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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
Trading & Investment
Virtual Banks Could Shake Up Funds Industry – Report
By Editors | 03/07/2020
Successful virtual banks are likely to branch out into wealth management services, robo-advisory and fund distribution, says a new Calastone paper.
Cloud & Infrastructure
BIS Innovation Hub Can Draw Lessons from GFIN
By Manesh Samtani | 03/07/2020
As the BIS Innovation Hub widens its reach, success will rely on its ability to cultivate a supportive ecosystem which includes financial institutions and innovators alike.
Structural Regulation
Hong Kong Offers Wage Subsidy to Local Fintechs
By Editors | 02/07/2020
Fintech companies registered in Hong Kong can apply for a salary subsidy to fill a new full-time position for a maximum of 12 months.
Data Privacy
Australia Launches Open Banking Data Sharing Regime
By Editors | 01/07/2020
The big four banks have opened up their deposit, transaction account, credit and debit card data for customers to share with other major banks or accredited fintech providers.
Structural Regulation
Ping An OneConnect Bank to Pilot Virtual Banking Services
By Editors | 26/06/2020
Ping An OneConnect Bank is inviting 200 SMEs and 2,000 retail customers to pilot test its virtual banking services in the HKMA’s sandbox.
AI Risk & Governance
BOK to Boost AI Capabilities Through Kakao Partnership
By Editors | 23/06/2020
Kakao Enterprise’s AI technology will initially be used for task support such as taking meeting minutes, before the partnership later expands to support BOK policy-making.
Cloud & Infrastructure
APAC Banks Will Come Out Stronger Post Pandemic
By Greg Watson | 23/06/2020
Covid-19 has kickstarted a rush to digitisation. Changes not expected for another 5-10 years will now be seen over the next 18 months, says Fenergo’s Greg Watson.
AI Risk & Governance
Singapore: AMTD, Xiaomi Finance Launch Digital Finance Programme
By Editors | 22/06/2020
AMTD and Xiaomi Finance will provide S$5mn to support to enable SMU and NUS-ISS to build curriculum and teaching resources for a digital finance leadership programme.
Anti-Money Laundering
European Fintechs Launch New Industry Association
By Editors | 19/06/2020
The European FinTech Association will seek to remove cross-border barriers in financial services, including to streamline fragmented AML rules and address IBAN discrimination.
Cybersecurity
HKMA Publishes Banking Sector Talent Gap Findings
By Editors | 18/06/2020
Key skill gaps in the banking workforce were identified in areas relating to technology and data, cybersecurity, core banking knowledge, regulation and compliance, and climate risk management.
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