Assessments Risk Management Technology Risk 
Fintech News
OCTOBER 8, 2024
Under this proposal, DTSPs must apply for a license, and MAS will assess various aspects of the applicant’s business model, financial sustainability, and adherence to international regulatory standards. Additionally, the proposed regulatory framework includes guidelines on technology risk management and cybersecurity.
Fintech News
FEBRUARY 21, 2024
To mitigate these quantum-related cybersecurity risks, MAS advises financial institutions to develop crypto-agility—the ability to transition from vulnerable cryptographic algorithms to PQC efficiently without significantly impacting their IT systems and infrastructure.
VISTA InfoSec
JUNE 3, 2024
These may include: SOC1/SOC2: Service organization control reports that assess controls related to financial reporting and data security. ISO27001: An international standard for information security management systems. MAS-TRM compliance: Technology risk management guidelines by the Monetary Authority of Singapore.
PYMNTS
JUNE 17, 2020
The bank stands accused of failing to assess money laundering and terrorism financing risks; regulators said record-keeping was faulty and the company failed to monitor customer due diligence on transactions that may have been tied to child exploitation and endangerment. There was no evidence of intentional wrongdoing.”.
Fintech News
JANUARY 24, 2024
Following its latest feedback publication on DPT regulations, MAS has introduced rules focusing on business conduct and technology risk management. These rules require DPT providers to manage conflicts of interest, maintain clear DPT listing policies, and have robust customer complaint-handling processes.
PYMNTS
JANUARY 9, 2020
Resilience360, incubated in DHL’s global Innovation Center , provides a continuous supply chain risk assessment and monitoring service. It’s now a stand-alone company, managed by holding company Rising Tide Digital and created by Columbia Capital to invest in disruptive supply chain technologies. .
The Payments Association
DECEMBER 9, 2024
Financial institutions must align with UK and EU regulations by 2025, implementing unified compliance frameworks, advanced risk management, and real-time monitoring tools. Firms must not only assess the resilience of their internal systems but also ensure that third-party providers meet stringent operational resilience requirements.
Expert insights. Personalized for you.
97 
Let's personalize your content