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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
Thailand to Digitise Capital Market Processes with DLT
By Editors | 05/09/2019
The project aims to reduce the documentary procedures required in processes related to share issuances and offerings, securities registration, settlement and delivery, and KYC.
Cloud & Infrastructure
MAS Proposes New Format for Reporting Financial Advisor Complaints
By Editors | 05/09/2019
Collecting data in a machine-readable format will increase efficiency by removing the need for manual processes and reducing the risk of human errors, MAS says in a consultation paper.
Cloud & Infrastructure
Korea Eases Fintech Investment Rules for Financial Firms
By Editors | 05/09/2019
Under new guidelines, rules limiting how much financial firms can invest in non-financial sector tech firms will be lifted, and investment will be allowed in a wider range of fintech firms.
Data Privacy
ACCC Invites Firms to Test Open Banking Data Sharing
By Editors | 27/08/2019
The ACCC is seeking participants to help it test the data-sharing ecosystem under the consumer data right, which was passed into law earlier this month.
Cloud & Infrastructure
RBI Issues Enabling Framework for Regulatory Sandbox
By Editors | 14/08/2019
The RBI has set a minimum net worth criteria of $35,000 for sandbox participants, half the amount specified in April’s draft.
Cloud & Infrastructure
Philippines to Relaunch OF Bank to Create Digital-only Bank
By Editors | 14/08/2019
The Overseas Filipino Bank was launched in January to cater to overseas Filipino workers, who will more easily be able to access digital-only services.
Cloud & Infrastructure
How a Consortium Created an Open Taxonomy for MAS 610
By Editors | 13/08/2019
Recognising the depth of the challenge posed by the new MAS 610 standard, AxiomSL decided that this industry challenge merited an innovative approach.
Cloud & Infrastructure
MAS Launches Faster Option Sandbox Testing
By Editors | 08/08/2019
Sandbox Express entails an approval process of just 21 days before firms can start testing innovative financial products and services in a pre-determined environment.
Cloud & Infrastructure
ABS Updates Guidance on Cloud Outsourcing Arrangements
By Manesh Samtani | 05/08/2019
The updated guide offers best practices to ensure resiliency and recoverability while maximising the benefits FIs derive from cloud outsourcing arrangements, including for ‘critical systems’.
Structural Regulation
Singapore: Two-Thirds of Consumers Willing to Try Digital Banks
By Editors | 03/08/2019
A JD Power survey has found that 65% of Singapore customers are interested in opening digital bank accounts. The survey ranked HSBC first, OCBC second and DBS third in customer satisfaction.
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