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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    Conduct, Culture & Accountability

    US SEC Fines JPMorgan for Inadvertently Deleting Emails

    By Editors | 25/06/2023

    The emails were accidentally permanently deleted during a project to delete certain historical communications from the 1970s and 1980s.

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    Data Privacy

    Korea ‘Financial AI Data Library’ to Start Operations in July

    By Sanday Chongo Kabange | 24/06/2023

    The Financial AI Data Library allows the reuse of pseudonymous information in a secure environment, which will help fintechs and financial firms save time and cost.

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    Cloud & Infrastructure

    BSP Introduces Open Finance Pilot to Advance Financial Inclusion Objectives

    By Ranamita Chakraborty | 23/06/2023

    The pilot involves participation from FIs to co-develop an “open, interoperable, and scalable ecosystem”, supported by the BSP and IFC.

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    Cloud & Infrastructure

    FSB Consults on Third-Party Risk Management Toolkit

    By Editors | 23/06/2023

    The toolkit has been developed amid a growing reliance on third-party service providers for critical financial sector operations.

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    Cloud & Infrastructure

    FSC Korea Unveils New Support Programme for Fintech Firms

    By Mark Johnston | 22/06/2023

    The FSC said it will select 30 promising fintech companies and provide them opportunities to obtain funding, receive consulting, and expand overseas.

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    Clearing & Post-Trade

    SEBI Settles With NSE Over 2021 Trading Glitch

    By Editors | 22/06/2023

    NSE and NSE Clearing have to pay a combined $8.9mn to end proceedings over a 2021 glitch that cause a complete trading halt for over three hours.

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    Cybersecurity

    Embattled PwC Caught up in Russian Cyberattack

    By Editors | 22/06/2023

    A Russian hacker group known as CL0P exploited a vulnerability in MOVEit, a third-party software platform used for secure data transfer.

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    Cloud & Infrastructure

    Philippines, India Agree to Collaborate on FinTech Regulation

    By Ranamita Chakraborty | 21/06/2023

    Key representatives from the central banks and regulatory bodies of both countries have formed a joint working group.

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    Cloud & Infrastructure

    China Urges Greater Use of Digital Means for Cross-border Business

    By Editors | 21/06/2023

    PBOC and SAFE issued a draft notice allowing banks to conduct capital account business online for market players by using electronic documents.

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    Cybersecurity

    Regulators Paying More Attention to Banks’ Cyber Resilience: FSI Paper

    By Ranamita Chakraborty | 16/06/2023

    The paper outlines how escalating cyber threats have resulted in the development of “second-generation” cyber regulations.

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