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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
Korea Enhances Regulatory Sandbox Through Legislative Revisions
By Manesh Samtani | 13/04/2021
The revisions will allow sandbox participants to file requests to the FSC and other relevant authorities for changes to regulations.
Structural Regulation
Overseas Filipino Bank Obtains Digital Bank Licence
By Ranamita Chakraborty | 09/04/2021
Overseas Filipino Bank, formed as a policy bank to provide services to overseas Filipinos, has been granted a digital banking licence.
Cloud & Infrastructure
Mizuho May Seek Compensation from Hitachi for System Glitch
By Editors | 07/04/2021
The delay of 263 transactions for corporate clients was said to be caused by a malfunction in a disk storage device made by Hitachi.
Payments & Settlements
Thailand, Vietnam Launch Cross-Border QR Code Link
By Sanday Chongo Kabange | 03/04/2021
The retail payment link will facilitate cross-border transactions between Thailand and Vietnam using local currencies.
Cloud & Infrastructure
APRA Releases Taxonomy for New Superannuation Data Submissions
By Editors | 28/03/2021
APRA has released the draft data dictionary, validations, reporting taxonomy and XML Schema Definition for new data submissions due to start in September.
AI Risk & Governance
HKMA Launches Regtech Challenge to Address Banking Pain Points
By Editors | 26/03/2021
The HKMA invites Regtech providers to showcase solutions to help Hong Kong banks solve common risk management and regulatory compliance pain points.
Payments & Settlements
BIS, SWIFT Announce Winners of ISO 20022 Hackathon
By Editors | 25/03/2021
The winners were Atomic Wire, Mojaloop, Virtusa and AWS for solutions that help to enhance cross-border payments using ISO 20022 and APIs.
Payments & Settlements
PBOC, SWIFT to Establish Cross-border Payment Stability
By Editors | 25/03/2021
The PBOC’s joint venture with SWIFT will build a localised messaging network to provide Chinese FIs with a more stable connection to the main SWIFT network.
Cryptocurrency
BSP, PDAX to Cooperate on Crypto-and-Fintech Regulatory Sandbox
By Editors | 23/03/2021
A crypto-and-fintech regulatory sandbox will boost innovation and technological advancement in financial services, while also increasing public participation in these markets.
Payments & Settlements
SFA, Remittance Association to Jointly Strengthen SG Remittance Industry
By Editors | 22/03/2021
The SFA Remittance Sub-Committee has been launched to promote the adoption of technologies to strengthen Singapore’s money remittance industry.
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