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Cloud & Infrastructure
Banking on the Cloud is Vital – Report
By Manesh Samtani | 29/08/2018
In a new report, Quinlan & Associates suggests successful adoption and effective utilisation of cloud technology can help banks achieve a 1-2 percent revenue boost and a 2 percent reduction in overall costs.
Structural Regulation
CSRC Outlines Rules for Foreign-Invested Futures Firms
By Garima Chitkara | 28/08/2018
Securities regulator set out requirements for firm shareholders, senior management and application documents. Foreign-funded futures firms must hold all core consumer data and transaction data servers on the mainland.
Anti-Money Laundering
Thomson Reuters, Singapore FinTech Association Join Forces on Financial Crime
By Editors | 24/08/2018
The collaboration joins the Singapore FinTech Association network with Thomson Reuters Labs technical expertise to solve issues around financial crime.
Anti-Money Laundering
Singapore’s UOB Integrates Machine Learning in AML Systems
By Manesh Samtani | 24/08/2018
Collaboration with regtech firm Tookitaki has enabled deeper and broader analyses of data sets which can be applied to all processes within AML framework.
Credit Risk
RBI Restates Case For Public Credit Registry
By Garima Chitkara | 24/08/2018
RBI deputy governor says that a public credit registry, with inputs from the corporate registration and GST database, will help increase access to credit in India.
Fraud, Scams & Cybercrime
AusPayNet Consults on Online Fraud Mitigation Framework
By Editors | 23/08/2018
‘Card-not-present’ fraud accounts for 85% of all card fraud, as criminal activity migrates to online channels following the success in chip technology in preventing in-person fraud.
Data Privacy
China Sees Largest Ever Theft of User Data
By Editors | 23/08/2018
Shenzhen-listed Ruizhi Huasheng Technology, a third party developer for state-run mobile carriers, stole up to 3 billion pieces of user data from 96 companies including Alibaba, Tencent and Baidu.
Data Privacy
India Tops Global Data Breach List For 2018 – Report
By Garima Chitkara | 22/08/2018
India, Vietnam and Australia were among the top five jurisdictions globally in terms of records exposed.
Cloud & Infrastructure
Cambodia Launches Fintech Association
By Editors | 21/08/2018
New body will connect Cambodia with overseas fintech associations and has already signed agreements with associations in Thailand, Singapore and Taiwan.
Data Privacy
Cross Border Data Transfers – An Old Problem, With or Without GDPR
By Peter Lancos | 21/08/2018
The challenges GDPR introduces around Cross Border Data Transfers are not necessarily new problems. They do however make an existing problem just a bit more complicated.
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