Cloud & Infrastructure

Payments & Settlements

Hong Kong Enables Govt Bill Payment Via FPS QR Code

By Editors | 04/11/2019

Bills related to tax, government rates and rent, and water will be issued with FPS QR codes moving forward.

AI Risk & Governance

PBOC Unveils 40 Measures to Develop Shanghai Fintech Sector

By Editors | 04/11/2019

Among the key measures announced by PBOC Shanghai is the possible introduction of a regulatory sandbox, drawing on international practice.

Cloud & Infrastructure

SFC Issues Guidance on Outsourcing of Data Storage

By Editors | 01/11/2019

Licensed corporations must ensure cyber and operational risks are properly mitigated and that the SFC’s access to regulatory records is not restricted or otherwise undermined.

Cloud & Infrastructure

S. Korea Launches 10-Bank Pilot of Open Banking System

By Editors | 31/10/2019

Initially, bank customers will be able to access services from 10 banks, before the system is expanded to other banks and fintech firms in December.

Payments & Settlements

NPP Australia Unveils Roadmap for New Payments Capabilities

By Editors | 30/10/2019

The roadmap includes the development of new structured data capabilities, third party payment initiation, and the ability to link regular payments to a mobile number.

Cloud & Infrastructure

APRA to Delay Launch of New Data Collection Solution

By Editors | 29/10/2019

APRA is reviewing its implementation approach due to the complexity and significant burden of migrating all existing collections to the new solution.

Cloud & Infrastructure

Australia Senate Committee Releases Fintech, Regtech Issues Paper

By Editors | 25/10/2019

The issues paper identifies five key factors for the fintech and regtech sectors which the committee will focus its attention on in a year long inquiry.

AI Risk & Governance

Suptech Gains Momentum but Approaches Vary: FSI Paper

By Editors | 23/10/2019

Suptech use cases have mainly clustered around misconduct analysis, reporting and data management, according a new paper from the BIS Financial Stability Institute.

Cloud & Infrastructure

Beyond Data Governance: Developing a Data Culture in Asia’s FIs

By Garima Chitkara | 17/10/2019

To create a truly competitive advantage and achieve their commercial goals, Asia’s financial institutions need to integrate strong data culture into their data governance approaches.