FSI Technical Standards and Initiatives
Financial services teams must navigate overlapping technical standards, security controls, and open banking mandates across regions to deliver compliant digital platforms.
Learning Resources
-
Austria | PSD2 Implementation | European Commission Directs banks to facilitate secure third-party access per EU directive.
-
Austria | FMA IT Guidelines | FMA Official Website Guidance on IT security and governance for financial institutions.
-
Germany | PSD2 Implementation | European Commission Requires banks to provide secure third-party access and strong authentication.
-
Germany | BaFin IT Guidelines | BaFin Expert Article Requirements on IT security, resilience, and risk management.
-
Global | BIAN | BIAN Official Website Standardizes banking architectures to enhance interoperability and reduce integration costs.
-
Global | PCI DSS | PCI Security Standards Council Ensures secure processing, storage, and transmission of credit card information.
-
Global | ISO/IEC 27001 | ISO Overview International standard for managing information security across an organization.
-
Global | SWIFT CSP | Customer Security Programme Mandates security standards for SWIFT users to secure global banking messaging services.
-
Global | GDPR | EU GDPR Portal Protects data and enhances privacy rights across the EU and organizations handling EU data.
-
Global | FATF Recommendations | FATF Website International standards to combat money laundering and terrorism financing.
-
Global | ISO 20022 | Official Website A standard for electronic data interchange between financial institutions.
-
Global | Basel III | BIS Overview Global regulatory framework focusing on capital adequacy and liquidity risk.
-
Hong Kong | HKMA Open API Framework | HKMA Implements Open Banking in phases for product data sharing.
-
Hong Kong | Cybersecurity Fortification Initiative | HKMA Enhances cybersecurity and technology risk management.
-
Singapore | APIX Framework | APIX Platform Encourages API-based collaboration under the Smart Nation initiative.
-
Singapore | MAS Technology Risk Management Guidelines | MAS Comprehensive guidance for managing technology risk.
-
Switzerland | Market-Driven Open Banking | SwissBanking Banks voluntarily collaborate with FinTechs without regulatory mandates.
-
Switzerland | FINMA Circulars on IT and Cybersecurity | FINMA Guidance on managing IT and cybersecurity risks aligned to ISO/IEC 27001.
-
United Kingdom | Open Banking UK | Open Banking Mandates UK banks to open access to their data via secure APIs under CMA regulations.
-
United Kingdom | FCA Technical Standards and Guidelines | FCA Handbook Regulations on IT and cybersecurity for financial institutions.
-
"Core Banking Platforms Vendor Survey" whitepaper Analysis of core banking platforms for financial institutions.