Last year’s financial crime landscape forced many FIs to rapidly adapt to evolving threats. In the year ahead, a continued focus on risk mitigation is prudent.
January 21, 2021Hong Kong, Singapore and Tokyo each have an opportunity to demonstrate global leadership in the regtech sector, according to a panel of experts hosted by the Asia Society's Hong Kong Center.
January 18, 2021Foreign individuals and non-bank corporations are allowed to hold up to 40% of a digital bank's voting shares, while foreign banks are allowed to hold up to 100%.
November 27, 2020Subject to market support and readiness, HKEX intends to launch a new platform called FINI in 2022 that will cut the IPO settlement process from T+5 to T+1.
November 17, 2020Phase 2 will enable digital payments and smart wallets for CDS account holders, among a host of other features that will be made available electronically.
November 16, 2020The collaboration will pave the way for the seamless exchange of electronic trade documents around the world, shorter trade processing times, and opportunities for innovation.
October 6, 2020The HKMA intends to increase its engagement and data collection, make better use of data, and utilise suptech tools to enhance its AML/CFT supervision.
September 30, 2020The CSE and Central Depository System can digitally verify national ID card details against information held by the Department for Registration of Persons.
September 23, 2020The New Order of Payment System, or NOPS, is a secure web-based system that offering various channels through which payments can be made to the BSP.
September 15, 2020The pandemic has been an agent for accelerated change in operational and frontline functions. Financial crime compliance teams need to get in on the act.
September 14, 2020