Fintech / Regtech

ESG / Sustainability

BSP, NBC to Cooperate on Payment System Connectivity, Digital Finance

By Sanday Chongo Kabange | 22/08/2024

The central banks will collaborate on payment connectivity, digital finance innovation, AI, cyber security, and sustainable finance.

Crypto / Digital Assets

IMF Paper Highlights Untapped Potential of Programmability

By Ranamita Chakraborty | 22/08/2024

The paper proposes a framework for understanding programmability in payment and settlement systems.

AML / KYC

BNM Launches Integrated Platform to Help FIs Combat Fraud

By Jaya Prakash Balakrishnan | 22/08/2024

The platform allows automated fund tracing and recovery, information sharing and collaboration, and data-driven mule assessments.

Fintech / Regtech

SEBI Issues New Cybersecurity Framework for Regulated Entities

By Ajoy K Das | 21/08/2024

A cyber capability index (CCI) will be introduced as a benchmark for evaluating cybersecurity effectiveness and guiding necessary improvements.

Fintech / Regtech

Australia Introduces Policy for Responsible AI Use in Government

By Ranamita Chakraborty | 21/08/2024

The government will issue a standard for AI transparency statements and further guidance on additional measures over the coming months.

ESG / Sustainability

Singapore Financial Industry Bodies Sign MOU on Skills Development

By Editors | 21/08/2024

Seven associations including IMAS and ABS signed an MOU with IBF and NTUC to promote the adoption of Financial Sector Job Transformation Maps.

AML / KYC

Banks Exercise Caution in Transition to AI-Based AML Systems

By Bradley Maclean | 20/08/2024

Participants at a recent Regulation Asia roundtable in Hong Kong expressed caution, but also optimism, about the use of AI for AML purposes.

AML / KYC

China, US Exchange Letters of Cooperation on Financial Stability

By Editors | 20/08/2024

PBOC and US Treasury officials agreed to strengthen information sharing and coordinate in times of financial stress and operational resilience issues.

Fintech / Regtech

Malaysia’s SC Implements Revised Technology Risk Management Rules

By Nithya Subramanian | 20/08/2024

The revised guidelines include new requirements on reporting to the SC, performing cyber security assessments, and conducting penetration testing.