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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
Structural Regulation
MAS: 14 of 21 Digital Bank Applicants Assessed as ‘Eligible’
By Editors | 18/06/2020
These applicants assessed as eligible will progress to the next stage of assessment, where they will be invited to present their proposals via virtual meetings.
Data Privacy
FSC Korea Outlines Key Policy Tasks for H2 2020
By Editors | 14/06/2020
The measures include continued support for businesses and individuals, with some focus being diverted back to pre-Covid policy work to support innovation and data-driven initiatives.
Structural Regulation
Taiwan Fintechs to Gain Access to Canada’s Securities Sandbox
By Editors | 12/06/2020
The CSA sandbox allows firms to obtain exemptive relief from securities law requirements to test new products and services in the Canadian market on a time-limited basis.
Structural Regulation
Xiaomi-AMTD Joint Venture Launches Hong Kong Virtual Bank
By Editors | 11/06/2020
Airstar Bank commits to becoming “Everyone’s Bank”, contrasting itself with conventional banking models which focus on high net-worth individuals.
Cloud & Infrastructure
SFA Launches Self-assessment Framework, Toolkit for FinTechs
By Manesh Samtani | 10/06/2020
The framework and toolkit allow FinTechs to benchmark themselves against minimum standards on outsourcing, technology risk, and cyber hygiene, helping to fast-track onboarding with FIs.
Data Privacy
FSC Korea Opens Applications for New Data Specialist Designation
By Editors | 10/06/2020
Designated ‘data specialising institutions’ will be able to use anonymised and pseudonymised customer data for statistical and industry research and for public documentation purposes.
Market Data & Technology
FSC Korea Opens Access to Public Financial Institution Data
By Editors | 09/06/2020
The public release of the data is expected to contribute to the advancement of the data economy and fintech industry, while also creating more jobs in data-driven innovative services.
Cloud & Infrastructure
MAS Launches Global FinTech Innovation Challenge
By Editors | 08/06/2020
The competition will seek innovative solutions that can help financial institutions respond to two critical global challenges: Covid-19 and climate change.
Structural Regulation
SEBI Launches Regulatory Sandbox for Capital Market Participants
By Editors | 08/06/2020
Regulated entities will be granted facilities and flexibilities to experiment with fintech solutions in a live environment, on a limited set of real customers, for a limited time frame.
Payments & Settlements
Sri Lanka SEC Approves Rules to Digitalise Stock Market
By Duruthu E Chandrasekera | 07/06/2020
Sri Lanka’s SEC has approved rules to enable electronic account opening, trading and settlement at the Colombo Stock Exchange.
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