AI, Technology & Data

Anti-Money Laundering

RegTech Asia 2020: Enhancing Transaction Monitoring

By Editors | 07/10/2020

How is the financial industry using AI/machine learning and data analytics to enhance typically rule-based transaction monitoring systems?

AI Risk & Governance

BIS Innovation Hub Announces G20 TechSprint Winners

By Editors | 07/10/2020

FNA won the dynamic information-sharing category; Tookitaki won in the monitoring and surveillance category; ISDA and REGnosys won the regulatory reporting category.

Clearing & Post-Trade

ISDA, Digital Asset Launch CDM Clearing Pilot Using DAML

By Editors | 06/10/2020

Deploying the Common Domain Model for clearing using DAML will increase standardisation and operational efficiency across the entire clearing lifecycle.

Trade Based Money Laundering

Singapore Banks to Develop Trade Finance Registry to Combat Fraud

By Manesh Samtani | 06/10/2020

DBS and StanChart are leading a project to develop a central registry which will prevent borrowers from using the same collateral to secure loans with multiple banks.

Cloud & Infrastructure

RegTech Asia 2020: RegTech Lessons from Digital Banks

By Editors | 06/10/2020

What were some of the challenges of rolling out virtual banks in Hong Kong, and what were the biggest factors in technology and regulatory compliance considerations?

Payments & Settlements

SWIFT, Singapore IMDA Join Forces to Digitalise Trade Documents

By Editors | 06/10/2020

The collaboration will pave the way for the seamless exchange of electronic trade documents around the world, shorter trade processing times, and opportunities for innovation.

Market Data & Technology

JPX Forms Committee to Investigate TSE System Failure

By Editors | 06/10/2020

The TSE said a failure occurred in a memory module of an Arrowhead shared disk device, where operations did not switch over to a secondary device due to a device setting.

Structural Regulation

Fusion Bank Kicks Off Virtual Banking Soft Launch

By Manesh Samtani | 05/10/2020

Under the HKMA’s sandbox, Fusion Bank will provide savings and time deposits, local fund transfers, payments, and become the first virtual bank to offer FX services.

Cloud & Infrastructure

Sri Lanka: CBSL to Introduce Fintech Regulatory Framework

By Duruthu E Chandrasekera | 05/10/2020

The central bank set up a fintech sandbox in February but no companies have applied to participate so far, officials told Regulation Asia.