Although foreign software costs more and regulatory change cannot be adopted instantly, banks prefer them for their functionality and flexibility.
Securities Commission invites proposals from parties interested in participating in regulatory sandbox sessions under its innovation lab.
Industry body recommends increasing the deposit limit for new banking entrants, allowing more time to meet the prudential framework.
More than 110 internet firms subscribe to platform which reveals corporate governance and transaction volume of online loans.
Haruhiko Kuroda says global IT platform providers could pose systemic risk through holding vast amounts of data, adds to warnings on algo contagion.
Chief executive says some systemically important CCPs could be forced to move to Europe, fragmenting liquidity and raising costs.
SFC says Northbound scheme will be followed by Southbound investor identification, eventually spread to all SEHK investors.
Distributed ledger trial will form basis of technology architecture, software functions and development standards to underpin markets.
The wave of financial regulation about to wash over Europe and North America could eventually overwhelm Asian institutions.
Middle Eastern regulator has already approved one Singapore firm to provide credit services; Singapore firm won Fintech challenge.