Fintech / Regtech

Big Picture

ASIFMA Seeks Regulatory Dialogue on Generative AI

By Ranamita Chakraborty | 22/01/2024

The association urged regulators to endorse GenAI adoption and adopt risk-based frameworks for responsible implementation in financial entities.

Fintech / Regtech

SEBI to Start Using GenAI to Assess IPO Applications – Report

By Editors | 22/01/2024

SEBI chairperson Madhabi Puri Buch reportedly set up a task force and asked every department head to explore GenAI use cases.

Fintech / Regtech

Singapore Releases Draft Governance Framework on GenAI

By Editors | 22/01/2024

IMDA and the AI Verify Foundation are seeking feedback on a draft Model AI Governance Framework for Generative AI until 15 March.

Fintech / Regtech

WEF Summit: AIGA Calls for Inclusive Access to AI

By Ranamita Chakraborty | 19/01/2024

At the World Economic Forum 2024 summit, AI Governance Alliance urges action on governance gaps for an inclusive future.

Fintech / Regtech

Australia to Establish Risk-based Guardrails for AI Development

By Editors | 18/01/2024

The government will establish mandatory guardrails to promote the safe design, development and deployment of AI systems.

Fintech / Regtech

Taiwan Advances to Third Phase of Open Banking

By Editors | 18/01/2024

The third phase of open banking covers transactions involving deposits, credit cards, loans, payments and mobile phones.

Market Infrastructure

Google Pay and India’s NIPL Ink Pact to Expand UPI Globally

By Ajoy K Das | 18/01/2024

The partnership aims to help Indian travellers make payments overseas, develop UPI-like models in foreign countries and ease cross-border remittances.

Fintech / Regtech

Malaysia Issues Exposure Draft on Currency Processing Business

By Mark Johnston | 18/01/2024

The exposure draft covers key areas such as governance, operational requirements, risk management and IT requirements for currency processors.

Fintech / Regtech

Financial Sector Urged to Develop AI Governance Frameworks

By Ranamita Chakraborty | 17/01/2024

Industry experts are calling upon the financial sector to proactively prepare for GenAI regulation, considering technological advancements and ethical considerations.