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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 Considers the Value of Allowing Virtual Banks in Singapore
By Editors | 08/05/2019
The regulator says it is engaging relevant stakeholders to ascertain the unique value that such virtual bank entrants could bring to Singapore’s banking landscape.
Trading & Investment
Malaysia to Use Blockchain in Securities Borrowing and Lending
By Editors | 07/05/2019
Working with bank stakeholders, Bursa Malaysia is developing Southeast Asia’s first blockchain proof-of-concept for securities borrowing and lending.
Cloud & Infrastructure
Technology Driven Changes Afoot in the Australian Banking Sector
By Garima Chitkara | 07/05/2019
Open banking, digital banking, cloud-based infrastructure and RegTech are the key drivers of technology-led change in the Australian banking sector, according to S&P Global Ratings.
Cloud & Infrastructure
FIs Need to Automate to Meet Tax Reporting Obligations – Report
By Editors | 06/05/2019
As tax reporting requirements grow increasingly complex, automation is making compliance cheaper, quicker and more efficient, says a new report from Regulation Asia and BearingPoint.
Cloud & Infrastructure
S. Korea FSC Accepts Nine More Fintech Sandbox Participants
By Editors | 03/05/2019
Nine new fintech firms have been approved to enter the FSC’s regulatory sandbox, bringing the total number of participating firms to 18.
Payments & Settlements
SWIFT Launches Payment Investigation, Resolution Capability
By Editors | 03/05/2019
The new capability will improve transparency, shorten resolution time and reduce manual intervention to resolve issues that arise along the payments chain.
Payments & Settlements
Singapore’s NETS to Co-Develop QR Payment System in Myanmar
By Editors | 30/04/2019
Singapore payment services provider NETS Group is helping the Myanmar Payment Union develop a unified e-payment system modelled after the SGQR.
Cloud & Infrastructure
Eight Firms Pass Initial Screening for GFIN Cross-Border Testing Pilot
By Manesh Samtani | 30/04/2019
Eight out of 44 applicant firms have passed an initial screening by GFIN members, and will now develop testing plans for regulators to consider and approve.
Cloud & Infrastructure
Technology to ‘Transform’ a Third of Singapore Finance Jobs – Study
By Editors | 24/04/2019
The main effect of technology will be to “transform” jobs in the financial industry, rather than create or destroy them, says an EY study commissioned by MAS and IBF.
Data Privacy
China Delays Data-Onshoring Rules Until After US Trade Talks
By Editors | 23/04/2019
China’s Cyber Security Law requires firms to keep personal and ‘important data’ onshore, but uncertainties around the rules and implementation timeline remain.
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