The Monetary Authority of Singapore
This Week: SmartStream, DTCC, Ion, State Street, and more
A summary of some of the past week’s financial technology news.
Regulators must find a balance with artificial intelligence
There's rapid digital transformation underway in the industry and regulators must get with the game plan while not over-regulating the use of AI.
Former Standard Chartered CDO details AI in capital markets and regulators’ approach
Waters Wavelength Podcast Interview Series: Shameek Kundu, now head of financial services and chief strategy officer at AI startup firm Truera, talks AI, the state of the art of infrastructure, and how regulators are keeping a keen eye on the space.
Banking Experts: Tech Isn't the Whole Solution to Financial Crime
The industry and researchers are challenging the touting of privacy-enhancing technologies as a cure-all for KYC/AML failures, and advocating systemic reform.
This Week: Bloomberg, Interactive Brokers, Virtu, Northern Trust, SimCorp & More
A summary of some of the past week’s financial technology news.
The AI Ethics Dilemma: Banks Find a Fine Line Between New Tech and 'What's Right'
Finance firms and regulators are beginning to assess the ethical implications of artificial intelligence.
The Gentle Touch
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.
Singapore Industry Group Highlights Data Analytics Use Case for AML/CFT
The working group has presented several new methods deploying data analytics specifically to combat money-laundering and terrorism financing activities.
Data-Driven Regulators: Handling the Uptick in Regulatory Reporting
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?
Solid Data Lineage: The Foundation for Automation
As they deploy automation to solve regulatory problems, Asian firms are paying closer attention to data’s journey.
Japanese Securities Firms Consider Taxonomy
The data taxonomy model could ease regulatory compliance pain for securities firms in Japan.
AxiomSL Launches Material Nonpublic Information Cloud Solution
AxiomSL launched its new cloud solution for material nonpublic information for regulatory and risk reporting to make it easier for clients to access information.
Monetary Authority of Singapore Releases Timeline, Finalized Forms for Revised Reporting Notices
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…
For Central Banks, Digital Currency Risks May Outweigh Benefits
CPMI's report says existing technology is sufficient at present to deliver the benefits of digital currencies, without introducing new risks.
UPDATE: AxiomSL Drives Industry Collaboration On Open Taxonomy for MAS 610
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.
Malaysia and Singapore to Establish Trading Link
The exchanges and central banks of both countries will iron out details in the coming months for it to be operational by year-end.
Roger Worthington to Head AxiomSL’s New Product Ops Team
Worthington has more than two decades’ experience building and managing shared infrastructure.
Ground Zero: Digital Currencies in Asia
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.
FSB: No Systemic Risk from Fintech Now but Counsels Future Vigilance
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.
Credit Agricole Singapore Employs AxiomSL’s Regulatory Data Solution
Investment bank will use the solution to comply with mandates under MAS 610 and MAS 649 required by the Singaporean central bank.
Can Automation Prevent Regulation Consternation?
Digitization and automation are key to meeting the demands of the financial industry's future regulatory burden.
May 2017: Don’t Put All Your ESGs in One Basket
Max summarizes the highlights of the May issue of Inside Data Management.
Getting to Know You-tility: The Emergence of Jurisdictional KYC Utilities
Regionally-governed utilities could help make up for slower-than-expected takeup of global KYC services.
Singapore Central Bank Fines Firms for 1MDB-Related AML Breaches
The fines are part of ongoing efforts to unravel a litany of failures by firms associated with the 1Malaysia Development Bhd fund.