Fewer observe misconduct since the pandemic. The rate of compliance reporting has dropped by 30 per cent from before the pandemic, according to Gartner, Inc. Employees are both less likely to observe misconduct and less likely to report it when observed. “The increase in remote and hybrid working practices has…
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Ravi Menon, Managing Director, Monetary Authority of Singapore talks about crypto. In the last two years, MAS has granted licences or in-principle approvals to 11 digital payment tokens service providers. They include global stablecoin players like Paxos, crypto exchanges like Coinhako as well as established financial institutions like DBS Vickers.…
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Objections to EU proposals to regulate crypto. Anonymity is big within the world of cryptocurrency, from the anonymous crypto wallets to the creative pseudonyms of crypto and NFT creators. It’s a big selling point for consumers who don’t want their transactions to be traced. According to Amrit Dhami, associate analyst…
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Enabling trusted and secure data flows. Singapore has welcomed the establishment of the Global Cross-Border Privacy Rules (CPBR) Forum and the invitation to join as a founding member. Canada, Japan, the Republic of Korea, the Philippines, Singapore, Chinese Taipei, and the United States of America, are current economies participating in…
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Imposes additional capital requirement on DBS Bank for disruption of digital banking services. The Monetary Authority of Singapore (MAS) has imposed on DBS Bank Ltd (DBS Bank) an additional capital requirement following the widespread unavailability of DBS Bank’s digital banking services during 23-25 November 2021. MAS has required DBS Bank…
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AI Workforce Readiness Programme to train students through real-world AI projects. The Institute of Technical Education (ITE) and global technology firm NVIDIA have entered a three-year partnership to collaborate in enhancing AI training for ITE students, through a jointly developed AI Workforce Readiness Programme. This involves the establishment of an AI…
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Businesses need to deploy a modern, intuitive ITSM platform to achieve faster time to value. Employees have growing consumer-like service expectations from their employers who receive highly responsive customer service outside of work. Companies are responding by increasingly adopting a customer- and service-centric approach that drives employee retention and job…
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Digital-first initiatives will drive unprecedented changes in the way IT is procured and deployed by organisations in Asia. IDC predicts by 2024, digital-first enterprises enable empathetic customer experiences and resilient operating models by shifting 60 per cent of all tech and services spending to as-a-service and outcomes-centric models. That is…
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Data files are believed to be amongst the records stolen during the data breach. The Government of South Australia was recently informed by its external payroll software provider, Frontier Software, that it was the victim of a ransomware cyber-attack directed at Frontier Software. The state government confirmed that significant personal…
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Questions surrounding assistance and protection Singapore bank customers. Monetary Authority Singapore requires financial institutions (FIs) to have robust systems and processes to ensure reliable delivery of services to their customers. In the event of a disruption, FIs are expected to restore the affected system as swiftly as possible and activate…
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