AI, Technology & Data

Cloud & Infrastructure

Hong Kong FSTB Launches GBA Fintech Internship Scheme

By Editors | 31/10/2023

The scheme aims to nurture fintech talent by allowing post-secondary students to gain practical experience at fintech firms across the Greater Bay Area.

Cybersecurity

MAS Unveils Proposals to Tackle Mobile Malware and AI Threats

By Editors | 31/10/2023

As financial institutions increasingly turn to GenAI to refine their operations, the  CSAP underscored the urgency of strengthening cyber defences.

Fraud, Scams & Cybercrime

OCBC Stops Using SMS as Default Notification Method

By Editors | 30/10/2023

Customers will receive alerts about payments and fund transfers through push notifications and e-mails, unless they specifically opt for SMS.

CBDCs

BIS Publishes Design Guide for Offline CBDC Payments

By Editors | 30/10/2023

The report says the complexity of developing offline payment capabilities for CBDC systems means some challenges and trade-offs cannot be solved easily.

Structural Regulation

How Markets in Southeast Asia Can Attract Liquidity

By Roland Chai | 29/10/2023

Roland Chai outlines four significant steps market infrastructures in Southeast Asia can take to attract liquidity.

Operational Risk

RBI Releases Draft Master Directions on Managing Outsourcing Risks

By Ajoy K Das | 27/10/2023

The draft makes clear that regulated entities may not outsource core management functions, such as decision-making functions like loan approvals.

Payments & Settlements

BSP Set to Launch Pilot Testing for New ITRS

By Sanday Chongo Kabange | 27/10/2023

The BSP has started sending banks XML schema definitions for its new International Transactions Reporting System.

KYC & CDD

Taiwan FSC Issues New Digital Identity Verification Guidelines

By Editors | 27/10/2023

The guidelines will make it easier for financial institutions to implement new identity verification mechanisms and scenarios.

Clearing & Post-Trade

Incoming Regulatory Changes in Post Trade Present Significant Challenges

By Julie Feaunati | 26/10/2023

Julie Feaunati discusses the systems and infrastructure changes needed to ensure T+1 readiness and accommodate derivatives trade reporting rule rewrites.