Fintech / Regtech

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    Enforcement

    US SEC Fines Two Investment Advisers for AI Washing

    By Editors | 19/03/2024

    “Investment advisers should not mislead the public by saying they are using an AI model when they are not,” said the SEC’s Gary Gensler.

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    Fintech / Regtech

    Microsoft, Amazon Suspend Russian Access to Cloud Products

    By Editors | 18/03/2024

    The move is a response to the EU’s 12th package of Russia sanctions, which prohibits companies from supplying enterprise or design software to companies in Russia.

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    Fintech / Regtech

    China UnionPay Launches Project to Optimise Payment Services

    By Editors | 18/03/2024

    China UnionPay will spend CNY 3 billion on acceptance terminal upgrades, signage placement and publicity in key cities.

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    ESG / Sustainability

    UNDP, MAS, GLEIF Launch Whitepaper on Project Savannah

    By Ranamita Chakraborty | 18/03/2024

    The whitepaper details Project Savannah’s goals and strategy for empowering MSMEs in sustainability reporting through three key pillars.

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    Fintech / Regtech

    HKMA Launches Second Phase of e-HKD Testing

    By Sanday Chongo Kabange | 15/03/2024

    Phase 2 will focus on programmability, tokenisation and atomic settlement, leveraging the ‘Project Ensemble’ sandbox.

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    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.

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    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.

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    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.

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    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.

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    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.

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