All posts tagged "Technology Risk Management"
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505EnforcementMAS Considers ‘Appropriate Supervisory Actions’ After DBS Outage
MAS considering “appropriate supervisory actions” following two days of digital services disruption at DBS Bank.
November 25, 2021 -
798Contributed ArticleBanking on API Management to Succeed in the Digital World
AdNovum's David Chan discusses the need to safeguard APIs as financial institutions increasingly seek to digitalise their services.
June 17, 2021 -
357FeatureMAS Issues Consultation Response on Credit Reporting Regulations
Licensed credit bureaus will be required to establish a Code of Conduct and comply with requirements on technology risk management and cyber security.
June 1, 2021 -
2.7KContributed ArticleSeven Takeaways from MAS’ Technology Risk Management Guidelines
The amended guidelines represent a firm step towards further strengthening the defences of Singapore’s financial ecosystem, placing the industry in good stead for the post-Covid economic recovery.
January 25, 2021 -
625Market Infrastructure
MAS Raises Expectations on Technology Risk Management
The revised guidelines set out higher expectations for FIs in technology risk management, including for assessments of third-party suppliers.
January 19, 2021 -
1.8KAML / KYCBNM Issues Draft Rules on Merchant Acquiring Services
The exposure draft sets out regulatory requirements for merchant acquiring services to ensure proper risk management amid rapid changes in the e-payments landscape.
July 23, 2020 -
1.9KAML / KYC
MAS Seeks Expanded Powers to Address Financial Sector Risks
MAS proposes to expand its powers to issue prohibition orders, regulate virtual asset service providers, and impose technology risk management requirements on firms.
July 22, 2020 -
2.2KAML / KYC
BNM e-KYC Policy for Customer Onboarding Takes Effect
Financial institutions have the freedom to decide on any combination of methods to identify and verify customers through e-KYC, but prior BNM approval is required.
July 1, 2020 -
1.3KFeatureSFA Launches Self-assessment Framework, Toolkit for FinTechs
The framework and toolkit allow FinTechs to benchmark themselves against minimum standards on outsourcing, technology risk, and cyber hygiene, helping to fast-track onboarding with FIs.
June 11, 2020 -
1.7KFeatureMAS Unveils Support Package to Bolster Financial Sector Capabilities
The package includes training allowances, IBF course subsidies, salary support, digital acceleration grants, and free access to API Exchange.
April 9, 2020
