AI, Technology & Data

KYC & CDD

SFC Shines Regulatory Spotlight on Online Platforms

By Hannah Cassidy | 28/09/2022

Hannah Cassidy and Natalie Curtis discuss key areas of concern for the SFC in relation to the online platforms operated by licensed firms.

Cybersecurity

Australia: Optus Data Breach to Prompt Legislative Reform

By Manesh Samtani | 27/09/2022

Australian Prime Minister Anthony Albanese said the Optus breach was a “huge wake-up call” for the corporate sector.

Cloud & Infrastructure

HKMA Launches Fintech Training Subsidy Scheme

By Editors | 26/09/2022

The scheme will provide training subsidies to around 1,500 industry practitioners who have attained professional qualifications in fintech.

Trading & Investment

SEBI to Tighten Rules on Algo Trading Offered to Retail

By Editors | 26/09/2022

SEBI will scrutinise firms offering algorithmic trading services that claim high returns but cannot be audited or validated.

Cybersecurity

HKMA Issues Guidance on Protecting Payment Card Data

By Manesh Samtani | 26/09/2022

The guidance emphasises the need for due diligence of third-party service agents, ongoing monitoring, and prompt reporting of incidents.

Structural Regulation

RBNZ, FMA Seeks Feedback on Draft FMI Standards

By Sanday Chongo Kabange | 25/09/2022

The FMI Standards are likely to be issued in early 2023 and take effect around 1 August 2023 – once FMI designations are complete.

Cloud & Infrastructure

ADB Paper Offers Guidance on Building Regtech, Suptech Ecosystems

By Sanday Chongo Kabange | 25/09/2022

Central to success is a high level of commitment to a “digital first” strategy, both from the regulatory community and the wider industry.

Payments & Settlements

India Launches Three New Digital Payments Initiatives

By Editors | 24/09/2022

The three initiatives have the potential to revolutionise the digital payments ecosystem, said NPCI.

Data Privacy

US SEC Fines Morgan Stanley Unit for Not Protecting Customer Data

By Manesh Samtani | 24/09/2022

A moving and storage company hired by Morgan Stanley’s wealth management division sold thousands of devices containing customer information to a third party.