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Fintech / Regtech
ESG / Sustainability
BSP, NBC to Cooperate on Payment System Connectivity, Digital Finance
By Sanday Chongo Kabange | 22/08/2024
The central banks will collaborate on payment connectivity, digital finance innovation, AI, cyber security, and sustainable finance.
Crypto / Digital Assets
IMF Paper Highlights Untapped Potential of Programmability
By Ranamita Chakraborty | 22/08/2024
The paper proposes a framework for understanding programmability in payment and settlement systems.
AML / KYC
BNM Launches Integrated Platform to Help FIs Combat Fraud
By Jaya Prakash Balakrishnan | 22/08/2024
The platform allows automated fund tracing and recovery, information sharing and collaboration, and data-driven mule assessments.
Fintech / Regtech
SEBI Issues New Cybersecurity Framework for Regulated Entities
By Ajoy K Das | 21/08/2024
A cyber capability index (CCI) will be introduced as a benchmark for evaluating cybersecurity effectiveness and guiding necessary improvements.
Fintech / Regtech
Australia Introduces Policy for Responsible AI Use in Government
By Ranamita Chakraborty | 21/08/2024
The government will issue a standard for AI transparency statements and further guidance on additional measures over the coming months.
ESG / Sustainability
Singapore Financial Industry Bodies Sign MOU on Skills Development
By Editors | 21/08/2024
Seven associations including IMAS and ABS signed an MOU with IBF and NTUC to promote the adoption of Financial Sector Job Transformation Maps.
AML / KYC
Banks Exercise Caution in Transition to AI-Based AML Systems
By Bradley Maclean | 20/08/2024
Participants at a recent Regulation Asia roundtable in Hong Kong expressed caution, but also optimism, about the use of AI for AML purposes.
AML / KYC
China, US Exchange Letters of Cooperation on Financial Stability
By Editors | 20/08/2024
PBOC and US Treasury officials agreed to strengthen information sharing and coordinate in times of financial stress and operational resilience issues.
Fintech / Regtech
Malaysia’s SC Implements Revised Technology Risk Management Rules
By Nithya Subramanian | 20/08/2024
The revised guidelines include new requirements on reporting to the SC, performing cyber security assessments, and conducting penetration testing.
Big Picture
MIT Researchers Create World’s First Catalogue of AI Risks
By Ranamita Chakraborty | 20/08/2024
The AI Risk Repository reveals that only 10% of AI risks are detected before deployment, underlining the importance of post-launch monitoring.
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