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Fintech / Regtech
RBI Allows Five MSME Lending Products to Exit Sandbox
By Ajoy K Das | 31/10/2023
Regulated entities are allowed to adopt the MSME lending products. The RBI also opened applications for its fifth sandbox cohort, which is “theme neutral”.
Fintech / Regtech
Citi to Provide GenAI Tools to 40,000 Coders Across the Bank
By Editors | 31/10/2023
Citi used generative AI to analyse 1,089 pages of new capital rules proposed by US regulators in July. Over 350 other use cases have been proposed.
Crypto / Digital Assets
ANNA Issues First Set of ISINs for Crypto Assets
By Manesh Samtani | 31/10/2023
Crypto assets with a registered DTI can now also be issued an ISIN. Currently, there are already 108 ISIN–DTI pairs.
Fintech / Regtech
Integration of AI, Fintech, ESG Gets Underway
By Jill Wong | 31/10/2023
The financial industry is accelerating its interest around three main themes – fintech, ESG and AI.
Fintech / Regtech
White House Issues Executive Order to Regulate AI
By Sanday Chongo Kabange | 31/10/2023
The executive order sets out new standards for AI safety and requirements for developers and users of AI systems.
Fintech / Regtech
G7 Nations Agree on Code of Conduct for AI Systems
By Editors | 31/10/2023
The code of conduct for AI developers seeks to promote the development of “secure and trustworthy” AI systems internationally.
Fintech / Regtech
RBI Amends Account Aggregator Framework to Promote Reciprocal Data Sharing
By Ajoy K Das | 31/10/2023
The RBI said some NBFCs enrolled only to access financial information from other firms without sharing their own financial information.
Fintech / Regtech
BondbloX Opens Fractional Bond Trading Platform to Individual Investors
By Editors | 31/10/2023
Until now, only accredited and institutional investors have been allowed to access the BondbloX Bond Exchange platform.
Enforcement
Bank of England and FCA Consider Avoiding Regulatory Definition for AI
By Editors | 31/10/2023
Following industry feedback on the role of AI in finance, UK regulators to address wide ranging concerns including data regulation.
Fintech / Regtech
Hong Kong FSTB Launches GBA Fintech Internship Scheme
By Editors | 31/10/2023
The scheme aims to nurture fintech talent by allowing post-secondary students to gain practical experience at fintech firms across the Greater Bay Area.
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