Fintech / Regtech

AML / KYC

Bursa Malaysia Launches API Gateway to Streamline Onboarding

By Nithya Subramanian | 28/05/2024

The new API Gateway will streamline onboarding and speed up CDS account opening, updating and reactivation.

Fintech / Regtech

“Ecosystem Approach” Vital to Combat Digital Fraud: HKMA

By Nithya Subramanian | 23/05/2024

Coordinated global efforts and information sharing initiatives are becoming more commonplace to combat fraud, but there is still work to do, said HKMA’s Carmen Chu.

Fintech / Regtech

Swift Enables Banks to Improve Services for Corporates

By Editors | 22/05/2024

Swift will extend ISO 20022 across the entire payment chain, and provide ready-to-use, white-labelled payment tracking services via API.

Securities / Derivatives

DTCC Completes Blockchain Pilot for Mutual Fund Data

By Editors | 22/05/2024

The pilot explored the feasibility of delivering NAV data for mutual funds across different blockchain networks.

Fintech / Regtech

AI Act Gets Final Approval from European Council

By Nithya Subramanian | 22/05/2024

The AI Act provides for increased transparency regarding the development and use of high-risk AI systems, while also encouraging innovation.

Fintech / Regtech

Top Tech firms Commit to AI Safety at Seoul Summit

By Nithya Subramanian | 22/05/2024

Google, Meta, Microsoft, OpenAI and others have pledged to not develop or deploy AI models if the risks cannot be sufficiently mitigated.

Fintech / Regtech

Taiwan FSC Issues New Data Governance Consultation

By Editors | 21/05/2024

The consultation categorises customer data of FIs into four levels, and proposes corresponding governance methods for each level during data sharing.

Fintech / Regtech

Implementing Singapore’s New OTC Derivatives Reporting Regime

By Manesh Samtani | 20/05/2024

Broadridge’s Carl Hovland and David Farmery talk to Regulation Asia about the measures firms should consider as they implement new OTC derivatives reporting requirements in Singapore.

Big Picture

Digitisation of Finance Can Create and Amplify Risks: BCBS

By Nithya Subramanian | 17/05/2024

New BCBS report offers recommendations for banks to consider to mitigate digitalisation-related risks.