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MAS-Led Forum Conducts Cloud Outage Exercise in Response to Growing Risks

Fintech News

APAC financial regulators and cloud providers recently conducted a first-of-its-kind crisis management exercise simulating a large-scale public cloud outage impacting the region’s financial sectors. This exercise comes at a time of heightened awareness surrounding the potential for widespread disruption from technology failures.

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Can Crypto Firms Catch Up on Compliance Gaps as Regulations Evolve?

Fintech News

As crypto adoption accelerates, regulators are ramping up enforcement of the Financial Action Task Force’s (FATF) Travel Rule compliance in APAC. VASPs must adopt robust risk mitigation strategies and ensure their systems can communicate across borders to close these critical compliance gaps.

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Crypto Scam Losses Exceeded $4Billion in 2024, Driven by Deepfake and AI Tech, Says Bitget

The Fintech Times

Combatting fraudsters The report also details how Bitget’s Anti-Scam Hub, innovative detection systems, and a Protection Fund exceeding $500million are being actively deployed to mitigate user risks. Our work with Bitget reflects a shared urgency to expose these evolving threats and give users the tools to protect themselves.”

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Taking the Preemptive Strike to Thwart Rising Scams and Fraud in ASEAN Banking

Fintech News

. “Many financial organisations are already adopting biometric and liveness detection technologies to strengthen their fraud prevention systems,” said Frederic Ho, Vice President of APAC at Jumio.

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Top 18 Fintech Events in Singapore to Attend in 2024

Fintech News

Singapore is home to a robust and thriving fintech industry that’s often regarded as one of the leading hubs in Asia-Pacific (APAC). They will also discuss opportunities for sustainable investments, financing the green transition, boosting ESG product sales, and mitigating greenwashing risks.

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10 Upcoming Fintech Webinars to Attend

Fintech News

Moderating the session will be Tristan Chiappini, VP APAC and Managing Director at PPRO. As regulatory expectations continue to evolve, it’s crucial for organizations to stay ahead of the curve and adapt their compliance strategies to mitigate financial crime risks effectively.

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Banking Fraud – What’s Happening In Asia Pacific?

FICO

For example, the need to align KYC (know your customer) and application fraud controls, better leverage third-party authentication data to mitigate account take-over and manage future eKYC controls. caption id="attachment_37593" align="alignright" width="214"] Raed Taji - Head of APAC, Fair Isaac Advisors, Fraud, Waste and Abuse[/caption].