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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
Credit Risk
The Case for a Central Lending Platform in Singapore
By Irene Liu | 20/08/2020
Not enough SMEs are taking advantage of government supported loan programmes, in part due to the onerous processes involved in accessing them, say PwC’s Irene Liu and Shierly Mondianti.
Cloud & Infrastructure
CSRC Drafts Rules on Third-party Platforms Use by Securities Firms
By Lucy Zhang | 19/08/2020
The rules require brokerage firms to guarantee technical and data security when using third-party platforms to conduct securities business activities.
Sustainable Finance
BOT, UK Government Agree to Cooperate in Financial Services
By Editors | 16/08/2020
The MoU will see increased cooperation in areas such as accounting standards, governance and transparency, fintech development, and sustainable finance.
AI Risk & Governance
MAS Pledges SG$250m to Boost Financial Sector Innovation
By Editors | 13/08/2020
Maximum funding under the POC Grant and AIDA Grant will be increased. Support for large-scale innovation projects and staff training will also increase.
Conduct, Culture & Accountability
MAS Official Warns of Financial Sector Job Losses in H2
By Editors | 13/08/2020
Supporting the local workforce in the financial sector during the crisis is a priority for MAS, according to deputy managing director Jacqueline Loh.
Cloud & Infrastructure
EBA Launches Industry Survey on RegTech Adoption
By Editors | 12/08/2020
The EBA is looking to identify the main barriers and risks of using RegTech and potential ways to support its uptake across the EU.
Cloud & Infrastructure
StanChart to Move Core Systems to Cloud in 3 Years
By Editors | 12/08/2020
Core banking and trading systems, and new digital ventures such as virtual banking and banking as-a-service, will be cloud-based by 2025 subject to regulatory approvals.
Cloud & Infrastructure
InvestHK Announced Fast Track Fintech Development Programme
By Editors | 10/08/2020
Companies from nine key fintech verticals are invited to submit applications by 31 August, for a chance to showcase their solutions to corporates and investors at Hong Kong Fintech Week.
Data Privacy
FSC Designates Korea’s First ‘Data Specialising Institutions’
By Editors | 09/08/2020
Korea Credit Information Services and the Financial Security Institute will be allowed to perform convergence of pseudonymised data originating from different financial businesses.
Cybersecurity
HKMA, IA Issue Guidance on Video Distribution of Insurance Products
By Editors | 07/08/2020
Insurers and intermediaries such as banks have to apply to enter the InsurTech Sandbox to test the use of video conferencing to distribute long term insurance policies.
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