Fintech / Regtech

Fintech / Regtech

FINRA Warns of Rising Cyber Risks from Outsourced Services

By Nithya Subramanian | 16/09/2024

FINRA warns of threats from data breaches, zero-day vulnerabilities, weather-related outages, and social engineering campaigns.

Fintech / Regtech

Singapore Launches e-Apostille Service for Document Authentication

By Nithya Subramanian | 13/09/2024

From 2025,  documents issued by ACRA can be authenticated online, reducing the processing time and the need for physical submissions.

Fintech / Regtech

Japan to Develop Guidelines to Quantum Proof Financial Sector

By Thisanka Siripala | 13/09/2024

A set of guidelines will be prepared to assist FIs in preparing for a transition to post-quantum cryptography, drawing from NIST standards.

Big Picture

SIFMA Calls for Technology-Neutral Approach to AI Regulation

By Nithya Subramanian | 13/09/2024

SIFMA says additional rules should only be considered if gaps are identified that existing regulatory and legal frameworks cannot address.

Fintech / Regtech

Japanese Megabanks to Stop Issuing Paper Bills and Cheques

By Thisanka Siripala | 13/09/2024

Sumitomo Mitsui will discontinue paper bills and cheques altogether in September 2025. MUFG and Mizuho Bank are expected to follow suit.

Fintech / Regtech

TWSE Suffers Russian DDoS Attack, But Recovers Quickly

By Editors | 13/09/2024

A pro-Russia hacker group targeted TWSE and other Taiwanese institutions with DDoS attacks in response to comments from President Lai Ching-de.

AML / KYC

Japan Backs FSB Plan to Streamline Cross-border Payments

By Thisanka Siripala | 12/09/2024

However, the Japanese Bankers Association is calling for incentives to help boost the adoption of LEIs, which are currently costly and complex to implement.

Fintech / Regtech

New Zealand FIs Taking ‘Cautious Approach’ to AI Adoption – FMA

By Sanday Chongo Kabange | 10/09/2024

The FMA conducted research to better understand how regulated entities are exploring the adoption of AI, to help shape an appropriate regulatory framework.

Crypto / Digital Assets

Thai SEC Amends Rules on Use of Digital Assets in Payments

By Nithya Subramanian | 10/09/2024

The regulatory changes allow digital asset business operators to participate in the central bank’s Programmable Payment Sandbox.