Fintech / Regtech

HKUST Launches New GenAI Platform for Financial Sector

29/11/2024

HKUST’s new InvestLM, designed to support the financial services industry, is available through the HKMA’s GenAI Sandbox.

Securities / Derivatives

HKIC Invites Firms to Help Manage New CIES Investment Portfolio

28/11/2024

Eligible fund managers have until 10 December to submit their proposals on how to achieve the objectives of the CIES investment portfolio.

Fintech / Regtech

New Association Launches in Hong Kong to Advance AI Adoption

28/11/2024

The new association seeks to advance the development, adoption, commercialisation and use of AI across Hong Kong.

Market Infrastructure

ASX Targets 2029 Delivery for CHESS Replacement Project

28/11/2024

Release 1 (clearing services) will be delivered by 2026 and Release 2 (settlement and subregister services) in 2029.

APRA, ASIC Finds “Possible Gaps” in FAR Implementation by Banks

27/11/2024

APRA and ASIC identified possible gaps in registration and notification lodgements made since the FAR commenced for the banking industry in March.

Fintech / Regtech

Australia Consults on Expanding CDR Regime to Non-Bank Lending

27/11/2024

The proposed draft rules will allow consumers to share their bank data with non‑bank lenders for products like residential mortgages and car loans.

Crypto / Digital Assets

ZA Bank Launches Crypto Trading Services for Retail Clients

25/11/2024

Leveraging a partnership with HashKey Exchange, ZA Bank has become the first bank in Asia to offer virtual asset trading services to retail users.

Securities / Derivatives

BSP to Ease Rules on Cross-Selling Financial Products

25/11/2024

The revised regulations will allow the cross-selling of financial products, including insurance and mutual funds, within financial conglomerates.

ASIC Targets Death Benefit Claims Handling at Super Funds

25/11/2024

ASIC issued notices on ten superannuation trustees requesting data and documents on their death benefit claims handling practices.