AI, Technology & Data

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.

Cloud & Infrastructure

FIs Need to Automate to Meet Tax Reporting Obligations – Report

By Editors | 06/05/2019

As tax reporting requirements grow increasingly complex, automation is making compliance cheaper, quicker and more efficient, says a new report from Regulation Asia and BearingPoint.

Cloud & Infrastructure

S. Korea FSC Accepts Nine More Fintech Sandbox Participants

By Editors | 03/05/2019

Nine new fintech firms have been approved to enter the FSC’s regulatory sandbox, bringing the total number of participating firms to 18.

Payments & Settlements

SWIFT Launches Payment Investigation, Resolution Capability

By Editors | 03/05/2019

The new capability will improve transparency, shorten resolution time and reduce manual intervention to resolve issues that arise along the payments chain.