FINTECH / REGTECH

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    Fintech / Regtech

    Korea ‘Financial AI Data Library’ to Start Operations in July

    By Sanday Chongo Kabange | 24/06/2023

    The Financial AI Data Library allows the reuse of pseudonymous information in a secure environment, which will help fintechs and financial firms save time and cost.

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    ESG / Sustainability

    MAS Partners UNDP, GLEIF to Digitise ESG Credentials for MSMEs

    By Ranamita Chakraborty | 23/06/2023

    Project Savannah will establish a common framework of ESG metrics for MSMEs, enabling them to meet the UN SDGs and facilitate their access to cross-border opportunities.

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    Fintech / Regtech

    BSP Introduces Open Finance Pilot to Advance Financial Inclusion Objectives

    By Ranamita Chakraborty | 23/06/2023

    The pilot involves participation from FIs to co-develop an “open, interoperable, and scalable ecosystem”, supported by the BSP and IFC.

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    Fintech / Regtech

    FSB Consults on Third-Party Risk Management Toolkit

    By Editors | 23/06/2023

    The toolkit has been developed amid a growing reliance on third-party service providers for critical financial sector operations.

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    Fintech / Regtech

    US DOJ Launches New Section to Focus on Cyber Threats

    By Mark Johnston | 23/06/2023

    The new section will focus national security cyber threats, such as state-sponsored hackers, cybercriminals, and money launderers.

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    Fintech / Regtech

    ASIC Chair Cautions Against Hasty Implementation of AI Tools

    By Editors | 22/06/2023

    ASIC plans to extend its automated order processing rules to futures markets and update its electronic trading guidance to reflect developments with AI.

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    Fintech / Regtech

    FSC Korea Unveils New Support Programme for Fintech Firms

    By Mark Johnston | 22/06/2023

    The FSC said it will select 30 promising fintech companies and provide them opportunities to obtain funding, receive consulting, and expand overseas.

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    Fintech / Regtech

    Embattled PwC Caught up in Russian Cyberattack

    By Editors | 22/06/2023

    A Russian hacker group known as CL0P exploited a vulnerability in MOVEit, a third-party software platform used for secure data transfer.

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    Big Picture

    French Regulator Calls for Global Approach to DeFi Regulation

    By Editors | 21/06/2023

    The AMF seeks a “balanced regulatory framework that will help support the sound development of decentralised finance in the long run”.

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    Crypto / Digital Assets

    MAS Proposes Common Digital Money Standards

    By Karen Ng | 21/06/2023

    MAS has published a whitepaper specifying conditions for the use of digital money.

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