Cloud & Infrastructure

Cloud & Infrastructure

RBI Report Highlights Growing Role of Fintech in Providing Credit

By Ajoy K Das | 09/11/2023

Regulation needs to be quick and nimble to promote access and growth while ensuring financial stability, the report says.

Cloud & Infrastructure

eMPF –The Race to Optimise Operating Models

By Monik Harindran | 09/11/2023

Hong Kong’s eMPF project presents trustees with an opportunity to rethink operating models, says Monik Harindran.

Operational Risk

DBS to Strengthen In-House Software Engineering Team

By Editors | 08/11/2023

DBS chief Piyush Gupta said deeper engineering talent is needed in-house to troubleshoot software bugs such as those that caused this year’s service disruptions.

Operational Risk

Singapore’s OCBC Experiences 2.5 Hour Service Disruption

By Editors | 08/11/2023

In Singapore, banks are required to ensure that critical systems and services can be restored within four hours following an outage.

Cloud & Infrastructure

Singaporean Fintechs Expand into Australia with Project Lorikeet

By Mark Johnston | 07/11/2023

Four Singaporean fintech companies have successfully expanded into the Australian market through a joint initiative by SFA and Austrade.

Data Privacy

HKMA to Launch Bank Account Data Sharing Pilot by Year-End

By Editors | 01/11/2023

The first phase of the IADS initiative will be for corporate customers. The HKMA hopes to progressively extend it to retail bank accounts from June 2024 onwards.

CBDCs

BIS Innovation Hub Releases Update Report for Project mBridge

By Manesh Samtani | 01/11/2023

The update reveals a list of 25 observing members, and that the mBridge platform offers APIs based on ISO 20022 and uses LEIs for participant identification.

Payments & Settlements

MAS to Launch POC to Enhance Interoperability for QR Payments

By Editors | 01/11/2023

The POC will explore the feasibility of enabling merchants to accept QR payments from a variety of local and international payment schemes by signing up with a single FI.

Cloud & Infrastructure

RBI Allows Five MSME Lending Products to Exit Sandbox

By Ajoy K Das | 31/10/2023

Regulated entities are allowed to adopt the MSME lending products. The RBI also opened applications for its fifth sandbox cohort, which is “theme neutral”.