All posts tagged "reconciliation"
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1.2KEuropeItalian Banks Adopt Blockchain to Reconcile Interbank Transactions
55 banks are using a blockchain platform to share interbank transfer data and reconcile transactions, an initiative made possible by a rule change last May.
July 31, 2020 -
583FeatureHKMA Proposes New Code of Practice for Banks’ Trust Companies
The HKMA is looking to address a lack of conduct requirements for trust businesses used by banks and their subsidiaries for wealth management purposes.
July 13, 2020 -
947AML / KYCWestpac Concludes Internal Probe into AML/CTF Failures
Westpac said its IFTI non-reporting was due to a mix of technology and human errors dating back to 2009. Governance failures and unclear compliance accountabilities were also identified.
June 5, 2020 -
538Asia-PacificVideo: Addressing Data Quality Challenges in Regulatory Reporting
Regulation Asia sat down with Ian Rennie, Managing Director at Kaizen Reporting, to understand how testing reduces costs, improves quality and increases confidence in regulatory reporting.
January 20, 2020 -
511Fintech / RegtechIndia’s NPCI Unveils DLT Based Platform to Further Streamline Payments
The Vajra Platform will enhance data security and transparency, facilitate real-time transactions and reduce reconciliation challenges and processing errors, the NPCI said.
January 7, 2020 -
3.3KAsia-PacificVideo: AI & Machine Learning in Asia: A SmartStream Perspective
Regulation Asia spoke to Andreas Burner at SmartStream Technologies to understand the different approaches to adopting AI/ML tools, and how centralising data is key to generating analytics and predictions.
December 11, 2019 -
1.4KContributed ArticleRegulatory Reporting: An Approach for Smaller Banks
Banks are starting to gain real business value from investments into better data governance and architecture, say Irene Liu, David Yakowitz and Catherine Lee at PwC.
September 25, 2019 -
1.5KAsia-PacificVideo: Trade Reporting in Asia: A Perspective from DTCC – Part 1
Regulation Asia sat down with DTCC's Oliver Williams to discuss how trade reporting has changed, and what firms in Asia should be doing to stay compliant.
August 7, 2019 -
776Asia-PacificBOT Concludes Project Inthanon’s Second Phase
Phase 2 used smart contracts to automate bond lifecycle events, and introduced pre-validation to reduce error and fraud in funds transfers. Phase 3 will be a joint effort with the HKMA.
July 22, 2019 -
1.6KBig PictureTalking Disintermediation by DLT with DTCC’s Rob Palatnick
Regulation Asia sat down with DTCC's Rob Palatnick to discuss his views on how far DLT will go in disintermediating the financial industry.
April 4, 2019
