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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
GLEIF Unveils Issuance, Infrastructure Models for Verifiable LEI
By Editors | 12/02/2021
The vLEI system will give legal entities the capacity to use non-repudiable identification data pertaining to their legal status, ownership structure and authorised representatives.
Structural Regulation
Over 40 Parties to Apply for Digital Bank Licence: BNM
By Editors | 11/02/2021
Applications are being accepted until 30 June 2021, with BNM planning to award up to five licences in the first quarter of 2022.
Cloud & Infrastructure
FSC Korea to Allow Platform Operators Sell Insurance Products
By Editors | 11/02/2021
A new framework will be introduced to allow firms like Kakao and Naver to sell digital insurance products under sandbox-like conditions.
Payments & Settlements
HSBC, HKTVmall Join Forces to Enhance Access to Trade Finance
By Manesh Samtani | 11/02/2021
HSBC will leverage commercial data from HKTVmall to analyse and forecast business performance during credit assessment, making loan approval faster and simpler.
Payments & Settlements
India’s NPCI Launches Payment Authorisation Tech Challenge
By Editors | 10/02/2021
Fintechs, solution providers and developers are invited to submit unique solutions that can simplify payment authorisations for the UPI.
Market Data & Technology
Bursa Malaysia, Alliance Bank Establish Data Partnership to Help SMEs
By Editors | 10/02/2021
Bursa’s datasets and analytics capabilities will enable Alliance Bank to identify issues at SMEs and proactively recommend relevant solutions and advise on financing.
Cryptocurrency
SEC Thailand Orders Crypto Exchange to Suspend Client Onboarding
By Ranamita Chakraborty | 08/02/2021
Bitkub needs to address five major issues before it can resume onboarding new clients, after high volume trading disrupted its systems in January.
Cloud & Infrastructure
Korea to Launch Virtual Sandbox, Expand Fintech Support
By Editors | 04/02/2021
The FSC has outlined the work it has planned this year to promote financial innovation and digital finance.
Cloud & Infrastructure
SEBI Revises Entry Norms for Innovation Sandbox
By Editors | 04/02/2021
The revisions introduce graded entry norms to encourage innovation and make it easier for firms to participate in the sandbox.
Payments & Settlements
Hong Kong MPFA Awards eMPF Contract to PCCW Solutions
By Ranamita Chakraborty | 02/02/2021
PCCW Solutions will build, implement, operate and maintain Hong Kong’s new eMPF Platform, with Singapore’s iFAST as its prime subcontractor.
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