Cloud & Infrastructure

Cloud & Infrastructure

Taiwan and Lithuania Sign MOU on Financial Services Innovation

By Editors | 06/01/2025

The MOU allows both sides to exchange information and cooperate on innovation in financial services.

Cybersecurity

BIS Proposes Rule to Address Foreign Threats in Commercial Drone Market

By Editors | 04/01/2025

The proposed rule seeks to safeguard the supply chain for unmanned aircraft systems or drones against foreign adversarial influences.

Payments & Settlements

Bank Indonesia Launches Three New BI-FAST Services

By Editors | 01/01/2025

The new services enable real-time bulk transfers, requests for payment functionality, and direct debit transfers for routine payments.

Structural Regulation

Taiwan FSC Relaxes Policy on Digital Insurer Licensing

By Manesh Samtani | 31/12/2024

Digital insurers allowed to operate physical branches. Paid-in capital requirement halved. Foreign providers can apply to open Taiwan branch.

Structural Regulation

US Launches Probe Into Legacy Chips Made in China

By Editors | 26/12/2024

The probe will examine the impact of Chinese-made legacy chips used in everyday household goods and the defence industry.

Clearing & Post-Trade

ASX Recovers from Worst Market Disruption in Four Years

By Editors | 23/12/2024

No trade settlements took place on Friday due to a “CHESS batch settlement delay”. Engineers had to work through the weekend to resolve the issue.

AI Risk & Governance

HKMA’s Carmen Chu Urges Banks to ‘Embrace the Opportunities’ of GenAI

By Sanday Chongo Kabange | 22/12/2024

HKMA’s Carmen Chu said banks should foster a culture of “continuous learning” within their institutions and experiment with HKUST’s InvestLM GenAI Platform.

Payments & Settlements

Indonesia Launches NFC-based QRIS Tap Payments Trial

By Editors | 20/12/2024

The trial commenced to test contactless QRIS payments on transportation modes in Jakarta. Full implementation planned for Q1 2025

Cloud & Infrastructure

Revised Outsourcing Rules for Banks Take Effect in Singapore

By Manesh Samtani | 16/12/2024

Banks and merchant banks have to maintain a register of outsourced services and re-perform due diligence within 2 years of engaging a service provider.