AI, Technology & Data

Payments & Settlements

Philippines to Adopt QR Codes for Payments Nationally

By Editors | 24/10/2019

Once the national QR code standard is established, bank and non-bank payment providers will have 30 days for adoption. Those already offering QR-enabled payments will have until mid-2020.

AI Risk & Governance

Suptech Gains Momentum but Approaches Vary: FSI Paper

By Editors | 23/10/2019

Suptech use cases have mainly clustered around misconduct analysis, reporting and data management, according a new paper from the BIS Financial Stability Institute.

Cybersecurity

SEBI Issues Measures to Protect Securities Market Client Records

By Editors | 18/10/2019

A new cybersecurity framework has been issued for KYC registration agencies. Stockbrokers, depository participants, registrars and transfer agents are asked to submit their quarterly reports by end-November.

Anti-Money Laundering

Technology Offers New Means to Fight Financial Crime: MAS

By Manesh Samtani | 17/10/2019

At the ICA’s 2nd Annual APAC Conference this week, MAS assistant managing director Loo Siew Yee talked about the new techniques being used to improve AML/CFT detection and risk mitigation.

Cloud & Infrastructure

Beyond Data Governance: Developing a Data Culture in Asia’s FIs

By Garima Chitkara | 17/10/2019

To create a truly competitive advantage and achieve their commercial goals, Asia’s financial institutions need to integrate strong data culture into their data governance approaches.

Payments & Settlements

Korea to Pilot Open Banking Platform From 30 Oct

By Editors | 16/10/2019

Banks and fintechs will pilot test the ability of customers to manage multiple bank accounts and withdraw and transfer money from within a single app.

Data Privacy

PBOC Privately Solicits Bank Feedback on Customer Data Protection

By Editors | 16/10/2019

Draft measures on personal financial data protection have reportedly been issued to some banks as part of the PBOC’s consultation process.

Emerging Prudential Risks

FSB Highlights Market Fragmentation Issues in Letter to G20

By Manesh Samtani | 15/10/2019

In a letter to the G20 finance ministers and central bank governors, the FSB says the development of post-crisis reforms is “nearly complete”, but implementation progress remains uneven.

Data Privacy

FSB, IMF Report Progress on G20 Data Gaps Initiative

By Editors | 14/10/2019

The report notes that China is one of the countries that has outstanding issues with removing barriers to full trade reporting and access to trade repository data.