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Conduct, Culture & Accountability
ASIC Event Features Regtech Use for Monitoring Financial Promotions
By Manesh Samtani | 06/08/2019
ASIC’s ‘Regtech Monitoring Financial Promotions’ symposium was the first in what will be a series of sessions aimed at working with the industry to solve compliance challenges with technology.
Cybersecurity
Japan: Security Failures Force New Payments Service to Shut
By Editors | 06/08/2019
The security breach saw more than 38mn yen stolen from more than 800 accounts in the days after the July launch of a new mobile payment service for convenience stores.
Cloud & Infrastructure
ABS Updates Guidance on Cloud Outsourcing Arrangements
By Manesh Samtani | 05/08/2019
The updated guide offers best practices to ensure resiliency and recoverability while maximising the benefits FIs derive from cloud outsourcing arrangements, including for ‘critical systems’.
Structural Regulation
Singapore: Two-Thirds of Consumers Willing to Try Digital Banks
By Editors | 03/08/2019
A JD Power survey has found that 65% of Singapore customers are interested in opening digital bank accounts. The survey ranked HSBC first, OCBC second and DBS third in customer satisfaction.
Data Privacy
Australia Passes Consumer Data Right Legislation
By Manesh Samtani | 02/08/2019
The passage of the Consumer Data Right legislation clears the way for open banking to start in Australia in February 2020.
Market Data & Technology
TSE Seeks ‘Data Sandbox’ Partners to Support Innovation
By Editors | 02/08/2019
The Tokyo Stock Exchange is looking to startups, data providers and so-called ‘innovation partners’ to help create new services for the securities sector.
Market Abuse
Thailand SEC to Incorporate AI in Price Manipulation Probes
By Editors | 02/08/2019
Existing investigation and fact-finding procedures currently take 1.5 years before civil sanctions or penalties are imposed.
Cloud & Infrastructure
HKMA Reports on Open API Implementation Progress
By Editors | 01/08/2019
Phase I Open APIs provide information on banking products and services. Phase II will allow banks to process applications for such products and services by end-October.
Data Privacy
NAB Notifies 13,000 Customers of Data Breach
By Editors | 29/07/2019
Australia’s fourth largest bank says the personal data uploaded to servers without authorisation was not copied or further disclosed, and has since been deleted.
Data Privacy
India Enables Consent-Based Financial Data Sharing
By Manesh Samtani | 26/07/2019
Four years of collaboration between India’s major financial regulators has resulted in a new platform that enables financial services providers to share data with other institutions based explicitly on user consent.
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