All posts tagged "Data"
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626Fintech / RegtechS. Korea to Ease Rules on Cloud Storage of Customer Data
FSC is expanding the types of information financial companies can store on cloud computing systems to include personal credit and identification information.
July 16, 2018 -
565IndiaIndia Proposes to Relax Payments Data Onshoring Rules
New proposal would allow international payments firms to store data offshore while only maintaining a copy in India, following lobbying effort by MasterCard, Visa and American Express.
July 16, 2018 -
997Market InfrastructureAxiomSL Announces Completion of Open Taxonomy to Streamline MAS 610 Compliance
Industry initiative has condensed over 300,000 data points required by MAS 610 into 1,000 reuseable business concepts, simplifying and streamlining compliance with the reporting mandate.
July 9, 2018 -
1.8KContributed ArticleVirtualisation in Banking Sector: A Major Step Forward for Hong Kong
Hong Kong may have been slow to the game in finalising its framework for virtual banks, but digitisation in the city is now on the move. This is good news and critics should recognise this as a major step forward...
June 27, 2018 -
1.0KFintech / RegtechMAS 610 a Top Concern for Singapore Banks in 2019 – Report
High granularity data for new reporting regime requires reporting of approx. 300,000 data elements, the top concern for Singapore banks next year, according to Wolters Kluwer survey.
June 15, 2018 -
771FeatureData Driven Regulatory Regimes Challenge Bank Workflows – Report
Wolters Kluwer research says legacy systems no longer fit for purpose; most firms plan to integrate data in regulatory workflows despite low confidence in data quality.
June 12, 2018 -
1.4KContributed Article
Regulators to the Rescue: MAS and the Drive to Ease the Data Reporting Burden
MAS has unveiled its roadmap for the transformation of the collection of data from financial institutions. And while there may be clear benefits, providing all data in machine readable format by MAS’ planned deadline will be challenging.
May 30, 2018 -
622ChinaPBOC Launches Financial Statistics Inspections at Banks, NBFIs
Six-month central bank inspections to focus on quality of financial information as part of plan to unify statistical management operational mechanisms.
May 30, 2018 -
592Market InfrastructureMAS Issues Revised Data Submission Rules for FIs
Revised requirements including increased granularity and rationalisation of data in submissions; set to take effect on 1 October 2020.
May 23, 2018 -
1.4KContributed ArticleGDPR – Frankenstein’s Monster of Regulation
Given the 25 May go-live date, financial institutions in Asia need to immediately consider their obligations under GDPR, which will apply to any firm with clients or employees who are EU citizens.
May 22, 2018
