Cloud & Infrastructure

Anti-Money Laundering

AUSTRAC Offers Update on Work to Enhance Reporting System

By Editors | 13/04/2022

The IFTI-E schema version 2.0 will be finalised in the next few months. This will be used to enable the upload of IFTI-E reports through a new API and user interface.

Cloud & Infrastructure

RBI Issues Guidelines on Establishing Digital Banking Units

By Ranamita Chakraborty | 11/04/2022

Commercial banks with past digital banking experience can open new digital banking units without having to seek authorisation from the RBI.

Operational Risk

BCBS Expresses Concerns About Fourth Party Technology Risks

By Editors | 01/04/2022

Banks and supervisors are concerned that a lack of complete supply chain transparency may increase operational risk.

Cloud & Infrastructure

APRA Sets Out Roadmap for Full Transition to APRA Connect

By Editors | 01/04/2022

APRA says it will receive all data collections through APRA Connect by 2027, and regulated entities should prepare by exploring automation opportunities.

AI Risk & Governance

BIS, MAS Launch Prototype Supervisory Analytics Platform

By Manesh Samtani | 31/03/2022

Project Ellipse can provide regulators with early warning indicators, analytics and prudential metrics to assist them in risk detection and banking supervision.

Payments & Settlements

RBI to Require Geo-Tagging of Payment System Touch Points

By Editors | 31/03/2022

Banks and payment system operators will have to capture, maintain and report the geographical coordinates of all payment touch points deployed by merchants.

Structural Regulation

Next Bank Launches as Taiwan’s Third Digital-only Bank

By Darien Choong | 30/03/2022

Next Bank shareholders include Chunghwa Telecom, PX Mart, Mega International Commercial Bank, KGI Bank, the Shin Kong Group, and Trade-van.com.

Cloud & Infrastructure

BOT Offers Update on Transition to Sustainable Digital Economy

By Editors | 29/03/2022

The BOT will publish a virtual bank licensing framework by Q2 2022, and directions on its open banking policy in Q3 2022.

Cloud & Infrastructure

GLEIF to Include Organisational Role Information in vLEI

By Editors | 29/03/2022

GLEIF says the new ISO 5009 standard facilitates a universal approach for including official organisational role information in digital ID credentials.