AI, Technology & Data

Cybersecurity

CSRC Releases Four New Standards for Securities Industry

By Editors | 14/02/2023

The standards include new penetrating testing guidelines which the CSRC says will strengthen the security of information systems in the industry.

Conduct, Culture & Accountability

Trust in Singapore Banks Increases for Second Year Running

By Editors | 13/02/2023

The ABS Culture and Conduct Steering Group will seek to further build trust by strengthening digital banking security and highlighting banking practices that may compromise consumers.

Trading & Investment

Hermès Wins Trademark Infringement Case Involving NFTs

By Mark Johnston | 13/02/2023

A jury ruled that an artist violated Hermès’ copyright and brand image by selling NFTs depicting the company’s Birkin handbags covered in fur.

Payments & Settlements

HSBC Launches Multicurrency Payment Platform for E-Commerce

By Editors | 13/02/2023

The platform allows e-commerce businesses in Hong Kong to receive payments from overseas customers in six currencies within minutes.

PEPs & Sanctions

South Korea Issues First Independent DPRK Sanctions

By Editors | 12/02/2023

The sanctions came hours after South Korea and the US released a joint cybersecurity advisory detailing the threat posed by North Korean ransomware actors.

Anti-Money Laundering

BIS Innovation Hub to Study Use of Data Technologies for AML

By Editors | 12/02/2023

Project Aurora will study privacy-enhancing technologies, machine learning methods, network analysis, the use of additional data sources, and “machine-readable typologies”.

Data Privacy

EU Parliamentarians Back Eurozone Digital Wallet Framework

By Sanday Chongo Kabange | 12/02/2023

The EU Digital Identity Wallet, expected to go live in 2024, will make it possible to store personal credentials within a single digital ID.

Cloud & Infrastructure

BIS Chief Calls for Regulatory Framework for Big Techs in Finance

By Manesh Samtani | 11/02/2023

Agustín Carstens says big techs involved in financial services are gaining systemic importance and may quickly become “too big to fail”.

Cloud & Infrastructure

Australia to Review Modernising Business Registers Programme

By Editors | 11/02/2023

The programme involves consolidating dozens of registers into a single platform run by a one-stop shop service.