AI, Technology & Data

Cybersecurity

MAS, BdF Complete Joint Experiment on Post Quantum Cryptography

By Editors | 06/11/2024

The experiment tested the use of quantum-resistant cryptographic algorithms for email communications. The next phase will focus on payments.

Cybersecurity

Bangladesh Bank Directs FIs to Enhance Cyber Defences

By Nithya Subramanian | 05/11/2024

The recommended measures include robust authentication protocols, AI-driven monitoring and enhancements to access control systems.

Operational Risk

FCA Issues Guidance on Preparing for CrowdStrike-Style Outages

By Manesh Samtani | 05/11/2024

The FCA offers guidance on compliance with its operational resilience rules by 31 March 2025, drawing lessons from the response to CrowdStrike’s July outage.

Anti-Money Laundering

Regulation Asia Awards for Excellence 2024 – Results Announcement

By Editors | 05/11/2024

Regulation Asia held its 7th annual Awards ceremony on 4 November 2024. Here we announce the winners in each category.

Operational Risk

ANZ Announces Organisational Changes to Streamline Operations

By Thisanka Siripala | 05/11/2024

ANZ CEO Shayne Elliot said the changes will provide “clearer accountabilities for operations” and will drive “consistency and predictability.”

Anti-Money Laundering

SFC Calls for Responsible Adoption of Regtech for AML Fight

By Sanday Chongo Kabange | 05/11/2024

In a survey of licensed corporations, 80 percent said regtech adoption and utilisation has improved their AML capabilities.

Trading & Investment

HKEX to Digitalise ETP Creation and Redemption Process

By Sanday Chongo Kabange | 05/11/2024

HKEX will introduce a new web-based platform that will connect ETP participants through the use of distributed ledger technology and smart contracts.

Fraud, Scams & Cybercrime

Bank of Singapore Recognised for Use of AI in Fraud and Financial Crime Prevention

By Editors | 04/11/2024

Bank of Singapore’s AI-driven fraud prevention solution was highly commended in the category of Best Use of AI for Fraud and Financial Crime Prevention _by a Ban_k at the 7th Regulation Asia Awards for Excellence 2024

Cloud & Infrastructure

Regnology Wins Best Tax Reporting Solution at 2024 Regulation Asia Awards

By Editors | 04/11/2024

Regnology Tax Hub was awarded Best Tax Reporting Solution at the 7th Regulation Asia Awards for Excellence 2024, celebrated in person on 4 November 2024.