Fintech / Regtech

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    Crypto / Digital Assets

    HKMA to Soon Issue Guidelines for Banks on DLT Adoption

    By Manesh Samtani | 02/04/2024

    HKMA’s Raymond Chan said the new guidelines will not be binding nor exhaustive, but they will provide a “helpful benchmark” for banks looking to plan and develop DLT solutions.

    Fintech / Regtech

    Korea Launches “Financial Sector AI Council” to Drive GenAI Adoption

    By Mark Johnston | 01/04/2024

    The ‘Financial Sector AI Council’ will serve as a platform to promote the safe use of GenAI in the finance industry, while addressing regulatory challenges.

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    AML / KYC

    ‘COSMIC’ Information Sharing Platform Launches in Singapore

    By Editors | 01/04/2024

    COSMIC allow banks to share information on suspicious customers or transactions to help detect and prevent financial crime.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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