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Fintech / Regtech
Big Picture
SIFMA Calls for Technology-Neutral Approach to AI Regulation
By Nithya Subramanian | 13/09/2024
SIFMA says additional rules should only be considered if gaps are identified that existing regulatory and legal frameworks cannot address.
Fintech / Regtech
Japanese Megabanks to Stop Issuing Paper Bills and Cheques
By Thisanka Siripala | 13/09/2024
Sumitomo Mitsui will discontinue paper bills and cheques altogether in September 2025. MUFG and Mizuho Bank are expected to follow suit.
Fintech / Regtech
TWSE Suffers Russian DDoS Attack, But Recovers Quickly
By Editors | 13/09/2024
A pro-Russia hacker group targeted TWSE and other Taiwanese institutions with DDoS attacks in response to comments from President Lai Ching-de.
AML / KYC
Japan Backs FSB Plan to Streamline Cross-border Payments
By Thisanka Siripala | 12/09/2024
However, the Japanese Bankers Association is calling for incentives to help boost the adoption of LEIs, which are currently costly and complex to implement.
Fintech / Regtech
New Zealand FIs Taking ‘Cautious Approach’ to AI Adoption – FMA
By Sanday Chongo Kabange | 10/09/2024
The FMA conducted research to better understand how regulated entities are exploring the adoption of AI, to help shape an appropriate regulatory framework.
Crypto / Digital Assets
Thai SEC Amends Rules on Use of Digital Assets in Payments
By Nithya Subramanian | 10/09/2024
The regulatory changes allow digital asset business operators to participate in the central bank’s Programmable Payment Sandbox.
Crypto / Digital Assets
Japan’s Megabanks to Pilot Blockchain Cross-Border Payments System
By Thisanka Siripala | 10/09/2024
The Japanese megabanks will start piloting stablecoins to simplify the cross-border payments process. The new system is expected to go live in 2025.
AML / KYC
HKMA Issues Guidance on Using AI to Enhance AML Monitoring
By Sanday Chongo Kabange | 10/09/2024
Banks will have to assess the feasibility of adopting AI in their ML/TF monitoring systems and then formulate and submit an implementation plan to HKMA by end March 2025.
ESG / Sustainability
BIS, NGFS Developing Enhanced Climate Risk Data Platform
By Editors | 10/09/2024
The NGFS Data Directory 2.0 aims to enhance how the financial sector accesses and utilises climate risk data.
ESG / Sustainability
Bursa Malaysia, MyDIGITAL to Drive ESG via Digital Solutions
By Nithya Subramanian | 10/09/2024
The collaboration will support companies in leveraging digitalisation to improve operational efficiency and overall sustainability performance.
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