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AI Risk & Governance
HKMA Emphasises Consumer Protection in Big Data Analytics, AI Use
By Editors | 06/11/2019
New HKMA guidance for banks using big data analytics and AI applications focuses on four major areas: governance and accountability; fairness; transparency and disclosure; and data privacy and protection.
Trading & Investment
Bursa Malaysia Completes SBL Proof-of-Concept Using Blockchain
By Editors | 06/11/2019
The POC was a test of a private-permissioned blockchain-driven solution for securities borrowing and lending that can enhance market discovery, efficiencies and transparency.
KYC & CDD
OCBC Enables Instant Bank Account Opening for Startups
By Editors | 05/11/2019
OCBC Enables Instant Bank Account Opening for Startups
Cloud & Infrastructure
China Adopts Certification System for Fintech Products
By Editors | 04/11/2019
For certification, fintech products will be subject to testing and inspection for safety, quality assurance and product consistency.
Payments & Settlements
Hong Kong Enables Govt Bill Payment Via FPS QR Code
By Editors | 04/11/2019
Bills related to tax, government rates and rent, and water will be issued with FPS QR codes moving forward.
AI Risk & Governance
PBOC Unveils 40 Measures to Develop Shanghai Fintech Sector
By Editors | 04/11/2019
Among the key measures announced by PBOC Shanghai is the possible introduction of a regulatory sandbox, drawing on international practice.
AI Risk & Governance
HKMA Offers High-level Guidance for Banks on AI Use
By Editors | 02/11/2019
The high-level principles cover governance, application design and development, and ongoing monitoring and maintenance of banks’ AI applications.
Cloud & Infrastructure
SFC Issues Guidance on Outsourcing of Data Storage
By Editors | 01/11/2019
Licensed corporations must ensure cyber and operational risks are properly mitigated and that the SFC’s access to regulatory records is not restricted or otherwise undermined.
KYC & CDD
FATF Issues Draft Guidance on Digital Identity Systems
By Manesh Samtani | 31/10/2019
The draft guidance analyses the use, reliability and independence of digital ID systems, and looks at how they can meet FATF requirements around customer due diligence.
Cybersecurity
Singapore Brokers Experience DDoS-related Disruption
By Editors | 31/10/2019
MAS said a small number of stock brokers encountered DDoS attacks last week, but only “limited disruption” resulted due to their mitigation services being activated.
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