Fintech / Regtech

Fintech / Regtech

India’s UCO Bank Calls in Federal Investigators to Probe Payments Disruption

By Ajoy K Das | 19/11/2023

The CBI is being called in to investigate a possible cyber-attack or manipulation of the state-owned bank’s internal systems.

Market Infrastructure

MAS Launches Payment Linkages with Malaysia, Indonesia

By Editors | 19/11/2023

The payment links are described as “significant milestones” to enable faster and cheaper cross-border payments and promote greater regional economic integration.

Big Picture

Regulatory Intervention Needed to Address Cloud Adoption Risks: BIS Paper

By Manesh Samtani | 18/11/2023

Indirect oversight of CSPs, i.e. requiring financial firms to manage the risks, “may not be sufficient from a systemic perspective”, the paper says.

ESG / Sustainability

MAS Launches Digital Platform to Streamline ESG Reporting

By Editors | 17/11/2023

The new platform will consolidate and synergise all of Project Greenprint’s existing utilities and help companies automate their ESG reporting process.

AML / KYC

Pacific Islands to Bolster Sharing of Financial Intelligence

By Editors | 17/11/2023

Pacific Island FIUs met in the Cook Islands this week. It was revealed that AUSTRAC provided the Cook Islands FIU a new data analytics system.

AML / KYC

MAS Issues Draft Requirements for Data Sharing Through COSMIC

By Manesh Samtani | 17/11/2023

The requirements cover the internal policies FIs must put in place to share information through COSMIC, and the appropriate use and safeguarding of information received.

Crypto / Digital Assets

MAS Unveils Digital Money Blueprint, Plans for Wholesale CBDC

By Manesh Samtani | 16/11/2023

Four new digital money trials will commence with industry players, and MAS will pilot the “live” issuance of wholesale CBDCs for the first time next year.

Fintech / Regtech

AI To Enhance Central Banks’ Supervision: Deutsche Bundesbank

By Jill Wong | 16/11/2023

Joachim Wuermeling of the Deutsche Bundesbank says AI will help central banks do a better job in supervising banks.

Fintech / Regtech

IFC, MAS, WEF Partner to Advance Digital Financial Inclusion

By Mark Johnston | 16/11/2023

The partnership will create and promote new financing instruments to promote digital financial inclusion in emerging and developing markets.