FINTECH / REGTECH

    Enforcement

    Malaysia Revising Prudential Framework for Outsourcing by Financial Institutions

    By Editors | 04/10/2017

    Banks will be urged to enhance due diligence and do more to protect data confidentiality as BNM cites risks from outsourcing to shared services.

    Fintech / Regtech

    Philippines Set to Introduce Tighter Cybersecurity Requirements for Banks

    By Editors | 04/10/2017

    Measures will include enhanced risk management and governance requirements as well as increased use of cloud technology.

    Fintech / Regtech

    CPMI, IOSCO Call for Uniformity in UPI Creation, Reporting

    By Editors | 02/10/2017

    Report proposes that each UPI maps to reference data which indirectly describes an OTCD product without identifying transaction details.

    Capital / Liquidity

    India Insolvency Information Utility Granted 5-year License

    By Editors | 02/10/2017

    Bank-owned NESL wins license to operate utility which shares information on financial contracts as part of efforts to clean up bad loans.

    AML / KYC

    HKMA Launches Smart Banking Initiative Including Enhanced Sandbox

    By Samuel Riding | 29/09/2017

    In addition to the enhanced sandbox, HKMA will also work on a new payment system, minimising regulatory friction in onboarding and other services.

    Fintech / Regtech

    Regulators Must Collectively Embrace 4th Industrial Revolution – ASIC

    By Editors | 25/09/2017

    Chairman Greg Medcraft expresses concern about regulatory fragmentation with increased use of technology, emergence of ICOs.

    Crypto / Digital Assets

    DLT Essential for Capital Market Participants to Meet Regulatory Obligations – JPX

    By Samuel Riding | 21/09/2017

    Market participants can’t meet diverse regulatory requirements without using DLT to share back office and post-trade functions, report suggests.

    Fintech / Regtech

    ASEAN Fintechs, Banks Set up Pan-regional Sandbox to Boost Financial Inclusion

    By Samuel Riding | 21/09/2017

    Sandbox board includes ASEAN Bankers Association, Monetary Authority of Singapore and is being advised by Intel, Microsoft Asia Pacific and IBM Philippines.

    Fintech / Regtech

    Hong Kong Monetary Authority Sends Fintech Delegation to London

    By Editors | 21/09/2017

    Central bank and apex regulator says delegation is the largest it has ever put together, will meet London start-ups and accelerator programmes.

    Fintech / Regtech

    MAS Creates Advisory Panel on Cybersecurity

    By Editors | 21/09/2017

    Panel on cybersecurity and resilience includes representatives from Accenture, JPMorgan, London Stock Exchange, PwC and Standard Chartered Bank.

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