Cloud & Infrastructure

    Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.

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    Payments & Settlements

    Trade Bodies Call on Industries to Adopt eBL Declaration

    By Editors | 06/09/2023

    The declaration signals a commitment to collaborate on digitalisation and adopt eBLs, which will enable faster transactions, cost savings, and lowered fraud risks.

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    Tokenisation

    Swift Publishes Findings from Tokenisation Experiments

    By Editors | 04/09/2023

    Swift says its existing infrastructure can provide a single point of entry for FIs to move tokenised assets across blockchains.

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    Cloud & Infrastructure

    FSC Korea Pledges Support for Fintech Industry

    By Sanday Chongo Kabange | 31/08/2023

    The FSC will improve regulations to promote fintech innovation in Korea and also support the expansion of fintech firms overseas.

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    Cloud & Infrastructure

    Australia Abruptly Halts Business Registers Upgrade Project

    By Sanday Chongo Kabange | 29/08/2023

    Australia is stopping work on its business registers modernisation programme due to its excessive cost and expected time-to-completion.

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    Operational Risk

    OCBC Suffers Near Four-hour Bank Service Outage

    By Editors | 28/08/2023

    OCBC’s internet and mobile banking platforms were disrupted from around 8.30am until around 12.20pm on Monday.

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    AI Risk & Governance

    HKMA Announces Expanded Scope of Fintech Push

    By Sanday Chongo Kabange | 28/08/2023

    The HKMA will take “proactive steps” to assist banks, brokers and insurers to “put fintech solutions into action”.

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    Data Privacy

    China Allows New Accounting Treatment of Data Resources

    By Editors | 24/08/2023

    Under the new rules, companies will be able to classify their data as intangible assets. Data held for sale can be recognised as inventories.

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    AI Risk & Governance

    BCG Explores the Potential of Generative AI for Finance

    By Mark Johnston | 22/08/2023

    BCG says CFOs should embrace generative AI “immediately” and remove any obstacles to adoption in their departments.

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    Structural Regulation

    Bangladesh Bank Receives 52 Digital Bank Licence Applications

    By Editors | 20/08/2023

    The number of applications substantially exceeds projections by Bangladesh Bank, which initially intends to only grant two or three licences

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    Payments & Settlements

    BSP Unveils Timeline for New International Transaction Reporting System

    By Editors | 18/08/2023

    A soft launch of the new data collection system will be in January 2024. Full implementation is set for April 2024.

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