Cloud & Infrastructure

Data Privacy

China Seeking Access to Foreign Technology Providers Source Code

By Editors | 11/06/2015

Beijing is working on a new series of rules that would require foreign technology firms to give up their source code in exchange for Chinese business.

KYC & CDD

S. Korea FSC Eases Bank Account Opening Process

By Editors | 19/05/2015

Customers opening new bank accounts will no longer be required to visit bank offices in person

Cloud & Infrastructure

S Korea’s FSC Aims to Get More Banks to Fund Fintech Firms

By Editors | 07/05/2015

South Korea’s Financial Services Commission (FSC) said the state-run policy lenders Korea Development Bank and the Industrial Bank of Korea will allocate 200 billion won ($184.9 million) in funds this year to support financial technology companies or fintech.

Structural Regulation

CCB (Asia) Selects Wolters Kluwer to Help Address Regulatory Reporting Requirements

By Editors | 05/05/2015

China Construction Bank (Asia) has announced they will be implementing Wolter Kluwers, OneSumX Regulatory Reporting solution.

Cybersecurity

Trade Groups Urge Beijing to Halt Bank Technology Rules

By Editors | 14/04/2015

Trade groups from the US, Europe and Japan urged China to suspend guidelines that may shut out foreign technology suppliers in the country’s banking industry.

Cloud & Infrastructure

China Puts Bank Technology Rules On Hold

By Editors | 02/04/2015

China has agreed to delay the implementation of rules that require banks to purchase “safe and controllable” technology products, effectively excluding some foreign technology firms in the market.

Cloud & Infrastructure

China Bank IT Rules Raise Concern from EU, US Groups

By Editors | 16/03/2015

The Chinese government policy that requires commercial banks to obtain “secure and controllable” information technology equipment potentially puts Beijing in a tough position with major trading partners, the Financial Times reported.

Cloud & Infrastructure

Australian Banks, Tech Firms to Launch Sydney Fintech Hub

By Editors | 03/03/2015

Australian banks and tech companies are providing $2 million in funding to launch the country’s first fintech innovation hub in Sydney this May.

Data Privacy

China, US Officials Discuss Banking Security Rules

By Editors | 13/02/2015

China’s proposed banking security rules requiring foreign technology firms to turnover source codes and submit to audits were among items discussed in a recent high-level talks between Beijing and the U.S.