FINTECH / REGTECH

Fintech / Regtech

UNSC Hosts First-Ever Session on Artificial Intelligence

By Editors | 18/07/2023

UK Foreign Secretary James Cleverly called for urgent international cooperation in shaping the governance of AI.

Fintech / Regtech

Korea FSS Launches New Online Licence Application Platform

By Sanday Chongo Kabange | 18/07/2023

The new “S.T.A.R.T” platform allows applicants to submit licensing, registration and accreditation applications digitally.

Enforcement

US FTC Probes OpenAI’s ChatGPT Over Consumer Protection Concerns

By Editors | 17/07/2023

A key focus of the investigation is the possibility of ChatGPT generating false, misleading, or disparaging statements about real individuals.

Fintech / Regtech

RBI and CBUAE Sign MoUs to Boost Cross-Border Payments

By Editors | 17/07/2023

The first MoU will promote the use of local currencies for cross-border transactions. The second is aimed at interlinking India and UAE’s payment and messaging systems.

Fintech / Regtech

ASIC to Host Industry Roundtable on CHESS Replacement Project

By Editors | 17/07/2023

ASIC chair Joe Longo will chair an industry roundtable on 2 August to discuss a proposed CHESS replacement solution.

Fintech / Regtech

UK FCA Outlines Plans for Regulating AI and Big Tech

By Manesh Samtani | 16/07/2023

The FCA will address competition issues raised by Big Tech firms and potentially expand the SMCR to apply to “the most senior individuals managing AI systems”.

Fintech / Regtech

France Agrees to Accept UPI Payments from Indian Travellers

By Editors | 15/07/2023

Indian tourists will be able to use the UPI system to make payments in Indian rupees while visiting France.

Fintech / Regtech

Singapore Digital Banks Urge MAS to Lift Caps on Deposits

By Editors | 14/07/2023

Grab’s GSX Bank and  Sea’s MariBank say the deposit cap imposed on new digital banks is hindering their ability to expand and lend.

Fintech / Regtech

FFC Asia 2023: Professional AI Skills Needed in Financial Crime Fight

By Ranamita Chakraborty | 13/07/2023

Panellists at Regulation Asia’s Fraud and Financial Crime conference stressed the need to up-skill financial sector professionals so they can use AI in fighting financial crime.