwide. Its...
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RegPac Revolution
Apr 21, 20213 min read
Grab’s Recent Multibillion-Dollar SPAC Deal, Regulatory Hurdle, and Growth
Grab, the super app from Southeast Asia, is going public in the US by agreeing to merge with a special-purpose acquisition company...
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RegPac Revolution
Apr 12, 20215 min read
How Distributed Ledger Technologies are Enhancing Businesses to Stay Relevant in the Digital Age
“Digital/mobile wallets set to be the online payment method of choice by 2023 with 52 percent market share.” This is the future,...
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RegPac Revolution
Dec 17, 20205 min read
The Crossroads of Financial Inclusion & RegTech
In recent years we have seen first hand how the Regulatory Technology (RegTech) industry has grown exponentially, increasing not only...
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RegPac Revolution
Dec 2, 20203 min read
RegPac Revolution executes Landmark Virtual RegTech Summit
RegPac Revolution, A Singapore based global Regulatory Technology (RegTech) ecosystem builder, accelerator, and risk management...
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RegPac Revolution
Oct 15, 20208 min read
Why is the legal industry so resistant to tech. Or is it?
Legal Technology or LegalTech, (sometimes also referred to as LawTech) is a broad term encompassing any software or technologies that...
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RegPac Revolution
Oct 2, 20207 min read
The FinCEN leaks reveal a failing system, not failing banks.
Banks and bankers’ reputations are currently at an all time low with outcry over the FinCEN file leak. However, to what extent are banks...
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RegPac Revolution
Sep 25, 20208 min read
The pandemic as a catalyst for healthcare transformation
The implications of COVID have touched everyone. Whether that's directly from catching the disease, or having your liberties curtailed in...
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RegPac Revolution
Sep 16, 20207 min read
Asset Tokenisation: a solution searching for a problem?
For many, the term ‘tokenisation’ doesn’t ring bells outside the broader scope of data security, but in the financial world, this...
167 views0 comments
RegPac Revolution
Sep 3, 20205 min read
The year-on-year cost of compliance. Are we now less compliant than ever?
As we venture into the fourth quarter of this unprecedented year, still many uncertainties loom over the heads of businesses, large and...
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RegPac Revolution
Aug 28, 20206 min read
The Fourth Industrial Revolution: Facial recognition and the future of KYC
Resulting from the covid-19 pandemic, traditionally face-to-face interactions such as board meetings, press conferences, product...
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RegPac Revolution
Aug 20, 20205 min read
Unraveling RegTech's role within Insurtech
RegTech's success in the financial services industry has, ironically, also been one of the factors limiting its growth. Many understand...
305 views0 comments
RegPac Revolution
Aug 5, 20206 min read
The Malaysian 1MBD fraud scandal - can RegTech overcome kleptocracy?
Last Tuesday, the 28th of July 2020, disgraced former Malay Prime Minister Najib Razak was found guilty on the seven charges brought...
143 views0 comments
RegPac Revolution
Jul 22, 20205 min read
“Significant Compliance Failures” - Deutsche Bank fined US$150M in Epstein case
In a July 2020 Consent Order, the Frankfurt based Deutsche Bank agreed to pay a fine of US$150M “for significant compliance failures”...
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RegPac Revolution
Jul 16, 20204 min read
RegTech, the unsung hero against financial fraud in a pandemic
There is no denying that globally, financial crime is a huge and growing issue, exacerbated by the onset of covid-19. In today’s digital...
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RegPac Revolution
Jul 2, 20204 min read
The Fall of Hin Leong and the Rise of RegTech
The ongoing Hin Leong scandal highlights the dangers of a lack of oversight and under-reporting necessitating the need for tech solutions...
987 views0 comments
RegPac Revolution
Jun 25, 20205 min read
What Wirecard reveals about regulating FinTechs
Wirecard's Founder, Markus Braun, was arrested on Monday evening after handing himself in, on suspicion of misrepresenting the payments...
330 views0 comments
RegPac Revolution
Jun 12, 20205 min read
RegTech in Healthcare: Opportunities and Challenges
For many, Regulation Technology is perceived as a branch of financial technology. In this light, while FinTechs are helping players...
860 views0 comments
RegPac Revolution
Jun 1, 20208 min read
RegTech & Regulatory Reporting: Interview with Joanne Horgan, Chief Innovation Officer at Vizor
In the run up to our webinar 'Revolutionising Regulatory Reporting', delivered in partnership with Vizor Software, we had the...
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RegPac Revolution
May 22, 20204 min read
RegTech & Regulatory Reporting: Part 3: Harmonising Challenges with Technology
The Financial Crisis of 2008 had far reaching social and economic ramifications. Within the Financial Services industry, the collapse of...
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RegPac Revolution
May 14, 20205 min read
RegTech & Regulatory Reporting: Part 2: The Reporting Solution
Part 1 of the blog (which you can read here) showed how the gathering, aggregation and sharing of quantitative risk data and qualitative...
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RegPac Revolution
May 4, 20204 min read
RegTech & Regulatory Reporting: Part 1: The Reporting Challenge
Regulatory reporting is simply the submission of raw or summary data required by regulators to evaluate a bank's operations and its...
437 views0 comments
RegPac Revolution
Apr 16, 20204 min read
Solving the AI scalability problem
It is undeniable that AI technology is going to revolutionise business practices and radically transform the business environment. The...
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RegPac Revolution
Apr 8, 20204 min read
How companies can remain compliant even in times of crisis
The increasing escalation of the Covid-19 pandemic is affecting every aspect of society. From a financial perspective, the pandemic is...
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RegPac Revolution
Apr 2, 20203 min read
Empowering companies to leverage AI to step ahead of fraud
Current anti-fraud tools are lethargic and ineffective when it comes to preventing fraud. At present, tools to prevent money laundering...
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RegPac Revolution
Mar 26, 20203 min read
How AI is changing KYC
The Asia-Pacific (APAC) markets are rapidly growing and opening up to new entrants that promise to transform the traditional banking...
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RegPac Revolution
Mar 18, 20202 min read
Why we should pay more attention to AI in Non-Financial Risk
Accenture’s 2019 Compliance Risk Study found that nearly three-quarters (71%) of compliance departments at financial institutions face a...
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RegPac Revolution
Mar 6, 20202 min read
International Tech Connect
The International Tech Connect group was established last year to foster a wider collaboration between public/private Tech communities...
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RegPac Revolution
Feb 28, 20202 min read
RegPac Monthly Update: February
Despite the coronavirus doing its best to bring the world to a standstill, here at RegPac we have had a busy month. After numerous events...
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