Fintech / Regtech

Fintech / Regtech

Cybersecurity is the Biggest Risk for Global Banks: Survey

By Nithya Subramanian | 07/02/2024

The EY-IIF report says cyber threats are constantly morphing with evolving links to geopolitical, technology and third-party risks.

Fintech / Regtech

Singapore Strengthens Measures to Tackle AI Deepfakes

By Nithya Subramanian | 06/02/2024

Various government agencies and industry partners are working together to prevent the malicious use of deepfake technology.

Fintech / Regtech

India Issues Regulatory Framework for GIFT City Payment Services

By Ajoy K Das | 06/02/2024

The regulations cover account issuance, e-money issuance, escrow, cross-border money transfer and merchant acquisition services.

Fintech / Regtech

EU to Ramp Up Monitoring of BigTech Financial Services

By Manesh Samtani | 05/02/2024

The provision of financial services by BigTechs does not yet pose a financial stability risk, but policy action may be required as these activities continue to grow.

Fintech / Regtech

ASEAN Ministers Target AI Governance, Data Protection, Scam Prevention

By Ranamita Chakraborty | 05/02/2024

The ASEAN Digital Ministers Meeting launched AI governance and data protection guides with Thailand proposing an anti-online scam working group.

AML / KYC

Multinational Firm Scammed by Deepfake Tech in Hong Kong

By Editors | 05/02/2024

A finance worker was duped in a video call by a deepfake version of his company’s CFO to transfer HKD 200 million.

Fintech / Regtech

FSC Korea Unveils Rule Changes Targeting Cyber Resilience

By Editors | 04/02/2024

The revisions will make the existing rules simpler and less prescriptive, allowing financial firms more room to make decisions autonomously.

Fintech / Regtech

Taiwan QR Mobile Payment Service Now Available in Korea

By Editors | 01/02/2024

Taiwan travelers with electronic wallets linked to any of 13 financial institutions can pay South Korean merchants by scanning their TWQR code.

ESG / Sustainability

New Climate Risk Data Platform for FIs Goes Live in Taiwan

By Editors | 01/02/2024

The FSC said the platform will help FIs in developing models, disclosing information, conducting scenario analysis, and performing stress tests.