Fintech / Regtech

Fintech / Regtech

Only Two G-SIBs Are Fully Compliant with BCBS 239

By Manesh Samtani | 29/11/2023

BCBS report suggests supervisors should consider more forceful measures to incentivise compliance with the principles for effective risk data aggregation and reporting.

AML / KYC

HKMA Launches New Service to Alert FPS Users of Potential Fraud

By Sanday Chongo Kabange | 29/11/2023

The new alert mechanism will alert banking customers when an FPS proxy ID is flagged as “High Risk” on the Scameter search engine.

Securities / Derivatives

ASX Commits to Enhancing CHESS Project Delivery Capabilities

By Editors | 29/11/2023

ASX has committed to implementing all of the recommendations from an independent review of its Portfolio, Program, and Project Management frameworks.

AML / KYC

Taiwan Banks Blocked TWD 5.5 billion in Fraud in 2023

By Mark Johnston | 28/11/2023

CTBC Bank, Cathay United Bank and Chunghwa Post each blocked more than 1,100 fraud attempts from Q1 to Q3.

Fintech / Regtech

RBA to Lower Regulatory Burden for Small Securities Settlement Facilities

By Mark Johnston | 26/11/2023

The proposal aims to accommodate the “probable emergence of new, technologically innovative securities settlement facilities”.

Fintech / Regtech

Korea Opens Access to More Data Types on Public Portal

By Editors | 26/11/2023

The new data types include social bond information, securities lending transaction information, and insurance statistics.

Fintech / Regtech

OJK Launches AI Code of Ethics Guidelines for Fintech Industry

By Editors | 25/11/2023

The guidelines are intended to serve as a reference for fintech associations to establish their code of conduct and optimise the use of AI in the fintech industry.

Fintech / Regtech

UK FCA Seeks Input on Big Tech’s Data Advantage in Finance

By Mark Johnston | 25/11/2023

The FCA invites responses from national and international competition authorities and regulators, as well as Big Tech firms, financial services firms, consumer groups, and academics.

AML / KYC

Australian Banks Launch “New Offensive” Against Scams

By Manesh Samtani | 24/11/2023

Priority initiatives to make banking safer include a new confirmation of payee system and expanded intelligence sharing.