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Enforcement
MAS Imposes Restrictions on DBS Over Service Disruptions
By Editors | 01/11/2023
DBS has to suspend business acquisitions and non-essential changes to its IT systems, instead dedicating its resources and attention to technology resiliency.

Crypto / Digital Assets
BIS Innovation Hub Releases Update Report for Project mBridge
By Manesh Samtani | 01/11/2023
The update reveals a list of 25 observing members, and that the mBridge platform offers APIs based on ISO 20022 and uses LEIs for participant identification.

Fintech / Regtech
MAS to Launch POC to Enhance Interoperability for QR Payments
By Editors | 01/11/2023
The POC will explore the feasibility of enabling merchants to accept QR payments from a variety of local and international payment schemes by signing up with a single FI.

Fintech / Regtech
SFC Consults on New Regulatory Requirements for Securities Registrars
By Manesh Samtani | 31/10/2023
General principles on outsourcing, systems integrity and security, and disclosure obligations are being added to the code of conduct.

Fintech / Regtech
RBI Allows Five MSME Lending Products to Exit Sandbox
By Ajoy K Das | 31/10/2023
Regulated entities are allowed to adopt the MSME lending products. The RBI also opened applications for its fifth sandbox cohort, which is “theme neutral”.

Fintech / Regtech
Citi to Provide GenAI Tools to 40,000 Coders Across the Bank
By Editors | 31/10/2023
Citi used generative AI to analyse 1,089 pages of new capital rules proposed by US regulators in July. Over 350 other use cases have been proposed.

Crypto / Digital Assets
ANNA Issues First Set of ISINs for Crypto Assets
By Manesh Samtani | 31/10/2023
Crypto assets with a registered DTI can now also be issued an ISIN. Currently, there are already 108 ISIN–DTI pairs.

Fintech / Regtech
Integration of AI, Fintech, ESG Gets Underway
By Jill Wong | 31/10/2023
The financial industry is accelerating its interest around three main themes – fintech, ESG and AI.

Fintech / Regtech
White House Issues Executive Order to Regulate AI
By Sanday Chongo Kabange | 31/10/2023
The executive order sets out new standards for AI safety and requirements for developers and users of AI systems.

Fintech / Regtech
G7 Nations Agree on Code of Conduct for AI Systems
By Editors | 31/10/2023
The code of conduct for AI developers seeks to promote the development of “secure and trustworthy” AI systems internationally.
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