Fintech / Regtech

ESG / Sustainability

BIS Project to Address Scarcity of Scope 3 Data

By Manesh Samtani | 15/03/2024

Project Symbiosis aims to address the lack of comprehensive emissions data from SMEs that are part of larger supply chains.

Fintech / Regtech

Artificial Intelligence Act Passed by European Parliament

By Mark Johnston | 15/03/2024

Members of Parliament voted to adopt the final text of the EU AI Act, which will seek to promote AI innovation while also defending against risks.

AML / KYC

GCFFC Offers Guidance on Using AI to Fight Financial Crime

By Manesh Samtani | 15/03/2024

The guidance describes how FIs are using AI to fight financial crime and identifies opportunities to improve AML/CFT effectiveness.

Fintech / Regtech

PBOC Releases Payment Services Guide for Foreign Visitors

By Editors | 14/03/2024

The guide introduces and provides instructions on a variety of payment methods available to foreigners in China.

AML / KYC

Use of AI for AML Could Lower Effectiveness: Report

By Bradley Maclean | 14/03/2024

A new report from NICE Actimize and Regulation Asia sheds light on APAC’s use of technology to fight financial crime.

Fintech / Regtech

JPX Launches AI Service for TSE Company Insights

By Mark Johnston | 13/03/2024

JPX has unveiled a new AI service that can provide more detailed insights into Tokyo Stock Exchange listings.

AML / KYC

HKMA to Establish Regulatory Sandbox for Stablecoin Issuers

By Sanday Chongo Kabange | 13/03/2024

The HKMA will use the sandbox to communicate supervisory expectations and guidance on the issuance of fiat-referenced stablecoins in Hong Kong.

Crypto / Digital Assets

Major FIs Conclude Blockchain Pilot on Canton Network

By Editors | 13/03/2024

Dozens of participating FIs settled transactions across 22 different permissioned blockchains that were connected to the Canton Network.

Fintech / Regtech

BSP Studying Impact of Generative AI on Banking Industry

By Sanday Chongo Kabange | 12/03/2024

The BSP is seeking to introduce  ‘guardrails’ to mitigate potential risks associated with the use of Gen AI in the banking industry.