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Cloud & Infrastructure
The Time for Cloud in Financial Services
By Krishan Chauhan | 29/08/2018
Digital transformation of financial services is well underway, driving the demand for new and innovative solutions such as blockchain and artificial intelligence. These technologies require an ever-increasing set of computational power, storage, and analysis that can be seamlessly provisioned by the cloud.
AI Risk & Governance
Nikko Set to Enter New Zealand’s Robo Advice Market
By Manesh Samtani | 29/08/2018
New Zealand’s FMA has granted an exemption allowing Nikko to enter the robo-advice market; new digital platform to be launched later this year.
Cybersecurity
Samsung SDS Announces Blockchain-based ID Verification Platform
By Manesh Samtani | 29/08/2018
Developed in collaboration with the Korea Federation of Banks, BankSign allows customers to use multiple banks’ mobile apps, once a co-verification certificate is obtained from a single bank.
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.
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