The industry and researchers are challenging the touting of privacy-enhancing technologies as a cure-all for KYC/AML failures, and advocating systemic reform.
A summary of some of the past week’s financial technology news.
Finance firms and regulators are beginning to assess the ethical implications of artificial intelligence.
Financial firms often look to Asia for expansion because of the compelling size of the region’s markets. Wei-Shen details how it could prove harder than it seems.
The working group has presented several new methods deploying data analytics specifically to combat money-laundering and terrorism financing activities.
With the abundance of existing and new reporting obligations to comply with, how can regulators hope to be able to handle the volumes of data they now receive?
As they deploy automation to solve regulatory problems, Asian firms are paying closer attention to data’s journey.
The data taxonomy model could ease regulatory compliance pain for securities firms in Japan.
AxiomSL launched its new cloud solution for material nonpublic information for regulatory and risk reporting to make it easier for clients to access information.
Financial institutions in Singapore have 24 months to be fully compliant with the Monetary Authority of Singapore’s revised notices 610 and 1003 for collecting trade data—though details of some asset classes will be released later, as the industry…
CPMI's report says existing technology is sufficient at present to deliver the benefits of digital currencies, without introducing new risks.
AxiomSL has convened an industry group to help devise a taxonomy that will simplify compliance reporting for the revised Monetary Authority of Singapore 601 update.
The exchanges and central banks of both countries will iron out details in the coming months for it to be operational by year-end.
Worthington has more than two decades’ experience building and managing shared infrastructure.
As cryptocurrencies gain interest from investors around the globe, Wei-Shen Wong examines the splintered Asian marketplace to see how regulators are adopting different strategies when it comes to overseeing these complex instruments.
International regulators say it's too soon for fintech such as blockchain or robo-advisors to pose a threat to financial stability, but warns that caution is still necessary.
Investment bank will use the solution to comply with mandates under MAS 610 and MAS 649 required by the Singaporean central bank.
Digitization and automation are key to meeting the demands of the financial industry's future regulatory burden.
Max summarizes the highlights of the May issue of Inside Data Management.
Regionally-governed utilities could help make up for slower-than-expected takeup of global KYC services.
The fines are part of ongoing efforts to unravel a litany of failures by firms associated with the 1Malaysia Development Bhd fund.
Together with the Association of Banks in Singapore, the Monetary Authority of Singapore has published the ‘Finance-as-a-Service API Playbook’ containing guidelines for application programming interfaces.
R3 and eight financial institutions will conduct a pilot program for interbank payments and cross-border foreign currency transactions.
The pricing change for ASIC and MAS transactions is effective Oct. 1.