Fintech / Regtech

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    Fintech / Regtech

    Artificial Intelligence Act Passed by European Parliament

    By Mark Johnston | 15/03/2024

    Members of Parliament voted to adopt the final text of the EU AI Act, which will seek to promote AI innovation while also defending against risks.

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    AML / KYC

    GCFFC Offers Guidance on Using AI to Fight Financial Crime

    By Manesh Samtani | 15/03/2024

    The guidance describes how FIs are using AI to fight financial crime and identifies opportunities to improve AML/CFT effectiveness.

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    Fintech / Regtech

    PBOC Releases Payment Services Guide for Foreign Visitors

    By Editors | 14/03/2024

    The guide introduces and provides instructions on a variety of payment methods available to foreigners in China.

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    AML / KYC

    Use of AI for AML Could Lower Effectiveness: Report

    By Bradley Maclean | 14/03/2024

    A new report from NICE Actimize and Regulation Asia sheds light on APAC’s use of technology to fight financial crime.

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    Fintech / Regtech

    JPX Launches AI Service for TSE Company Insights

    By Mark Johnston | 13/03/2024

    JPX has unveiled a new AI service that can provide more detailed insights into Tokyo Stock Exchange listings.

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    AML / KYC

    HKMA to Establish Regulatory Sandbox for Stablecoin Issuers

    By Sanday Chongo Kabange | 13/03/2024

    The HKMA will use the sandbox to communicate supervisory expectations and guidance on the issuance of fiat-referenced stablecoins in Hong Kong.

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    Crypto / Digital Assets

    Major FIs Conclude Blockchain Pilot on Canton Network

    By Editors | 13/03/2024

    Dozens of participating FIs settled transactions across 22 different permissioned blockchains that were connected to the Canton Network.

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    Fintech / Regtech

    BSP Studying Impact of Generative AI on Banking Industry

    By Sanday Chongo Kabange | 12/03/2024

    The BSP is seeking to introduce  ‘guardrails’ to mitigate potential risks associated with the use of Gen AI in the banking industry.

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    AML / KYC

    Singapore’s COSMIC Initiative Will Prioritise Consumer Safeguards

    By Nithya Subramanian | 12/03/2024

    COSMIC, launching in May, requires banks to implement a number of safeguards to protect legitimate customers from having their information shared.

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    Fintech / Regtech

    BOE to Move Data & Analytics Platform to the Cloud

    By Editors | 11/03/2024

    The move is part of a modernisation programme that will also involve a “controlled set of pilots” of AI tools across the BOE.

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