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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
Cloud & Infrastructure
HKMA Sets Out Next Steps to Implement Open API Framework
By Manesh Samtani | 13/05/2021
Phase 3 and 4 API functions will be implemented progressively by 28 participating banks starting from December 2021, the HKMA says.
Cloud & Infrastructure
Technology Skills in Short Supply in Financial Sector: Menon
By Ranamita Chakraborty | 11/05/2021
A mismatch between demand and supply means that Singapore will have to continue to depend on foreigners to fill growing vacancies for technology jobs.
Sustainable Finance
BIS Innovation Hub, Bank of Italy Launch G20 TechSprint
By Editors | 08/05/2021
Private firms are invited to develop technological solutions to address operational problems in green and sustainable finance.
Sustainable Finance
MAS Launches FinTech Hackcelerator Focused on Green Finance
By Editors | 06/05/2021
Fintech firms and solution providers are invited to submit innovative solutions to address any of 52 problem statements related to green finance.
Data Privacy
Australia Considers Making CDR Data More Portable
By Editors | 06/05/2021
Under draft rules, accredited businesses would be able to share CDR data with their agents, or sponsor other parties to become accredited.
Cloud & Infrastructure
Regulatory Reporting Lessons from Singapore and Australia
By Editors | 04/05/2021
MAS and APRA are among the regulators that have wholeheartedly endorsed the use of technology to improve the quality, accuracy and speed of reporting.
Cybersecurity
DSB Opens Consultation on OTC ISIN, CFI Service Provision
By Editors | 02/05/2021
The consultation focuses on cloud resilience, cybersecurity risk assessments, and enhanced support for supplier risk assessment activities.
Cloud & Infrastructure
MAS Launches RegTech Grant Scheme, Enhances DAG Scheme
By Editors | 01/05/2021
The RegTech grant scheme is available to Singapore-based FIs to help them enhance processes and capabilities in their risk management and compliance functions.
Payments & Settlements
Savings Banks Introduce Open Banking Services: FSC Korea
By Ranamita Chakraborty | 01/05/2021
Open banking is now being provided by all types of deposit-taking institutions in Korea. Credit card companies will start from end-May.
CBDCs
China: Fintech Giants Pledge to Support Digital Yuan Push
By Sanday Chongo Kabange | 28/04/2021
Ant Group, Tencent, Huawei and JD.com have revealed that they were involved in the development and testing of the digital yuan.
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