Cloud & Infrastructure

Cloud & Infrastructure

ASIFMA Calls for Harmonised Approach to Public Cloud Regulation

By Editors | 02/03/2021

Varying regulatory approaches across jurisdictions pose significant challenges to FIs trying to implement the public cloud as part of their global strategy.

Cloud & Infrastructure

Westpac Announces New Partner in Digital Banking Push

By Ranamita Chakraborty | 01/03/2021

Westpac and SocietyOne have signed a partnership expand digital banking services to customers in the second quarter of this year.

Cloud & Infrastructure

OJK Indonesia Urges Rural Banks to Digitalise Operations

By Editors | 25/02/2021

Efforts to digitalise are aimed at improving financial inclusion for ‘micro-entrepreneurs’ and other members of the unbanked or underbanked population in Indonesia.

Trading & Investment

SEBI, FinMin Order NSE to Explain Three Hour Trading Halt

By Editors | 25/02/2021

NSE had attributed the trading halt to issues with their links to two telecom service providers. An interim report is expected within 24 hours.

Operational Risk

Pandemic Provides Key Lessons on Outsourcing Risk: APRA

By Ranamita Chakraborty | 24/02/2021

Speaking at a virtual event hosted by GARP, APRA’s Sean Carmody said the pandemic highlighted financial industry dependencies on certain third-party providers.

Conduct, Culture & Accountability

2021 Will Demand a Different Culture of Compliance

By Quincy Tse | 24/02/2021

Quincy Tse discusses how firms can cultivate and promote a culture of compliance even as remote work arrangements continue to be commonplace.

Data Privacy

BSP to Draft Data Governance Policy for Financial Institutions

By Editors | 22/02/2021

The new regulatory framework will guide banks and other financial institutions on how they use and handle electronic information that they collect from customers.

Payments & Settlements

BIS, SWIFT Invite Firms to Participate in ISO 20022 Hackathon

By Editors | 21/02/2021

Participants will be asked to develop and showcase solutions that improve cross-border payments, using the ISO 20022 standard and APIs.

AI Risk & Governance

80pc of Central Banks Use Big Data to Support Policy Efforts

By Editors | 21/02/2021

Many central banks have undertaken initiatives to develop big data platforms to facilitate storage and processing of large data sets, but progress has varied.