FINTECH / REGTECH

Fintech / Regtech

DBS Making Good Progress on Technology Resiliency: CEO

By Nithya Subramanian | 02/04/2024

“Complete clarity” on whether transactions are successful will be made available by end-April, along with options for alternative channels when the system is down.

Fintech / Regtech

FSS Korea Launches New Registration System for Investment Firms

By Mark Johnston | 02/04/2024

The new system will streamline the registration process for prospective financial investment businesses and eliminate the need for physical documents.

Crypto / Digital Assets

HKMA to Soon Issue Guidelines for Banks on DLT Adoption

By Manesh Samtani | 02/04/2024

HKMA’s Raymond Chan said the new guidelines will not be binding nor exhaustive, but they will provide a “helpful benchmark” for banks looking to plan and develop DLT solutions.

Fintech / Regtech

Korea Launches “Financial Sector AI Council” to Drive GenAI Adoption

By Mark Johnston | 01/04/2024

The ‘Financial Sector AI Council’ will serve as a platform to promote the safe use of GenAI in the finance industry, while addressing regulatory challenges.

AML / KYC

‘COSMIC’ Information Sharing Platform Launches in Singapore

By Editors | 01/04/2024

COSMIC allow banks to share information on suspicious customers or transactions to help detect and prevent financial crime.

Fintech / Regtech

Japan Develops AI Model to Help Regional Banks Identify Risk

By Editors | 31/03/2024

The AI model can identify businesses that are showing signs of deterioration so banks can provide support before financial difficulties become insurmountable.

AML / KYC

Singapore: ACIP Sheds Light on Use of Data Analytics for AML/CFT

By Manesh Samtani | 30/03/2024

New paper discusses current and future uses of data analytics for AML/CFT, and how information shared over COSMIC could be leveraged to enhance such solutions.

Fintech / Regtech

NZ FMA Supports Use of Gen AI by Finance Sector

By Nithya Subramanian | 30/03/2024

Executive Director Daniel Trinder said the FMA would like to hear from firms about their use of GenAI to understand how risks are managed.

AML / KYC

Australian Senate Passes Digital Identity Bill

By Editors | 29/03/2024

The Bill will allow myGovID to be used by the private sector, and accredited private sector IDs to be used for some government services.