AML / KYC

HKMA, Cyberport Concludes Fourth AML Regtech Lab

08/06/2023

The HKMA said it aims to have all retail banks taking a “consistent, coordinated approach to real-time fraud monitoring” by September 2023.

Crypto / Digital Assets

Hong Kong: Going Digital Caused Scams to Rise 45.1% in 2022

07/06/2023

Data compiled by law firm Freshfield Bruckhaus Deringer shows that Hong Kong deception cases grew 45.1 percent in 2022.

Consumers Still First Line of Defence Against Fraud

07/06/2023

Fraudulent websites are causing chaos. Banks and regulators have taken on a parenting role to stop consumers from falling prey to scammers.

Crypto / Digital Assets

Temasek Cuts Pay of Investment Team After FTX Losses

29/05/2023

Temasek said members of its investment team took collective accountability for the investment in FTX and hence took a pay cut.

Fintech / Regtech

Cambodia’s Sathapana Bank Signs Up For AI Platform

29/05/2023

Artificial intelligence is being used by banks to assess the credit risk of borrowers.

Fintech / Regtech

PITCH! REGTECH: Drawing the Line Between RegTech and Frustrated Customers 

25/05/2023

As they embark on the RegTech race, banks cannot ignore frustrated customers.

Fintech / Regtech

PITCH! REGTECH: Rising Digital Crimes Give Urgency to Fraud Detection 

25/05/2023

The prevalence of digital crimes has given urgency to the need by banks to develop cutting-edge fraud detection systems, says DBS Bank’s head of legal & compliance Lam Chee Kin.

Crypto / Digital Assets

OCBC Partners ADDX to Launch Tokenised Structured Note

24/05/2023

By tokenising the three-month fixed coupon note and distributing it on ADDX’s platform, OCBC will have access to ADDX’s global accredited investor base.

AML / KYC

SG Police Warns of Scams From Scanning QR Codes

24/05/2023

The increasing usage of QR codes for cashless payments have led to a spike in phishing scams in Singapore.