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MAS Seeks Feedback to Close Regulatory Gaps for Crypto Service Providers

Fintech News

The aim is to mitigate the risks associated with such businesses. 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.

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MAS Warns Financial Institutions of Quantum Computing Cyber Threats

Fintech News

In response, the National Institute of Standards and Technology (NIST) has initiated a global effort to standardise post-quantum cryptography (PQC), which includes identifying quantum-resistant cryptographic algorithms compatible with existing communication protocols to safeguard against CRQC threats.

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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
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As AI Grows, So Do Its Challenges: Industry Reveals Technology’s Biggest Hurdles

The Fintech Times

” Thoughtful governance and proactive risk management Charles Nerko, team leader for data security litigation in Barclay Damon LLP There is a misconception that as AI learns from data, it will be impossible for it to make mistakes.

AI 97
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How to Create a GDPR-Compliant Password Policy?

VISTA InfoSec

A GDPR-compliant password policy should enforce unique passwords for each account to mitigate the risk of credential stuffing attacks. MAS-TRM compliance: Technology risk management guidelines by the Monetary Authority of Singapore. SAMA compliance: Saudi Arabian Monetary Authority regulations for cybersecurity.

MFA 130
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Here Are All The Licensed Crypto Services Providers in Singapore

Fintech News

This is part of MAS’s broader strategy to strengthen consumer safeguards and mitigate risks in the digital currency domain. Following its latest feedback publication on DPT regulations, MAS has introduced rules focusing on business conduct and technology risk management.