Fintech / Regtech

Fintech / Regtech

Korea FSS Issues Guidance on Mitigating Technology Risks

By Editors | 09/11/2023

The guidelines are intended to improve the level of IT internal control in the financial industry and improve the resilience of individual firms.

Crypto / Digital Assets

HSBC to Launch Custody Service for Tokenised Securities

By Editors | 09/11/2023

The new digital assets custody service will launch in 2024, using custody infrastructure provided by Ripple-owned Metaco.

Fintech / Regtech

DBS to Strengthen In-House Software Engineering Team

By Editors | 08/11/2023

DBS chief Piyush Gupta said deeper engineering talent is needed in-house to troubleshoot software bugs such as those that caused this year’s service disruptions.

Fintech / Regtech

RBI Finalises New Master Directions on IT Governance

By Ajoy K Das | 08/11/2023

The master directions, effective from 1 April 2024, specify the IT governance responsibilities of the board and senior management.

Fintech / Regtech

Singapore’s OCBC Experiences 2.5 Hour Service Disruption

By Editors | 08/11/2023

In Singapore, banks are required to ensure that critical systems and services can be restored within four hours following an outage.

Fintech / Regtech

Singaporean Fintechs Expand into Australia with Project Lorikeet

By Mark Johnston | 07/11/2023

Four Singaporean fintech companies have successfully expanded into the Australian market through a joint initiative by SFA and Austrade.

AML / KYC

Japanese Regional Banks Form Partnership on AML/CFT

By Editors | 05/11/2023

Three regional banks will use the same centralised service platform to perform AML/CFT operations.

Fintech / Regtech

IRDAI Directs Insurers to Join RBI’s Account Aggregator Ecosystem

By Ajoy K Das | 03/11/2023

The inclusion of insurance firms in the AA ecosystem is expected to benefit agents, mutual fund distributors, and other service intermediaries.

Crypto / Digital Assets

Tokenisation Steers Paradigm Shift in Finance: BIS Innovation Hub

By Georgina Lee | 03/11/2023

The next paradigm shift for financial assets is tokenisation, BIS Innovation Hub head Cecilia Skingsley said at Hong Kong Fintech Week.