Cloud & Infrastructure

Structural Regulation

Singapore: ACRA Proposes Amendments to Companies Act

By Editors | 22/07/2020

An ACRA working group recommends reforms to facilitate digitalisation, review financial reporting requirements, and safeguard shareholders’ interests, among other proposals.

Market Risk

Beyond FRTB: Risk Management and Enterprise Data Opportunities

By Editors | 20/07/2020

FRTB is a significant global industry challenge, but the process to achieve its outcomes can harness value from data that can be applied throughout a bank’s operations.

Cloud & Infrastructure

Korea Credit Bureau to Integrate Pension Payments in Credit Scores

By Editors | 19/07/2020

Pension contributions data will be converged with KCB credit data using homomorphic encryption, technology which allows data analysis to be performed on encrypted data stored at different institutions.

AI Risk & Governance

FSC Korea Kicks Off Working Group on Artificial Intelligence

By Editors | 16/07/2020

The working group will seek to promote the use of artificial intelligence in financial services as part of the government’s ‘New Deal’ policy initiative.

Cloud & Infrastructure

APAC Regulators Driving Digital Transformation

By Rachel Woolley | 16/07/2020

The pandemic has made it abundantly clear that digital transformation is no longer optional, says Fenergo’s Rachel Woolley.

Custody & Infrastructure

BOK Takes Over Blockchain Authentication Tool BankSign

By Editors | 14/07/2020

BankSign was developed by Samsung SDS in collaboration with the Korea Federation of Banks to allow for easier customer authentication on different banks’ mobile apps.

Data Privacy

FSC Korea Opens Applications for New MyData Licences

By Editors | 13/07/2020

MyData businesses will allow financial firms and fintechs to offer financial advice to customers using the data they make available through the MyData platform.

KYC & CDD

Sri Lanka Shortlists Three Firms to Build Shared KYC Facility

By Duruthu E Chandrasekera | 07/07/2020

The three shortlisted firms, including one from Sweden, will begin work on a proof-of-concept, which is expected to be completed in six to nine months.

Cloud & Infrastructure

South Korea Enhances Credit Database in Open Data Push

By Editors | 03/07/2020

Korea’s CreDB system will be enhanced with additional datasets and increased server capacity to support deep learning and other types of AI-based data analysis.