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AI Risk & Governance
MAS Announces Completion of Phase One of Veritas Initiative
By Editors | 06/01/2021
The first phase of Veritas resulted in the development of a fairness assessment methodology based on the FEAT principles for two use cases.
Payments & Settlements
White House Bans US Transactions With Chinese Payment Apps
By Editors | 06/01/2021
White House allies including Treasury Secretary Steve Mnuchin also reportedly pressured the NYSE to again reverse its decision on delisting Chinese telecom stocks.
Cloud & Infrastructure
Hong Kong Launches New Digital Identity Platform ‘iAM Smart’
By Manesh Samtani | 02/01/2021
The SFC, HKMA, IA and MPFA are encouraging FIs to adopt iAM Smart in their businesses for customer authentication, document signing, and remote onboarding.
Data Privacy
ACCC Extends Consumer Data Right to Business Customers
By Editors | 29/12/2020
The amendments will encourage CDR participation by expanding its benefits to more businesses, including companies and partnerships, the ACCC said.
Data Privacy
FSC Korea Expands Open Banking Access, Grants ‘MyData’ Licences
By Editors | 22/12/2020
“With more types of financial institutions joining the open banking system, it will help promote competition and improve consumer convenience,” the FSC said.
Trade Based Money Laundering
Regulation Asia: Top Ten News Stories for 2020
By Editors | 22/12/2020
This list presents the most-read new stories published by Regulation Asia in 2020, based on aggregated user traffic analytics.
KYC & CDD
Regulation Asia: Top Ten Contributed Articles for 2020
By Editors | 22/12/2020
This list presents the most-read contributed articles published by Regulation Asia in 2020, based on aggregated user traffic analytics.
Payments & Settlements
RBI Invites Firms to Test Cross-border Payments Tech in Sandbox
By Editors | 21/12/2020
The RBI has reduced the net worth requirement of participating firms and said it will allow partnerships and LLPs to participate.
Structural Regulation
SFC Unveils New Electronic Licensing Functions On WINGS
By Editors | 21/12/2020
The new online licensing platform marks an important milestone in the modernisation of the SFC’s gatekeeping function, said chief executive Ashley Alder.
Cloud & Infrastructure
APRA Sets September Go-Live for New Data Collection Solution
By Editors | 21/12/2020
The timing of regulatory data reporting commencing in APRA Connect will vary by industry. Existing data collections for banks will continue through D2A for the time being.
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