Immature use of tech straddles AML operations in Asia
The AML industry in Asia in the past were happy to just meet the regulatory requirements of the leading global markets, such as the U.S. However, in recent times, regulatory compliance for platforms are required across national and local level jurisdictions, where the solution of employing large number of compliance professionals to do the job can no longer suffice. Read more here: https://www.enterpriseinnovation.net/article/immature-use-tech-straddles-aml-operations-asia-17
"Singapore FinTech Journey 2.0"
"Singapore FinTech Journey 2.0" - Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at Singapore FinTech Festival on 14 November 2017 In his keynote, which was the second conference in the opening day of the Singapore Fintech Festival, Mr Ravi Menon, Managing Director in MAS discussed about the digitalising of the world and to further develop Singapore into a smart financial centre. In order to do that, the following has to be achieved and addresse
BLOCKCHAIN FOR AML – HARNESSING BLOCKCHAIN TECHNOLOGY TO DETECT AND PREVENT MONEY LAUNDERING
Our partner Floyd DCosta, Co-Founder of Blockchain Worx, recently published an article painting the possibilities of blockchain and what it can do as an AML solution. "A blockchain-based AML platform makes it possible for regulatory authorities, risk officers, auditors and other relevant stakeholders to monitor complex transactions in an automated and effective manner, as well as immutably record audit trails of suspicious transactions across the system." Read more at: https:
FCA Publishes Regtech Website
The UK Financial Conduct Authority (FCA) published a new page on its website on using technology to enhance regulatory reporting, with respect to model driven machine executable regulatory reporting. Read more at: https://www.lexology.com/library/detail.aspx?g=9b78304f-2ef1-40c5-9770-d3577b5118e9
Regulators want firms to ramp up fintech accountability
Officials at the SEC and FINRA have been talking a lot lately about how they have been ramping up their use of sophisticated technologies to root out questionable conduct among the firms they regulate. Read more at: https://www.financial-planning.com/news/government-regulators-want-financial-firms-to-increase-tech-accountability
Canada's Rapidly Growing FinTech Ecosystem Produces World-leading RegTech Companies
Canada's increasing reputation as a major source of innovation in the RegTech sector has been underlined by the inclusion of several Canadian-based regulatory technology companies on the RegTech 100 list. Read more at: http://markets.businessinsider.com/news/stocks/Canadas-Rapidly-Growing-FinTech-Ecosystem-Produces-World-leading-RegTech-Companies-453346
Cynopsis Solutions is a RegTech 100 Company
We are proud to announce that our close advisor & fellow RegTech enthusiast Chye Kit's firm Cynopsis Solutions has been selected as one of the worldwide RegTech 100 companies! Check out their blog post here: https://www.cynopsis-solutions.com/single-post/2017/11/01/Cynopsis-Selected-As-RegTech-100-Company
{"items":["5f5f33df13a8820017121dd0","5f5f33df41f5ea00177460e2","5f5f33df41f5ea00177460e1","5f5f33df41f5ea00177460e0","5f5f33df41f5ea00177460df","5f5f33df41f5ea00177460de","5f5f33df41f5ea00177460dd","5f5f33df41f5ea00177460dc","5f5f33df41f5ea00177460db"],"styles":{"galleryType":"Columns","groupSize":1,"showArrows":true,"cubeImages":true,"cubeType":"fill","cubeRatio":1.3333333333333333,"isVertical":true,"gallerySize":30,"collageAmount":0,"collageDensity":0,"groupTypes":"1","oneRow":false,"imageMargin":32,"galleryMargin":0,"scatter":0,"rotatingScatter":"","chooseBestGroup":true,"smartCrop":false,"hasThumbnails":false,"enableScroll":true,"isGrid":true,"isSlider":false,"isColumns":false,"isSlideshow":false,"cropOnlyFill":false,"fixedColumns":1,"enableInfiniteScroll":true,"isRTL":false,"minItemSize":50,"rotatingGroupTypes":"","rotatingCropRatios":"","columnWidths":"","gallerySliderImageRatio":1.7777777777777777,"numberOfImagesPerRow":1,"numberOfImagesPerCol":1,"groupsPerStrip":0,"borderRadius":0,"boxShadow":0,"gridStyle":1,"mobilePanorama":false,"placeGroupsLtr":true,"viewMode":"preview","thumbnailSpacings":4,"galleryThumbnailsAlignment":"bottom","isMasonry":false,"isAutoSlideshow":false,"slideshowLoop":false,"autoSlideshowInterval":4,"bottomInfoHeight":0,"titlePlacement":"SHOW_ON_THE_LEFT","galleryTextAlign":"center","scrollSnap":false,"itemClick":"nothing","fullscreen":true,"videoPlay":"hover","scrollAnimation":"NO_EFFECT","slideAnimation":"SCROLL","scrollDirection":0,"scrollDuration":400,"overlayAnimation":"FADE_IN","arrowsPosition":0,"arrowsSize":23,"watermarkOpacity":40,"watermarkSize":40,"useWatermark":true,"watermarkDock":{"top":"auto","left":"auto","right":0,"bottom":0,"transform":"translate3d(0,0,0)"},"loadMoreAmount":"all","defaultShowInfoExpand":1,"allowLinkExpand":true,"expandInfoPosition":0,"allowFullscreenExpand":true,"fullscreenLoop":false,"galleryAlignExpand":"left","addToCartBorderWidth":1,"addToCartButtonText":"","slideshowInfoSize":200,"playButtonForAutoSlideShow":false,"allowSlideshowCounter":false,"hoveringBehaviour":"NEVER_SHOW","thumbnailSize":120,"magicLayoutSeed":1,"imageHoverAnimation":"NO_EFFECT","imagePlacementAnimation":"NO_EFFECT","calculateTextBoxWidthMode":"PERCENT","textBoxHeight":0,"textBoxWidth":200,"textBoxWidthPercent":50,"textImageSpace":10,"textBoxBorderRadius":0,"textBoxBorderWidth":0,"loadMoreButtonText":"","loadMoreButtonBorderWidth":1,"loadMoreButtonBorderRadius":0,"imageInfoType":"ATTACHED_BACKGROUND","itemBorderWidth":0,"itemBorderRadius":0,"itemEnableShadow":false,"itemShadowBlur":20,"itemShadowDirection":135,"itemShadowSize":10,"imageLoadingMode":"BLUR","expandAnimation":"NO_EFFECT","imageQuality":90,"usmToggle":false,"usm_a":0,"usm_r":0,"usm_t":0,"videoSound":false,"videoSpeed":"1","videoLoop":true,"jsonStyleParams":"","gallerySizeType":"px","gallerySizePx":670,"allowTitle":true,"allowContextMenu":true,"textsHorizontalPadding":-30,"itemBorderColor":{"value":"#2F2E2E"},"showVideoPlayButton":true,"galleryLayout":2,"targetItemSize":670,"selectedLayout":"2|bottom|1|fill|true|0|true","layoutsVersion":2,"selectedLayoutV2":2,"isSlideshowFont":false,"externalInfoHeight":0,"externalInfoWidth":0.5},"container":{"width":670,"galleryWidth":702,"galleryHeight":0,"scrollBase":0,"height":null}}
