Cloud & Infrastructure

Cloud & Infrastructure

HKMA to Collaborate With Saudi Central Bank on Market Connectivity

By Sanday Chongo Kabange | 28/07/2023

The two central banks will also collaborate on financial infrastructure development, sustainable development and fintech.

Payments & Settlements

Why Banks Should Leverage ISO 20022 as an Innovation Accelerator

By Pete McCormick | 26/07/2023

Pete McCormick discusses the challenges banks face in adopting ISO 20022, as well as the benefits of doing so, using a strategic approach.

AI Risk & Governance

AI Regulatory Sandboxes Need Cooperation and Expertise: OECD

By Ranamita Chakraborty | 19/07/2023

A recent OECD report on AI regulatory sandboxes highlights important policy considerations that emphasises the need to build AI regulatory expertise and interdisciplinary cooperation.

Cloud & Infrastructure

Philippines: Banks See Shift to XML-based Reporting as Beneficial, Despite Challenges

By Manesh Samtani | 19/07/2023

BSP officials and members of the banking community attended a Regulation Asia-Adenza roundtable to discuss new XML-based reporting requirements in the Philippines.

Payments & Settlements

Hong Kong to Launch New eMPF Platform in Q2 2024

By Sanday Chongo Kabange | 19/07/2023

Software development was largely completed in June. Testing will be completed within this year. Migration will commence in Q2 2024.

Structural Regulation

Korea FSS Launches New Online Licence Application Platform

By Sanday Chongo Kabange | 18/07/2023

The new “S.T.A.R.T” platform allows applicants to submit licensing, registration and accreditation applications digitally.

AI Risk & Governance

UK FCA Outlines Plans for Regulating AI and Big Tech

By Manesh Samtani | 16/07/2023

The FCA will address competition issues raised by Big Tech firms and potentially expand the SMCR to apply to “the most senior individuals managing AI systems”.

Cloud & Infrastructure

HKIMR Report Urges Focus on Financial Inclusion and Sustainable Innovation

By Editors | 13/07/2023

The report highlights the need for continuous investments in human capital and skills development to foster innovation.

Structural Regulation

Hong Kong Enacts Amendments to Facilitate Electronic Submissions to Official Receiver

By Editors | 12/07/2023

The focus of the amendments is to facilitate the electronic submission of specific documents to the Official Receiver, allow for electronic proxies, and introduce other improvements.