All posts tagged "Onboarding"
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1.5KAML / KYCFinancial Institutions Must Adapt and Innovate or Be Left Behind
Outdated systems are preventing one in four Asia Pacific banks from investing in disruptive technologies, says Greg Watson, citing a recent Fenergo survey.
September 13, 2019 -
520AML / KYCHKMA Issues Clarification on Non-Face-to-Face Onboarding
In line with SFC requirements, the HKMA says banks need not re-verify a client’s identity when opening an investment account if they’ve already done so for bank account opening.
August 24, 2019 -
686FeatureBursa Malaysia Revamps Rules for Derivatives Market Participants
The updated rules allow non-face-to-face onboarding, remove voice logging for client orders, and introduce higher governance standards, among others.
August 15, 2019 -
489Big PictureGlobal Crypto Trading Should be Guided by IOSCO Principles: WFE
"Innovation which has the potential to present systemic risk or is allowed to operate in an unchecked or unregulated manner is detrimental to financial markets and investor interests."
August 3, 2019 -
2.8KAML / KYCThe Rise of Digital Banks in Asia Raises Compliance Questions
The entrance of FinTech and BigTech firms into banking is forcing incumbents to adapt, but it should not come at a cost to compliance obligations, writes Claus Christensen at Know Your Customer Ltd.
July 16, 2019 -
712AML / KYCSFC Enables Technology Approach for Overseas Client Onboarding
From 5 July, intermediaries can access embedded data in client identity documents for onboarding. Captured biometric data such as a facial image can be used for identity verification.
July 1, 2019 -
1.2KAML / KYC
HKMA Sets Out AML/CFT Best Practices for SME Onboarding
A thematic review has concluded that authorised institutions have in general applied the risk-based approach to AML/CFT measures, but there is room for improvement.
June 17, 2019 -
1.3KAML / KYCFinancial Crime on the Rise in APAC
Almost three-quarters of Asia Pacific organisations have been victims of financial crime in the past year, according to recently published survey results by Refinitiv.
May 31, 2019 -
691Fintech / RegtechIOSCO: Key Considerations for Regulating Crypto Trading Platforms
The key considerations represent specific areas that IOSCO believes jurisdictions could consider in the context of the regulation of crypto-asset trading platforms.
May 29, 2019 -
1.3KAML / KYCHong Kong, China Framework Comparison – KYC Standards
Given the similarities between Hong Kong and China's KYC frameworks, cross-border onboarding and account opening has become less of a challenge, say Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai.
May 23, 2019
