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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.
Cybersecurity
WEF Report Calls for Cybersecurity to be Prioritised
By Editors | 30/01/2022
The report highlights prioritisation gaps between business executives and security-focused leaders, saying this can leave firms vulnerable to attacks.
Payments & Settlements
HKMA Unveils Plans to Link eTradeConnect, CDI, mBridge
By Manesh Samtani | 28/01/2022
HKMA’s Eddie Yue said the combined power of the three infrastructures will pave the way for digitalising cross-border trade across APAC.
Cloud & Infrastructure
China Launches Data Platform for Wealth Management Sector
By Sanday Chongo Kabange | 27/01/2022
The platform is expected to help wealth management companies expand and enhance their product sales channels – especially the WMC units of smaller-scale banks.
Data Privacy
Open Data: Thailand Launches Digital Bank Statement Service
By Ranamita Chakraborty | 26/01/2022
The ‘dStatement’ service enables consumers to send their bank statement data directly from one bank to another via their mobile banking apps.
CBDCs
Bank of Korea to Advance CBDC Testing to Second Phase
By Editors | 26/01/2022
In phase two, BOK will test offline payments, remittances to accounts outside Korea, and the use of its CBDC as payment for NFTs.
Cloud & Infrastructure
BNM Unveils Five Year Blueprint to Develop Financial Sector
By Manesh Samtani | 25/01/2022
The blueprint contains plans to advance financial sector digitalisation, develop an open data ecosystem, and improve efficiency in cross-border payments.
Cloud & Infrastructure
ASIC to Enhance Corporate Disclosures Through Regtech
By Sanday Chongo Kabange | 24/01/2022
Five regtechs are tasked with conducting a feasibility study to help ASIC analyse corporate disclosures and assess compliance by listed companies.
Cloud & Infrastructure
Korea FSS Vows to Increase Support for Fintech Industry
By Editors | 23/01/2022
The FSS will push for the enactment of a so-called “Fintech Nurturing Act”, which will ease restrictions on investment in fintech firms by financial companies.
AI Risk & Governance
BSP to Enhance Policy Formulation Through Big Data
By Editors | 19/01/2022
The BSP has partnered with the University of the Philippines to develop a News Sentiment Index, which will lead to more targeted policy formulation.
Cloud & Infrastructure
FSC Korea Reiterates Plans to Regulate Bigtech in Financial Services
By Sanday Chongo Kabange | 17/01/2022
The FSC will apply “same rules for same services” to ensure fair competition between bigtech firms and financial institutions.
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