Fintech / Regtech

Fintech / Regtech

Indian Government Asks Banks to Ramp Up Cybersecurity Measures

By Ajoy K Das | 29/11/2023

A meeting with banks and payments firms was convened by federal authorities in the wake of recent disruptions at Uco Bank and Bank of Baroda

ESG / Sustainability

OJK Indonesia Launches Roadmap to Boost Islamic Banking

By Editors | 29/11/2023

The roadmap consists of five pillars, including one focusing on ensuring Islamic banking places emphasis on social welfare alongside profitability.

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.