All posts tagged "cloud services"
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793FeatureSFC Issues Guidance on Outsourcing of Data Storage
Licensed corporations must ensure cyber and operational risks are properly mitigated and that the SFC’s access to regulatory records is not restricted or otherwise undermined.
November 1, 2019 -
320Big PictureEffective Governance, Regulation Can Mitigate Cyber Risk: Moody’s
Regulators can help to mitigate the cyber threat by promoting contingency planning in banking and enabling information sharing among banks and regulators.
October 25, 2019 -
397Big PictureFSB Highlights Market Fragmentation Issues in Letter to G20
In a letter to the G20 finance ministers and central bank governors, the FSB says the development of post-crisis reforms is “nearly complete”, but implementation progress remains uneven.
October 15, 2019 -
881Big PictureHalf of IT Budgets to Go to Cloud Services in 2020: Refinitiv
Financial firms say public cloud projects are delivering better-than-expected cost reductions and enabling innovation, but data privacy and regulatory concerns are slowing adoption.
September 10, 2019 -
516FeatureABS Updates Guidance on Cloud Outsourcing Arrangements
The updated guide offers best practices to ensure resiliency and recoverability while maximising the benefits FIs derive from cloud outsourcing arrangements, including for 'critical systems'.
August 5, 2019 -
603Fintech / RegtechCCP12 Publishes Best Practices to Address Outsourcing Risk
As CCPs move to more complex supply chain models, proper oversight mechanisms and controls need to be in place to manage the risks introduced by third-parties.
July 26, 2019 -
721InternationalData Localisation Policies Impair Provision of Financial Services – GFMA
The GFMA urges policymakers to develop alternatives to data localisation policies that ensure data protection while still supporting the financial services sector and the end-users it serves.
March 25, 2019 -
752Asia-PacificBNM Issues Policy Document Targeting Outsourcing Risk at FIs
Malaysia's central bank has raised expectations on the board and senior management to ensure effective oversight and governance of outsourcing arrangements.
December 31, 2018 -
657Fintech / RegtechMAS Cyber Security Panel Highlights Risks from Emerging Tech
Cybersecurity experts on the panel discussed the growing adoption by financial institutions of new technologies such as cloud services and open APIs.
October 3, 2018 -
1.4KFeatured ArticlesBanking on the Cloud is Vital – Report
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.
August 29, 2018
