While open banking has the potential to transform banking services and bank business models, greater attention must be paid to the risks that come with increased data sharing.
ASX is consulting on the first of three tranches of operating rule amendments required to facilitate the implementation of the CHESS replacement system in April 2021.
The trial will make use of tokenised securities and smart contracts over a permissioned ledger to streamline bond issuance and servicing workflows.
The new 'Veritas' framework aims to improve internal governance among financial institutions around their solutions driven by artificial intelligence and data analytics.
The launch of the BIS Innovation Hub Centre took place on the sidelines of the 2019 Singapore FinTech Festival x Singapore Week of Innovation and TeCHnology.
The new platform, launched by MAS, Deloitte and S&P Global Market Intelligence, will help financial institutions and investors to more effectively discover investment opportunities in the fintech space.
The prototype network, developed by MAS in collaboration with JP Morgan and Temasek, will provide interfaces for other blockchain networks to connect and integrate seamlessly.
Firms still take more than a day on average to resolve reconciliations and disputes caused by a lack of data transparency through the trade lifecycle.
Initially, mobile payment services, offline payment solutions, and contactless payments will be considered for inclusion in the regulatory sandbox.