"The action plan (roadmap) includes RegTech and SupTech concepts, pending projects, and initiatives based on the proposals of financial market participants. The document has been elaborated to ensure that the Bank of Russia carries out efficient and high-tech regulation and supervision."
"Indonesia’s Financial Services Authority (OJK) has granted fully business operational licences to six fintech startups as of September this year. The six startups are Modalku (the Indonesian arm of Funding Societies), KTA Kilat (Pendanaan), Kredit Pintar, Maucash, Finmas (Sinarmas and Oriente-backed fintech firm) and KlikACC."
Source: Deal street Asia
"Amid heavy spending on staff, technology, and marketing in a bid to attract new customers, Nutmeg, the UK's largest robo platform, has revealed a 50% surge in losses in 2018, reports the Financial Times. During the period, it lost £18.6 million ($22.9 million), compared with £12.4 million ($15.3 million) in 2017."
Source: Business Insider
"UK-based insurance startup, Cuvva has appointed Bruce Carnegie-Brown to chair its board, effective immediately subject to regulatory approval. Carnegie-Brown has over three decades of experience in the financial sector in the insurance, banking and asset management sectors."
Source: Fintech Finance
"Visa, Mastercard, eBay, Stripe, and Mercado Pago have all withdrawn from the Libra Association, dealing a major blow to Facebook’s plans for a distributed, global cryptocurrency. The withdrawals were first reported by the Financial Times and Bloomberg."
Source: The Verge
"In an industry-first, HSBC today launched a new trade finance API that gives Financial Institutions (FIs) the ability to build applications for their clients, leveraging HSBCs network and capabilities. For example, FI clients will be able to give clients full visibility of their Guarantees on their own platform even when they are delivered by HSBC to the beneficiary."
Source: Global Banking & Finance Review