AI, Technology & Data

Structural Regulation

CCB (Asia) Selects Wolters Kluwer to Help Address Regulatory Reporting Requirements

By Editors | 05/05/2015

China Construction Bank (Asia) has announced they will be implementing Wolter Kluwers, OneSumX Regulatory Reporting solution.

Cybersecurity

Trade Groups Urge Beijing to Halt Bank Technology Rules

By Editors | 14/04/2015

Trade groups from the US, Europe and Japan urged China to suspend guidelines that may shut out foreign technology suppliers in the country’s banking industry.

Structural Regulation

S. Korea’s Internet-Only Banks to Launch This Year

By Editors | 09/04/2015

South Korea’s financial regulator believes the country will see the launch of its first Internet-only bank this year, as measures are being hammered out with major IT firms like Naver Corp. and Daum Kakao Corp. to encourage them to invest in the online banking industry.

Cloud & Infrastructure

China Puts Bank Technology Rules On Hold

By Editors | 02/04/2015

China has agreed to delay the implementation of rules that require banks to purchase “safe and controllable” technology products, effectively excluding some foreign technology firms in the market.

Cloud & Infrastructure

China Bank IT Rules Raise Concern from EU, US Groups

By Editors | 16/03/2015

The Chinese government policy that requires commercial banks to obtain “secure and controllable” information technology equipment potentially puts Beijing in a tough position with major trading partners, the Financial Times reported.

Cloud & Infrastructure

Australian Banks, Tech Firms to Launch Sydney Fintech Hub

By Editors | 03/03/2015

Australian banks and tech companies are providing $2 million in funding to launch the country’s first fintech innovation hub in Sydney this May.

Data Privacy

China, US Officials Discuss Banking Security Rules

By Editors | 13/02/2015

China’s proposed banking security rules requiring foreign technology firms to turnover source codes and submit to audits were among items discussed in a recent high-level talks between Beijing and the U.S.

Structural Regulation

Singapore, UK Open Dialogue on Offshore RMB, Islamic Finance

By Editors | 02/02/2015

Singapore has opened discussions with the United Kingdom on deepening cooperation on financial regulatory reforms and market developments on offshore renminbi (RMB), infrastructure funding, Islamic finance, insurance, and asset management.

Structural Regulation

S. Korea Plans to Allow Investment in Internet-only Banks

By Editors | 28/01/2015

South Korea plans to revise local banking laws that will allow Internet-only banks to operate in the country.