Regional Asian governments are exploring new technologies to support FinTech companies and RegTech solutions to meet the greater reporting requirements and higher regulatory standards imposed by regulators. Asian regulators are supporting the idea of “regulation in a sandbox” for companies to test new and disruptive products, services, business models and delivery mechanisms without having to deal with all the regulatory impacts of licensing and compliance at the point of initial start up. However, challenges remain to fitting this enthusiasm into the existing legal and regulatory structures in Asia.

ComplianceAsia assists digital technology providers and users, robo-advisers, P2P lenders, payment services, crowd-funders and blockchain and Bitcoin users to obtain regulatory licences and to provide ongoing compliance support.

ComplianceAsia:

  • advises on cyber-security and technology policies and procedures and regulatory requirements for data storage and management and the use of the cloud
  • works with you and the local regulators to define the scope of your business and the potential licences you require
  • helps firms develop compliant social media policies and monitoring tools
  • has a suite of FinTech tools that assist firms in meeting regulatory reporting and monitoring requirements