Sanday Chongo Kabange

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    Sanday Chongo Kabange is an experienced multimedia journalist and a contributor to Regulation Asia. He focuses on compliance, regulatory and legal issues for financial services.

    Articles by Sanday Chongo Kabange

    Stablecoins

    Korea's Coupang, Woori Bank Pilot Stablecoin in Real-time Payments

    31/07/2026

    Coupang, Woori Bank and others are testing KRW-denominated stablecoins for real-time settlement ahead of the establishment of Korea's new digital asset framework.

    Credit Risk

    Korea to Launch New Credit Scoring Model for Small Businesses

    31/07/2026

    Sixteen banks will pilot an AI-based model using non-financial data to improve loan access for small business owners.

    Fraud, Scams & Cybercrime

    BSP Warns Philippine Banks of Scam Liability

    31/07/2026

    The central bank confirmed that FIs must now reimburse scam victims if their anti-fraud systems fail to meet new legal standards.

    Operational Risk

    ASIC Uncovers Widespread Failings in Bank Mortgage Offset Accounts

    30/07/2026

    Customers were overcharged millions in interest due to systemic errors, prompting ASIC to order banks to strengthen controls and remediate affected clients.

    Cloud & Infrastructure

    Korea FSS Issues New Rules on Third-Party IT Risk Management

    30/07/2026

    New guidelines make boards ultimately responsible for IT outsourcing risks, mandating a new control framework and lifecycle management for vendors.

    Cybersecurity

    Hong Kong Flags Third-Party Cyber Risk After System-Wide Mapping

    30/07/2026

    A joint exercise by four regulators finds no major new systemic risks but highlights concentration in certain third-party service providers, warranting closer supervision.

    Capital Adequacy

    New Zealand Finalises Bank Capital Rules After Industry Pushback

    30/07/2026

    The RBNZ has amended its approach to farm and SME lending risk weights and introduced a transition period following industry consultation.

    Cloud & Infrastructure

    Korean FIs Respond to Rule Relaxations by Adopting Copilot

    30/07/2026

    Relaxed rules for using cloud and AI services have enabled FIs to accelerate the adoption of generative AI for internal operations.

    Conduct, Culture & Accountability

    Australian Banks Told to Look Beyond Staff Error for Code Breaches

    30/07/2026

    New report reveals over 9,000 banking code breaches in six months, and calls on FIs to address systemic issues rather than blaming employees.

    Fraud, Scams & Cybercrime

    Hong Kong to Mandate Biometric Checks for MPF Withdrawals

    29/07/2026

    The move aims to combat fraud by requiring most members to use the 'iAM Smart' app for real-time facial identification when accessing retirement funds.

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