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KYC & CDD
RBI Invites NBFCs to Apply for Aadhaar Authentication Licences
By Editors | 17/09/2021
With a KUA or sub-KUA licence, NBFCs will be able to authenticate client Aadhaar numbers using the e-KYC facility provided by UIDAI.
Data Privacy
NZ Privacy Commissioner Issued Compliance Notice to RBNZ
By Editors | 16/09/2021
The compliance notice was triggered by the cyber-attack suffered by the RBNZ in December 2020, and confirms the work underway to make its systems more secure.
Fraud, Scams & Cybercrime
Singapore Authorities Warn of SMS Diversion Attacks
By Editors | 15/09/2021
Malicious actors gained access to the systems of overseas telecom operators to divert SMS OTPs and authenticate fraudulent card transactions.
Conduct, Culture & Accountability
HKMA Finds Gaps in How Banks Sell Tax Deductible Products
By Sanday Chongo Kabange | 15/09/2021
Some banks did not ensure the products were suitable, or did not explain product features and risks to customers.
Clearing & Post-Trade
Bursa Malaysia to Explore Dematerialised Structured Warrants
By Editors | 15/09/2021
Digital Asset, VMware, Macquarie Capital Securities and Maybank Investment Bank will participate in the dematerialisation proof-of-concept.
Cloud & Infrastructure
FSC Korea Selects 20 Entities for Digital Data Testbed
By Editors | 14/09/2021
Fintech startups will test their business ideas for 11 weeks between 27 September and 10 December, and announce their results by year end.
Data Privacy
RBI Account Aggregator Framework Brings Open Banking to India
By Editors | 12/09/2021
Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.
Cybersecurity
New Zealand Banks ANZ, Kiwibank Hit with DDoS Attacks
By Editors | 12/09/2021
ANZ said it had recovered on Thursday but online services were intermittent on Friday. Kiwibank was still working to get its systems back up through Sunday.
Cybersecurity
EU Regulators Warn of Cyber Risk, Credit Losses, Market Exuberance
By Sanday Chongo Kabange | 12/09/2021
The EBA, ESMA and EIOPA warn of increasingly sophisticated cyber-attacks, deteriorating credit quality, and possible exuberance in markets.
KYC & CDD
Taiwan to Revise Authentication Rules to Facilitate Digital Banking
By Editors | 10/09/2021
The new rules allow banks to use biometric authentication methods to fulfill identity authentication requirements for internet-based applications.
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