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Cloud & Infrastructure
Banks Need to Be More Agile to Remain Competitive
By Salomon Wettstein | 10/05/2019
Banks have not invested sufficiently in modernising their core internal systems due to a stronger focus on customer-facing applications, says Synpulse partner Salomon Wettstein.
Structural Regulation
HKMA Grants Four More Virtual Bank Licences
By Manesh Samtani | 09/05/2019
Ant Financial, Tencent, ICBC Asia, HKEX, Xiaomi and Ping An are among the backers of the four licence recipients, bringing the total number of virtual banks in Hong Kong to eight.
AI Risk & Governance
Japan FSA Seeks AI Expertise to Examine Securities Reports
By Editors | 09/05/2019
The FSA is looking to conduct an experiment to explore the use of AI to read and analyse the data in annual securities reports published by listed companies.
Cybersecurity
Open Banking Security Risks May Open Pandora’s Box
By Peter Lancos | 09/05/2019
The open banking initiative could be put in jeopardy if data is not sufficiently secured, say Peter Lancos, Jonathan Naismith and Suraj Nittoor at Exate Technology.
Structural Regulation
MAS Considers the Value of Allowing Virtual Banks in Singapore
By Editors | 08/05/2019
The regulator says it is engaging relevant stakeholders to ascertain the unique value that such virtual bank entrants could bring to Singapore’s banking landscape.
Conduct, Culture & Accountability
Australia: Banking Misconduct Drives Search for RegTech Remedies
By Jeffrey Kupfer | 08/05/2019
Australia may emerge as a world-leader in RegTech adoption as a remedy to banking culture and misconduct issues, say Jeff Kupfer and Stephen Scott at Starling Trust.
Trading & Investment
Malaysia to Use Blockchain in Securities Borrowing and Lending
By Editors | 07/05/2019
Working with bank stakeholders, Bursa Malaysia is developing Southeast Asia’s first blockchain proof-of-concept for securities borrowing and lending.
Trading & Investment
SGX Central Depository Moves to Digital Account Opening
By Editors | 07/05/2019
CDP account opening can now be done online without paper documents, allowing for greater convenience, security and “a better experience” for retail investors.
Cloud & Infrastructure
Technology Driven Changes Afoot in the Australian Banking Sector
By Garima Chitkara | 07/05/2019
Open banking, digital banking, cloud-based infrastructure and RegTech are the key drivers of technology-led change in the Australian banking sector, according to S&P Global Ratings.
Data Privacy
HKMA Urges ‘Data Ethics’ in FinTech Development
By Manesh Samtani | 06/05/2019
The HKMA encourages authorised institutions to adopt the PCPD’s Ethical Accountability Framework in the development of fintech products and services.
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