Fintech / Regtech

Fintech / Regtech

Japan Develops AI Model to Help Regional Banks Identify Risk

By Editors | 31/03/2024

The AI model can identify businesses that are showing signs of deterioration so banks can provide support before financial difficulties become insurmountable.

AML / KYC

Singapore: ACIP Sheds Light on Use of Data Analytics for AML/CFT

By Manesh Samtani | 30/03/2024

New paper discusses current and future uses of data analytics for AML/CFT, and how information shared over COSMIC could be leveraged to enhance such solutions.

Fintech / Regtech

NZ FMA Supports Use of Gen AI by Finance Sector

By Nithya Subramanian | 30/03/2024

Executive Director Daniel Trinder said the FMA would like to hear from firms about their use of GenAI to understand how risks are managed.

AML / KYC

Australian Senate Passes Digital Identity Bill

By Editors | 29/03/2024

The Bill will allow myGovID to be used by the private sector, and accredited private sector IDs to be used for some government services.

Crypto / Digital Assets

UK Proposes Two New Use Cases for Fund Tokenisation

By Manesh Samtani | 29/03/2024

Tokenising MMF units could facilitate their use as collateral, and reduce redemption pressures on MMFs during market stress.

AML / KYC

Westpac Unveils “First of its Kind” Anti Scam Service

By Sanday Chongo Kabange | 28/03/2024

The AI-powered service will ask customers to answer a “series of dynamic questions” if a new payment appears to have high scam risk.

Fintech / Regtech

US Treasury Publishes Report on AI-Specific Cyber Risks

By Manesh Samtani | 28/03/2024

The report outlines measures including the development of a common AI lexicon and a data lake to help FIs train AI models to detect fraud.

AML / KYC

BIS Innovation Hub Launches New Phase of AML Project

By Manesh Samtani | 28/03/2024

Phase 2 of Project Aurora aims to, among other things, deliver real-world proofs-of-concept that could scale to a potential pilot.

ESG / Sustainability

JPX Releases Results of GenAI-powered TCFD Disclosure Checks

By Editors | 27/03/2024

GenAI enabled JPX to widen the coverage of the checks, making breakdowns by market segment, company size, and sector possible.