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Cloud & Infrastructure
Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
Cloud & Infrastructure
MAS to Cooperate with Saudi Central Bank on Fintech
By Editors | 19/10/2023
MAS and SAMA will enable cooperation between their innovation departments and share information regarding fintech.
Operational Risk
Kakao Faces Possible Class Action Over Data Centre Fire
By Mark Johnston | 18/10/2023
Lawyer says Kakao owes compensation to users of its platforms who were affected by a fire at its data centre last year.
AI Risk & Governance
US, Singapore to Deepen Collaboration on Responsible AI Innovation
By Editors | 17/10/2023
The US and Singapore completed a joint mapping exercise to make their AI governance frameworks interoperable.
Cloud & Infrastructure
Singapore Data Centre Issue Causes DBS, Citibank Disruptions
By Editors | 16/10/2023
The Saturday disruption was caused by an issue at an Equinix data centre that is used by multiple organisations.
Data Privacy
Bhutan Launches Blockchain-based Digital Identity System
By Editors | 16/10/2023
Bhutan has become the first sovereign state to implement a comprehensive decentralised digital identity framework.
Payments & Settlements
UPDATED – Japan Suffers Payment Clearing Network Disruption
By Editors | 11/10/2023
Zengin-Net restored its system in the early hours of Thursday (12 October). The FSA ordered the production of a detailed report of the incident.
Cloud & Infrastructure
The Philippines Banks on Cloud Adoption for Operational Resilience
By Ranamita Chakraborty | 11/10/2023
BSP’s Jovelyn Hao shares at a conference how the Philippine central bank sees cloud adoption as an enabler for banks’ operational resilience.
Structural Regulation
HK Wealth Firms See Regulatory Environment Improving
By Manesh Samtani | 09/10/2023
More than 80% of PWMA member firms surveyed expect the new framework for sophisticated professional investors to bring a positive impact.
Structural Regulation
BNM to Finalise Licensing Framework for Digital Insurers in 2024
By Sanday Chongo Kabange | 06/10/2023
Following consultation, BNM said it would refine and enhance several aspects of the framework for digital insurers and takaful operators.
Emerging Prudential Risks
Japanese, Korean Regulators Agree to Strengthen Cooperation
By Sanday Chongo Kabange | 06/10/2023
The FSA and FSC will cooperate on financial stability, climate change, and digitalisation of financial services. KFB and JBA also signed an MoU.
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