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, 2021Guidance is provided on the use of APIs to address barriers to adoption created by legacy systems that are inflexible to change.
June 21, 2021Panellists 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, 2020BCBS 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, 2020Over 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, 2020Some banks have changed their BCBS 239 implementation strategies to comprehensively improve data quality, but this will take considerable time to resolve.
April 29, 2020Banks 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, 2019Wolters 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