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Structural Regulation
BSP Issues Two New Digital Bank Licences
By Ranamita Chakraborty | 09/06/2021
The BSP has now granted three digital bank licences to date, two of which are conversions from other types of banking licences.
Cloud & Infrastructure
HKMA Announces New Fintech Development Strategy
By Editors | 09/06/2021
The “Fintech 2025” strategy seeks the comprehensive adoption of technology in the financial sector by 2025 through a focus on five key areas.
Conduct, Culture & Accountability
Culture & Conduct Risk: Singapore Sets the Pace for Peers
By Stephen Scott | 08/06/2021
Among global peers, Singapore is setting the pace for effective governance of culture and conduct risks, say Starling’s Stephen Scott and Mark Cooke.
Data Privacy
European Commission Proposes European Digital Identity Regulation
By Sanday Chongo Kabange | 08/06/2021
To expedite the initiative, the European Commission has issued a recommendation for member states to establish a common toolbox by September 2022.
Fraud, Scams & Cybercrime
US DOJ Forms Ransomware and Digital Extortion Task Force
By Editors | 06/06/2021
The task force will be used to coordinate efforts to combat ransomware attacks, which will now be treated with the severity of terrorism threats.
Cloud & Infrastructure
APRA Publishes New Guide on Using New Data Collection Platform
By Editors | 06/06/2021
The guide provides comprehensive information to assist users in accessing, navigating and using APRA Connect.
Cybersecurity
RBA to Modernise Identity, Access Management Capabilities
By Ranamita Chakraborty | 04/06/2021
The RBA has issued a tender request inviting firms to supply it technology to enhance its identity and access management capabilities.
Cloud & Infrastructure
MAS Issues Guidance on Managing Risks of Cloud Services
By Editors | 04/06/2021
In a new advisory, MAS highlights the key risks and control measures FIs should consider before adopting public cloud services.
Data Privacy
Vietnam’s Data Privacy Decree: the Tip of the Global Compliance Iceberg
By John Berven | 03/06/2021
Organisations can leverage lessons from implementing GDPR and other international data laws to address Vietnam’s new Personal Data Protection Act, writes John Berven.
Cloud & Infrastructure
PBOC Explores New Financial Data Sharing Ecosystem
By Sanday Chongo Kabange | 01/06/2021
The so-called “data-sharing hub” will allow data sharing between trusted institutions in a way that ensures that the source data can be used but not seen or moved.
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