Fintech / Regtech

Fintech / Regtech

Two New Digital Banks Approved for Launch in Malaysia

By Manesh Samtani | 10/01/2024

Boost Bank and AEON Bank received regulatory approval to begin digital banking operations. They were two of five applicants granted licences in 2022.

Fintech / Regtech

BSP Proceeds With Soft Launch of New ITRS System

By Editors | 09/01/2024

The soft launch of the new International Transaction Reporting System commenced as planned on 8 January. Full implementation is deferred from April to June.

Market Infrastructure

GIFT City Regulator Directs IBUs to Improve Cross-border Payments

By Ajoy K Das | 09/01/2024

IFSC Banking Units are asked to use Swift GPI and to explore how they can further speed up their processing of cross border payments.

Crypto / Digital Assets

HK Spot Crypto ETFs to Drive Collaboration with TradFI Firms

By Nithya Subramanian | 09/01/2024

With regulatory safeguards in place, the success of crypto ETFs hinges on institutional interest tied to market conditions, including crypto valuations.

Fintech / Regtech

Korea FSC to Launch New Microfinance Assistance Platform

By Sanday Chongo Kabange | 08/01/2024

The new online platform will help users find suitable microfinance products based on their financial needs and situation.

Fintech / Regtech

Taiwan Reports Progress on Industry Use of Digital Identity Solutions

By Mark Johnston | 07/01/2024

The FSC said the financial industry is gradually introducing digital identity verification solutions following the issuance of new guidelines in October.

Fintech / Regtech

Large Language Models Can’t Yet be Used for ‘Highstakes’ Analysis: BIS

By Manesh Samtani | 06/01/2024

Current large language models like GPT-4 do not yet have the “rigorous reasoning abilities necessary for some core analytical activities”.

Fintech / Regtech

Korea to Launch AI-based Advertising Surveillance System

By Manesh Samtani | 05/01/2024

The new system will use an AI to automatically identify illegal financial advertisements and automate requests to block them.

Fintech / Regtech

RBI Offers 10-Point Checklist for AI Deployment in Banking

By Ajoy K Das | 04/01/2024

M Rajeshwar Rao said the banking sector needs to address concerns over the fairness, transparency and governance or AI models.