Cybersecurity

Cybersecurity

APAC Region has World’s Worst Cyber Security, Study Finds

By Samuel Riding | 31/08/2016

Region’s surfeit of financial data one of the main causes of increase in security threats.

Payments & Settlements

MAS Issues Payments Consultation

By Samuel Riding | 26/08/2016

Regulator proposes activity-based regime under single regulatory framework.

KYC & CDD

Fintech Start-ups Including KYC Platform Enter Accenture’s APAC Innovation Lab

By Samuel Riding | 25/08/2016

Accenture announced that eight leading financial technology (fintech) companies including a KYC platform began a 12-week mentorship program in the […]

Payments & Settlements

MAS to Simplify E-Payment Regulation

By Samuel Riding | 22/08/2016

Regulator set to unify licensing regime in bid to boost electronic payments industry.

Cloud & Infrastructure

S.Korea to Launch Open Fintech Platform

By Samuel Riding | 17/08/2016

Mechanism including API will remove need for financial technology firms to sign individual contracts.

Operational Risk

MAS to Require Bank Security Upgrades

By Samuel Riding | 16/08/2016

Safety of employees and customers should remain top priority, regulator says.

Cloud & Infrastructure

MAS Issues New Risk Management Outsourcing Guidelines

By Editors | 28/07/2016

Conclusions address issues around cloud computing and outsourcing arrangements for FIs.

Data Privacy

MAS Probes Bank ‘Data Dump’

By Samuel Riding | 20/07/2016

Dumped documents include corporate statements, loan applications, client passwords and internal reports.

Fraud, Scams & Cybercrime

Malware Prompts Taiwan Banks to Shut off ATMs

By Samuel Riding | 13/07/2016

Two other lenders follow First Bank in turning off machines after more than USD2mn is stolen.