All posts tagged "legacy systems"
-
584AML / KYCJapan Banks to Deploy Shared System for AML/CFT Monitoring
The FSA's Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.
July 23, 2021 -
429FeatureHKMA Issues Practice Guide on Cloud-based Regtech Solutions
Guidance is provided on the use of APIs to address barriers to adoption created by legacy systems that are inflexible to change.
June 21, 2021 -
2.8KAsia-PacificAddressing Credit Risk Uncertainty Through Collateral & Data
Panellists at a recent Regulation Asia webinar highlighted the importance of sound collateral management and data practices to manage loan loss uncertainty in the year ahead.
December 8, 2020 -
2.2KCapital RegulationGlobal Lockdowns Could Accelerate BCBS 239 Compliance
BCBS 239 implementation progress has veered off course at some banks as a result of the Covid-19 crisis, prompting a need for reassessment, says John Berven at Solidatus.
August 17, 2020 -
2.8KFeatureHK Banks See Fintech More As Opportunity Than Threat – Study
Over the next ten years, banks expect to continue to play a key role in fintech innovation and adoption, and are confident they will not be displaced by new competitors.
May 21, 2020 -
1.0KCapital Regulation
Legacy Systems, Poor Data Quality Hindering BCBS 239 Adoption
Some banks have changed their BCBS 239 implementation strategies to comprehensively improve data quality, but this will take considerable time to resolve.
April 29, 2020 -
2.1KAsia-PacificBanks Need to Be More Agile to Remain Competitive
Banks have not invested sufficiently in modernising their core internal systems due to a stronger focus on customer-facing applications, says Synpulse partner Salomon Wettstein.
May 10, 2019 -
704FeatureData 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
