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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
Payments & Settlements
RBI Issues Outsourcing Framework for Payment System Operators
By Sanday Chongo Kabange | 05/08/2021
Payment system operators may not outsource core management functions such as risk management, internal audit and KYC compliance.
Data Privacy
S. Korea Sets New MyData Launch Date in Revised Guidelines
By Ranamita Chakraborty | 05/08/2021
The revised guidelines enhance consumer data protections. MyData businesses will begin offering services via standardised APIs from 1 December 2021.
Structural Regulation
China, Hong Kong to Strengthen Legal, Judicial Cooperation
By Editors | 02/08/2021
China and Hong Kong will promote mutual recognition and assistance in bankruptcy procedures. Mainland judicial practice training will be arranged for Hong Kong legal professionals.
Market Data & Technology
ISDA, ICMA, ISLA Sign MoU on Common Domain Model
By Editors | 02/08/2021
The MoU establishes a framework for closer collaboration on the development of the Common Domain Model across financial markets.
Cloud & Infrastructure
Thailand, Luxembourg Sign MoU on Fintech Innovation
By Editors | 02/08/2021
The MoU provides a framework for cooperation between the SEC and CSSF with respect to promoting innovation in financial services.
Structural Regulation
SEC Philippines Launches New Fintech Innovation Office
By Editors | 01/08/2021
The PhiliFintech Innovation Office will serve as the first point of contact for existing fintech companies and help the SEC regulate fintech activities.
Cloud & Infrastructure
BOT Issues Guidance on Blockchain Adoption in Financial Services
By Sanday Chongo Kabange | 01/08/2021
The guideline covers blockchain application in financial businesses, project governance, security standards, and risk management, among other areas.
Structural Regulation
BSP Grants Fourth Digital Bank Licence to UnionBank
By Editors | 31/07/2021
UnionBank is the latest to receive the licence after Landbank’s Overseas Filipino Bank, Tonik Bank, and UNOBank.
Payments & Settlements
Korea FSC Expands Open Banking Services to Fintechs
By Sanday Chongo Kabange | 29/07/2021
Users will be able to access information about their prepaid deposit accounts from mobile applications of any FI offering open banking.
Cloud & Infrastructure
Beijing Financial Court Launches Fintech Legal Research Centre
By Sanday Chongo Kabange | 28/07/2021
The Beijing Fintech Legal Research Centre will research fintech compliance standards, explore regulatory models, and drive fintech legal advances.
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