AI, Technology & Data

Cloud & Infrastructure

Mizuho May Seek Compensation from Hitachi for System Glitch

By Editors | 07/04/2021

The delay of 263 transactions for corporate clients was said to be caused by a malfunction in a disk storage device made by Hitachi.

KYC & CDD

Hong Kong to Allow Companies to Conceal Director Identities

By Manesh Samtani | 03/04/2021

The proposal will hamper the ability of investors, banks, property agents, researchers and journalists to carry out due diligence on transactions and counterparties.

Payments & Settlements

Thailand, Vietnam Launch Cross-Border QR Code Link

By Sanday Chongo Kabange | 03/04/2021

The retail payment link will facilitate cross-border transactions between Thailand and Vietnam using local currencies.

Cybersecurity

FS-ISAC Warns Banks of Growing Threat from Cyber Attacks

By Editors | 01/04/2021

Nation-states and cybercriminals may be wittingly leveraging each other’s tools and tactics, leading to an increase in cross-border attacks targeting financial services suppliers.

AI Risk & Governance

Central Banks Should Embrace Innovation: Jacqueline Loh

By Editors | 29/03/2021

MAS’ Jacqueline Loh outlined several central bank-led innovation initiatives underway, including a project that will help quantify the ESG impact of investments and loan portfolios.

Cloud & Infrastructure

APRA Releases Taxonomy for New Superannuation Data Submissions

By Editors | 28/03/2021

APRA has released the draft data dictionary, validations, reporting taxonomy and XML Schema Definition for new data submissions due to start in September.

AI Risk & Governance

HKMA Launches Regtech Challenge to Address Banking Pain Points

By Editors | 26/03/2021

The HKMA invites Regtech providers to showcase solutions to help Hong Kong banks solve common risk management and regulatory compliance pain points.

Payments & Settlements

BIS, SWIFT Announce Winners of ISO 20022 Hackathon

By Editors | 25/03/2021

The winners were Atomic Wire, Mojaloop, Virtusa and AWS for solutions that help to enhance cross-border payments using ISO 20022 and APIs.

Data Privacy

China to Ban Collection of ‘Irrelevant’ Personal Data By Mobile Apps

By Sanday Chongo Kabange | 25/03/2021

Under new guidelines, mobile apps cannot deny users access to their services if users refuse to share unnecessary personal information.