Fintech / Regtech

FSC Korea Offers Roadmap for Relaxing Network Separation Rules

By Manesh Samtani | 15/08/2024

Financial institutions will be allowed to use cloud computing and generative AI provided they have adequate security assurance measures in place.

Crypto / Digital Assets

DBS Pilots New Blockchain-Powered Treasury Management Platform

By Nithya Subramanian | 14/08/2024

DBS said Ant International will pilot the platform, reducing the time taken to settle cross-border intra-group transactions to seconds.

Fintech / Regtech

HKMA Launches New GenAI Sandbox at Hong Kong Cyberport

By Sanday Chongo Kabange | 14/08/2024

HKMA CEO Eddie Yue said sandbox will empower banks to pilot their novel GenAI use cases within a risk-managed framework.

Enforcement

ASIC Commences Legal Action Against ASX Over Misleading Statements

By Sanday Chongo Kabange | 14/08/2024

ASIC alleges that ASX’s claims in February 2022 that the CHESS replacement project was tracking to plan were “misleading and deceptive”.

Fintech / Regtech

Taishin Bank Set to Launch Taiwan’s First Responsible AI System

By Ranamita Chakraborty | 14/08/2024

Singapore-based cybersecurity firm OneDegree Global will verify the fairness, security, and privacy protection of Taishin Bank’s AI model.

Capital / Liquidity

Taiwan FSC Urges Banks to Embrace Fintech in Lending Practices

By Nithya Subramanian | 13/08/2024

The FSC encourages banks to test the use of big data analytics and financial assessment models to replace income documentation for unsecured credit loans.

Fintech / Regtech

RBI Proposes to Introduce Public Repository for Digital Lending Apps

By Ajoy K Das | 13/08/2024

The repository will serve as a comprehensive list of digital lending apps that are operated by RBI regulated entities such as banks and NBFCs.

Crypto / Digital Assets

The Path Forward: Making Tokenisation a Reality in Singapore

By Justin Christopher | 13/08/2024

Justin Christopher discusses the importance of robust collaboration between businesses and regulators, and aspects of DLT that are often overlooked.

Fintech / Regtech

Australia Outlines Plan for Revamp of Consumer Data Right

By Manesh Samtani | 13/08/2024

Assistant Treasurer Stephen Jones said the CDR currently costs too much to implement, which has resulted in little takeup.

Crypto / Digital Assets

Thailand SEC Launches Digital Asset Regulatory Sandbox

By Editors | 12/08/2024

Six types of digital asset services will be allowed to participate in sandbox testing, subject to them meeting certain qualifications.

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