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ADGM FRSA publishes IT risk management guidance

Finextra

The Financial Services Regulatory Authority (FSRA) of ADGM has published its Information Technology (IT) Risk Management Guidance (Guidance), providing a comprehensive and holistic framework for managing technology risks in ADGM's financial sector.

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MAS Seeks Feedback to Close Regulatory Gaps for Crypto Service Providers

Fintech News

The purpose of these requirements is to address the risks of money laundering and terrorism financing, to which DTSPs may be particularly exposed due to their cross-border operations. Additionally, the proposed regulatory framework includes guidelines on technology risk management and cybersecurity.

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MAS Warns Financial Institutions of Quantum Computing Cyber Threats

Fintech News

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.

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How to Create a GDPR-Compliant Password Policy?

VISTA InfoSec

MAS-TRM compliance: Technology risk management guidelines by the Monetary Authority of Singapore. NESA compliance: Standards set by the National Electronic Security Authority in the UAE. CCPA compliance: California Consumer Privacy Act, focusing on consumer rights and data protection.

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Bitcoin Daily: Singapore’s MAS Looks To Expand Regulation Of Digital Token Services

PYMNTS

And the actions on risk will help with the new, more comprehensive use of technology in peoples’ lives that has also come with more threat of risk, the release says.

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Fixing Banks’ AML Achilles’ Heel — Before The Fraudsters Pounce

PYMNTS

That tactic — cutting corners and pennies — shows a glaring disconnect in risk management, according to Taylor. He said banks pay a lot of attention to financial risk, spanning liquidity risk, credit risk and overall exposure to different markets. Crime, At Scale.

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Jewel Paymentech Uses AI To Optimize Merchant Onboarding

PYMNTS

Second, there are the risk management technologies, including the cyberspace crawler that automatically reads and analyzes social posts about the merchant. The platform provides self-signup capabilities for all types of merchants across all channels.