International

Enforcement

RegTech Asia 2020: Sanctions & PEPs Screening

By Editors | 13/10/2020

What role do data and technology play in protecting financial institutions from exposure to the risks associated with sanctions and PEPs?

AML / KYC

FSB Publishes Roadmap on Enhancing Cross-Border Payments

By Editors | 13/10/2020

The roadmap seeks to address key challenges faced in cross-border payments including high costs, low speed, limited access and insufficient transparency.

Capital / Liquidity

APRA to Align Prudential Standards with IAIS ComFrame

By Editors | 13/10/2020

APRA has designated QBE Insurance Group as an internationally active insurance group, which will promote coordination with other international supervisors.

Fintech / Regtech

FSB Calls on Authorities to Regulate BigTech in Financial Services

By Editors | 12/10/2020

Where financial services activities are undertaken by new types of actors, such as BigTech firms, the principle of ‘same risk-same regulation’ should apply, the report says.

AML / KYC

RegTech Asia 2020: The Evolution of Typologies

By Editors | 12/10/2020

How have financial crime typologies been evolving in recent years, and how are they being used by financial institutions to combat crime?

Market Infrastructure

BIS Paper Presents Alternative to Forward-looking Term Rates

By Manesh Samtani | 12/10/2020

Many banks have adopted a “wait and see” approach to the LIBOR phase-out, waiting to forward-looking term rates based on RFR derivatives to become available.

AML / KYC

RegTech Asia 2020: The Future of AML & Fraud Case Management

By Editors | 11/10/2020

How can current practices in AML and fraud case management and investigations be enhanced with technology and data for better, faster outcomes?

Market Infrastructure

SWIFT Completes Another gpi Pilot with UK Faster Payments

By Editors | 11/10/2020

Over the past two years, SWIFT has run successful proof of concepts with payment infrastructures in Singapore, Australia and Europe.

Big Picture

SupTech Increasingly a Strategic Priority for Authorities: FSB

By Editors | 11/10/2020

The majority of authorities surveyed by the FSB had a SupTech, innovation or data strategy in place. SupTech is most commonly used in regulatory reporting and data management.