Singapore banking sector players are tasked with finding a balance between open innovation and regulatory compliance, says Finastra's Wissam Khoury.
October 11, 2019The new standard will re-use ISO 20022 components to ensure interoperability with Hong Kong's clearing and settlement systems, facilitating the next phases of open banking in the city.
October 4, 2019S&P Global Ratings says Hong Kong’s approach to open banking makes it hard for third-party service providers to participate, limiting the potential of the new digital ecosystem.
October 3, 2019The ten companies will work with Australia’s big four banks to test the data-sharing ecosystem through open banking APIs in the lead up to open banking’s official launch in February.
October 2, 2019FSC chairman Eun Sung-soo told fintech executives that a 300 billion won fund will be set up to invest in the sector and regulations will be eased to promote fintech development.
September 19, 2019A recent whitepaper commissioned by Deutsche Bank looks at the need for effective regulations for cross-border data sharing and the ethical use of artificial intelligence.
September 17, 2019The committee will inquire into the opportunities of fintech and regtech, and benchmark Australia’s environment for innovation against comparable global regimes.
September 16, 2019The ACCC is seeking participants to help it test the data-sharing ecosystem under the consumer data right, which was passed into law earlier this month.
August 27, 2019The passage of the Consumer Data Right legislation clears the way for open banking to start in Australia in February 2020.
August 2, 2019Four years of collaboration between India's major financial regulators has resulted in a new platform that enables financial services providers to share data with other institutions based explicitly on user consent.
July 26, 2019