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Data Privacy
FSC Korea Set to Grant First Insurance Firms MyData Licences
By Sanday Chongo Kabange | 27/06/2021
The granting of licences to insurance companies is expected to help diversify the service areas covered by the MyData platform.
AI Risk & Governance
ASIFMA Calls for Harmonised Approach to Regulating AI
By Editors | 25/06/2021
Regulators should leverage existing frameworks that largely already address and mitigate the key risks associated with the increased use of AI.
Conduct, Culture & Accountability
SFC Fines Deutsche Securities Asia Over Prime Brokerage Statements
By Editors | 25/06/2021
A system design caused a failure to distinguish between ex-entitlement dates and settlement dates of bonus share events in periodic statements.
Data Privacy
Australia DTA Consults on Digital ID Expansion Plans
By Ranamita Chakraborty | 24/06/2021
The consultation will facilitate the introduction of legislation to expand access to the digital identity system to private sector entities.
Cloud & Infrastructure
SFA Forms ‘Club’ to Drive Fintech Community Development
By Ranamita Chakraborty | 24/06/2021
SG FinTech Club will enable fintech professionals to make deeper connections with industry peers, upskill and access growth opportunities.
Data Privacy
BSP Unveils Open Finance Framework, Plans Tiered Implementation
By Sanday Chongo Kabange | 23/06/2021
The framework promotes consent-driven data portability, interoperability, and collaborative partnerships between FIs and fintech players, the BSP said.
Cybersecurity
Enterprise Ireland, Kapronasia Publish APAC Regtech Study
By Manesh Samtani | 23/06/2021
Lengthy procurement processes, cumbersome IT and security approvals, and implementation complexity are hindering APAC regtech adoption.
Fraud, Scams & Cybercrime
Australian Police to Establish Ransomware Taskforce
By Ranamita Chakraborty | 22/06/2021
The new taskforce will enable the Australian police to have a more unified approach to pursue ransomware attackers.
Tokenisation
Indian Banks to Develop Blockchain System for LCs
By Ranamita Chakraborty | 21/06/2021
The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.
Cloud & Infrastructure
InvestHK Launches 2021 Fintech Fast Track Programme
By Sanday Chongo Kabange | 21/06/2021
Selected companies will be showcased prominently at Hong Kong Fintech Week 2021 which takes place from 1 to 5 November.
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