Cloud & Infrastructure

    Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.

    Cloud & Infrastructure

    Australia to Expand Scope, Length of Fintech Select Committee

    By Editors | 18/03/2021

    The FinTech Select Committee’s mandate has been extended from an April deadline to October 2021. A report on its work programme is expected in April.

    Cloud & Infrastructure

    BNM Increases Funding for SME Digitalisation Initiatives

    By Editors | 18/03/2021

    The SME Automation and Digitalisation Facility, launched in March to help SMEs automate processes and digitalise operations, has more than tripled in size.

    Cloud & Infrastructure

    WEF Paper Offers Recommendations on China Fintech Regulation

    By Sanday Chongo Kabange | 17/03/2021

    The paper says it is necessary to build a new regulatory framework that allows a shift from entity-based regulation to activity-based regulation.

    Cybersecurity

    New Report Explores Outlook for Hong Kong Virtual Banks

    By Editors | 17/03/2021

    The paper features case studies of  Revolut and Tinkoff Bank, as well as insights from interviews with all eight Hong Kong virtual banks.

    Operational Risk

    JBA Issues Guidance in Response to Mizuho Glitches

    By Editors | 15/03/2021

    Banks are asked to carefully prepare for any major system upgrades involving extensive data processing, and to ensure appropriate lines of communication are established.

    Cloud & Infrastructure

    BOJ Publishes Paper on Cloud Services Risk Management

    By Sanday Chongo Kabange | 15/03/2021

    The paper is aimed at helping FIs to improve their IT governance by increasing awareness of cloud services and related risk management practices.

    Payments & Settlements

    Philippine SEC Launches New Online Payments System

    By Editors | 13/03/2021

    The ‘SEC Payment Portal’ allows for the payment of registration fees, penalties and other fees using  other cashless payment options.

    Cloud & Infrastructure

    GLEIF to Accelerate the LEI Integration in Digital Certificates

    By Editors | 11/03/2021

    GLEIF will work with Certification Authorities and Trust Service Providers to develop and promote best practices for the use of LEIs in digital certificates.

    Cloud & Infrastructure

    APRA to Adopt New Consultation Approach to Data Collection

    By Manesh Samtani | 11/03/2021

    APRA plans a consultation process that will allow it to design its data collections in a way that will minimise friction and reduce the regulatory burden of regulated entities.

    Supervision & Enforcement

    Korean Bankers Grow Fearful of ‘Unilateral’ Regulatory Penalties

    By Sanday Chongo Kabange | 11/03/2021

    Korea Federation of Banks chairman says the punishments imposed against executives whose banks sold Lime funds are seen by many as a way to shift blame.

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