Cloud & Infrastructure

Cloud & Infrastructure

Korea FSS Issues Guidance on Financial Reporting in XBRL Format

By Editors | 21/01/2025

The FSS is progressively expanding the use of XBRL for financial reporting but has identified some deficiencies in XBRL submissions

Payments & Settlements

NPCI Signs Partnership to Enable UPI Payments in UAE

By Editors | 18/01/2025

NPCI’s international arm signed an agreement with payment solutions provider Magnati to enable QR-based UPI merchant payments through POS terminals across the UAE.

Data Privacy

Hong Kong PCPD Issues Updated Guidance on Cloud Computing

By Sanday Chongo Kabange | 18/01/2025

The PCPD was prompted to issue the updated guidance following a data breach incident at the Urban Renewal Authority.

Cloud & Infrastructure

ASIC Appoints New CEO to Spearhead Next Phase of Transformation

By Thisanka Siripala | 17/01/2025

Starting 17 March 2025, ASIC’s new CEO will be Scott Gregson, who has been at the ACCC for nearly 30 years and currently serves as its CEO.

Cloud & Infrastructure

OECD Offers Recommendations to Strengthen Digital Public Infrastructure

By Thisanka Siripala | 17/01/2025

OECD report offers recommendations for governments to maximise the value of digital public infrastructure and drive sustainable digital transformation.

Structural Regulation

Hong Kong Digital Banks Consider Opening Physical Branches

By Editors | 14/01/2025

HKMA said in October that it would allow digital banks to have limited physical branches to help them improve transaction processes and customer experience

Cloud & Infrastructure

HK Credit Data Platform Lowers Access Barrier for Small FIs

By Sanday Chongo Kabange | 14/01/2025

Platform operator HKICL has developed a new interface that provides a lower-cost and more convenient way for lenders to connect to Credit Data Smart.

AI Risk & Governance

What Makes Asia a Hub for Innovative Regulation?  

By Manoj Singh | 14/01/2025

The RBI’s Manoj Singh says Asia is a natural hub for innovative regulation, with Singapore increasingly being recognised for its leadership in fintech

Cloud & Infrastructure

HKMA Launches Supervisory Incubator to Promote Responsible DLT Adoption

By Sanday Chongo Kabange | 09/01/2025

The incubator provides banks a one-stop platform for obtaining supervisory feedback on DLT-related proposals and the option to conduct live trials.