AI, Technology & Data

    KYC & CDD

    HKMA Issues Guide for Regtech Adoption in Customer Monitoring

    By Manesh Samtani | 27/07/2021

    The Guide will help banks assess whether they have the appropriate governance, controls, skills, infrastructure and underlying data to adopt Regtech solutions in ongoing monitoring of customers.

    Data Privacy

    Australia Consults on Expansion of CDR to Telecom Sector

    By Editors | 27/07/2021

    Telecommunications will be the third sector to be considered for designation after banking and energy, which were designated in 2019 and 2020.

    Market Data & Technology

    New Body Formed to Promote Open Standards for Capital Markets

    By Sanday Chongo Kabange | 27/07/2021

    The GLML Foundation is developing general-purpose legal markup language as an open data standard for capital markets.

    Data Privacy

    Chinese Firms Redirect IPOs From New York to Hong Kong

    By Sanday Chongo Kabange | 26/07/2021

    Chinese authorities are considering severe penalties for Didi Chuxing, which proceeded with its New York IPO despite being asked to first submit to a cybersecurity review.

    Cloud & Infrastructure

    HKMA Launches Commercial Data Interchange Innovation Hub

    By Editors | 23/07/2021

    The Hub will further facilitate the development and adoption of the CDI by helping to match potential data providers and data users.

    Cloud & Infrastructure

    MAS, SFA Launch 2021 SFF Global FinTech Awards

    By Ranamita Chakraborty | 22/07/2021

    The theme for the 2021 awards is “Emerging from a pandemic, the road to recovery”. The awards will be hosted entirely on API Exchange.

    Anti-Money Laundering

    Japan Banks to Deploy Shared System for AML/CFT Monitoring

    By Manesh Samtani | 22/07/2021

    The FSA’s Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.

    AI Risk & Governance

    China Banking Body Mulls Certification for Fintech Professionals

    By Sanday Chongo Kabange | 22/07/2021

    The China Banking Association plans to launch a government-approved certification programme for fintech professionals.

    Conduct, Culture & Accountability

    ASIC Publishes Data Definitions for New Complaints Handling Regime

    By Ranamita Chakraborty | 22/07/2021

    New dispute resolution standards will commence on 5 October this year. ASIC has released a data dictionary and data glossary to support pilot testing.

    Payments & Settlements

    CPMI, IOSCO Identify Shortcomings in FMI Business Continuity Plans

    By Editors | 22/07/2021

    Some FMIs do not fully meet expectations with respect to recovery from operational incidents, such as natural disasters or IT systems outage.

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