The five banks will collaborate with CanDeal Group to create a common data and regulatory experience for the industry.
July 1, 2022SWIFT offers a secure platform that streamlines the collection of predefined KYC information, and a service to test FIs' sanctions screening systems for effectiveness.
December 16, 2020The three shortlisted firms, including one from Sweden, will begin work on a proof-of-concept, which is expected to be completed in six to nine months.
July 7, 2020A KYC utility will reportedly be introduced next year as a joint project between Pacific Island countries - Samoa, Tonga, Vanuatu, Fiji, Solomon Islands and PNG.
June 16, 2020This list presents the most-read new stories published by Regulation Asia in 2019, based on aggregated user traffic analytics.
December 20, 2019The CBSL is inviting software development companies to apply (by 31 December) to help in the development of a proof-of-concept of a shared KYC facility.
December 6, 2019The KYC Utility project was shelved last year after the setup costs were deemed to be too high. This time, the MAS will look at “less costly” technology architecture.
November 15, 2019It's time to have a conversation about implementing real AML information sharing across organisations, sectors and jurisdictions, writes Claus Christensen at Know Your Customer Ltd.
May 16, 2019The Association of Banks in Singapore has published a report detailing the core design decisions, achievements, challenges and lessons from the recently-shelved KYC utility project.
November 22, 2018SWIFT has been awarded the Best KYC Utility in the inaugural Regulation Asia Awards for Excellence 2018.
November 16, 2018