article thumbnail

Metrika Successfully Completes Proof-of-Concept on Evaluating Operational Risks in Digital Assets

Fintech Review

This PoC provided an opportunity to explore insights into technological risks associated with digital assets across multiple blockchains. Transparency and risk management are critical to supporting institutional engagement in tokenized finance.”

Risk 52
article thumbnail

MAS Seeks Feedback to Close Regulatory Gaps for Crypto Service Providers

Fintech News

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.

article thumbnail

MAS Warns Financial Institutions of Quantum Computing Cyber Threats

Fintech News

This guidance is intended to supplement existing MAS notices and guidelines on technology risk management and cybersecurity. Featured image credit: Edited from Freepik The post MAS Warns Financial Institutions of Quantum Computing Cyber Threats appeared first on Fintech Singapore.

article thumbnail

Mastercard Launches Cyber Resilience Center in Saudi Arabia

Fintech Finance

Risk Assessments & Readiness: Enhancing preparedness through cyber defense exercises, scenario planning, and threat-casting workshops to anticipate and mitigate evolving risks. Mastercard has invested $10.7 “At Riyad Bank, safeguarding customer trust is central to everything we do.

Visa 88
article thumbnail

How to Create a GDPR-Compliant Password Policy?

VISTA InfoSec

These may include: SOC1/SOC2: Service organization control reports that assess controls related to financial reporting and data security. MAS-TRM compliance: Technology risk management guidelines by the Monetary Authority of Singapore. PCI PIN and PCI DSS: Standards for securing payment card data.

MFA 130
article thumbnail

Partnership Innovates Transportation SCRM

PYMNTS

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. .

article thumbnail

Here Are All The Licensed Crypto Services Providers in Singapore

Fintech News

Following its latest feedback publication on DPT regulations, MAS has introduced rules focusing on business conduct and technology risk management. MAS stated that it will consider all significant developments during their licence application assessments.