Cloud & Infrastructure

Cloud & Infrastructure

HKMA to Target Accelerated RegTech Adoption in 2021

By Manesh Samtani | 03/11/2020

The HKMA wants to see banks embracing and trialling new technologies and proofs of concept, and ultimately adopting more Regtech solutions, said central banker Arthur Yuen.

Cloud & Infrastructure

BIS Innovation Hub, HKMA Announce TechChallenge Winners

By Editors | 02/11/2020

The winning proposals hold ‘great potential’ for addressing some long-standing pain points of the global trade finance business, said the HKMA’s Edmond Lau.

Cloud & Infrastructure

HKMA Unveils Financial Infrastructure Project to Facilitate SME Lending

By Manesh Samtani | 02/11/2020

The HKMA is working with banks to study the feasibility of the ‘Commercial Data Interchange’, a new financial infrastructure to facilitate financial intermediation.

Cloud & Infrastructure

GFIN Invites Next Batch of Firms to Participate in Cross-border Testing

By Editors | 01/11/2020

Regulators from Australia, Canada, Hong Kong, Singapore, Taiwan, the UK and the US are among those participating in cross-border testing.

Credit Risk

BSP to Stimulate SME Lending with New Credit Risk Database

By Sanday Chongo Kabange | 28/10/2020

The database will use financial statements and loan default information held by financial institutions to generate credit scores and better estimate default risk.

Credit Risk

HKMA Chief Hints at New Data Platform to Facilitate SME Lending

By Manesh Samtani | 27/10/2020

Banks can more precisely and objectively assess SME credit risk with access to more data, such as trading and turnover statistics, says HKMA chief Eddie Yue.

Cloud & Infrastructure

India’s Gift City Regulator Introduces Regulatory Sandbox Framework

By Sanday Chongo Kabange | 22/10/2020

All entities operating in the capital market, banking, insurance and pension sectors, as well as individuals and startups from India and FATF-compliant jurisdictions, are eligible.

Cloud & Infrastructure

IMAS Calls on Asset Managers to Join Digital Accelerator Programme

By Editors | 21/10/2020

Under the programme, asset managers will be paired with a shortlisted fintech with the most appropriate solution to the problem statement submitted.

Conduct, Culture & Accountability

MAS, IBF Take Steps to Prevent Financial Sector Job Losses

By Editors | 20/10/2020

IBF will run surveys every six months to obtain data about job losses at FIs to offer their staff reskilling support and possible redeployments in the industry.