All posts tagged "Data Analytics"
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485AML / KYCOCBC to Speed Up Police Investigations with Automated Data Retrieval
OCBC Bank and the Singapore Police Force are collaborating on a new project to reduce the amount of time it takes for investigators to access banking information to just 1-2 days.
July 12, 2019 -
604AML / KYCArtificial Intelligence Holds “Immense Potential” for Risk Management – MAS
MAS is using artificial intelligence tools for risk detection and market surveillance, while also working to strengthen protections against cyber risk, data breaches and AI-based discrimination.
May 16, 2019 -
1.4KAustralia & NZTechnology Driven Changes Afoot in the Australian Banking Sector
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.
May 7, 2019 -
860FeatureTechnology to ‘Transform’ a Third of Singapore Finance Jobs – Study
The main effect of technology will be to "transform" jobs in the financial industry, rather than create or destroy them, says an EY study commissioned by MAS and IBF.
April 24, 2019 -
502ChinaChina Delays Data-Onshoring Rules Until After US Trade Talks
China’s Cyber Security Law requires firms to keep personal and ‘important data’ onshore, but uncertainties around the rules and implementation timeline remain.
April 23, 2019 -
2.3KAML / KYCMAS Renews Call for Use of Data Analytics in AML/CFT Programmes
MAS has renewed calls for financial institutions to further develop their data analytics capabilities in the interest of improving the effectiveness of their AML/CFT programmes.
April 9, 2019 -
817AML / KYC
MAS Details Enforcement Outcomes, Priorities in Inaugural Report
The inaugural enforcement report reveals that MAS issued S$16.8mn in financial penalties and S$698,000 in civil penalties over 18 months.
March 21, 2019 -
675Fintech / Regtech
MAS Centralises Technology Functions to Drive Digital Transformation
The MAS' new Technology Group will centralise its technology capabilities and strengthen supervision of technology risks in the financial sector.
March 7, 2019 -
603Australia & NZASIC Issues Update on Implementation of Hayne Recommendations
ASIC is considering over 40 enforcement cases, a number of which involve misconduct by large financial institutions, their employees or subsidiary companies.
February 20, 2019 -
693Securities & Trading
MAS Discusses Supervisory Toolkit for Fund Managers – Speech
MAS places emphasis on conduct and individual accountability in its supervisory approach, using data analytics to help identify unusual trends and flag outliers among fund managers.
February 19, 2019
