AI, Technology & Data

Cloud & Infrastructure

OJK Indonesia Directs Banks to Prioritise Digital Transformation

By Editors | 02/11/2021

OJK says banks need to prioritise digital transformation to improve their competitiveness and ensure the overall resilience of the banking sector.

Structural Regulation

China: Regulatory Crackdown on Internet Platforms Not Yet Complete

By Darien Choong | 02/11/2021

About half China’s major Internet platforms have implemented plans to restructure their financial businesses. More progress is expected by year-end.

AI Risk & Governance

HKIMR Offers Suggestions to Narrow AI/BD Talent Gap

By Editors | 31/10/2021

An estimated 2,000 professionals with both finance and AI/big data skills are needed to meet the talent gap in Hong Kong’s financial industry.

Cloud & Infrastructure

IOSCO Updates, Expands Principles on Outsourcing

By Editors | 31/10/2021

IOSCO’s principles on outsourcing have been updated to include trading venues, intermediaries/market participants acting on a proprietary basis, and CRAs.

KYC & CDD

IFC to Develop e-KYC Infrastructure for Bangladesh

By Editors | 31/10/2021

International Finance Corporation will help Bangladesh’s FIU develop e-KYC infrastructure to advance digital transformation and financial inclusion.

Cloud & Infrastructure

FSC Korea Pledges to Support Digital Transformation of Banks

By Sanday Chongo Kabange | 31/10/2021

FSC chairman Koh Seungbeom said the entry of tech giants into financial services has added fuel to market competition.

Cybersecurity

MAS Advisory Panel Offers Recommendations on Cybersecurity

By Editors | 31/10/2021

The Cyber Security Advisory Panel said security awareness and competency in the blockchain space are “not where they needed to be”.

Cloud & Infrastructure

Digital Capability Key to Boosting Malaysia Capital Market, says SC

By Ranamita Chakraborty | 30/10/2021

SC chairman Datuk Syed Zaid Albar highlights the importance of technology and fintech in shaping the capital market ecosystem.

Cybersecurity

US Agencies Probe Chinese Payment Terminal Maker PAX

By Manesh Samtani | 28/10/2021

PAX Global Technology is reportedly under investigation over allegations from a US payment processor that its terminals are being used to stage cyberattacks.