Fintech / Regtech

Taiwan FSC Issues Core Principles and Policies on the Use of AI

By Manesh Samtani | 18/10/2023

The FSC has also started developing regulatory guidelines on the use of AI in the financial industry, which will be completed by year-end.

Fintech / Regtech

Kakao Faces Possible Class Action Over Data Centre Fire

By Mark Johnston | 18/10/2023

Lawyer says Kakao owes compensation to users of its platforms who were affected by a fire at its data centre last year.

Enforcement

Japan FSA Orders Report Explaining Zengin-Net Outage

By Sanday Chongo Kabange | 18/10/2023

Zengin-Net has to produce a report explaining last week’s outage and measures taken to prevent a recurrence.

Fintech / Regtech

US, Singapore to Deepen Collaboration on Responsible AI Innovation

By Editors | 17/10/2023

The US and Singapore completed a joint mapping exercise to make their AI governance frameworks interoperable.

Fintech / Regtech

FSC Korea Forms New “Financial Safety Department”

By Sanday Chongo Kabange | 16/10/2023

The new department will be dedicated to enhancing financial security and information protection in digital finance.

AML / KYC

Bhutan Launches Blockchain-based Digital Identity System

By Editors | 16/10/2023

Bhutan has become the first sovereign state to implement a comprehensive decentralised digital identity framework.

Fintech / Regtech

Australia to Regulate Digital Payment Providers

By Editors | 12/10/2023

The RBA will regulate new and emerging payments systems the same way as credit cards, EFTPOS and other transactions.

Fintech / Regtech

SIFMA Urges SEC Not to Adopt Proposed Rules for Predictive Data Analytics

By Mark Johnston | 11/10/2023

SIFMA said the proposed rules would impose unreasonable and unworkable requirements on brokers and advisors and limit their ability to use technology.

Fintech / Regtech

SEBI Grants MCX Approval to Launch New Platform

By Mark Johnston | 11/10/2023

The new web-based commodity derivatives platform will launch on 16 October after being put on hold last month.

Big Picture

Public-Private Partnership Key for G20 Cross-Border Payment Targets: FSB

By Ranamita Chakraborty | 10/10/2023

FSB’s Rupert Thorne tells Regulation Asia how public and private sectors play critical roles in achieving the G20’s cross-border payment targets.

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