Fintech / Regtech

Market Infrastructure

US Launches Instant Payments Service, FedNow

By Editors | 21/07/2023

35 early-adopting banks and credit unions are ready with instant payments capabilities via FedNow, and 16 additional service providers are supporting payment processing.

Securities / Derivatives

SEBI Mandates Automated Trading Controls for Insiders

By Ranamita Chakraborty | 21/07/2023

India’s securities regulator is ensuring that insiders, also known as designated persons, from listed companies cannot trade during sensitive periods.

Fintech / Regtech

Korea FSC Designates Eight More ‘Data Specialising Institutions’

By Sanday Chongo Kabange | 19/07/2023

The newly designated firms are allowed to converge anonymised and pseudonymised data from different businesses for analytics purposes.

Big Picture

AI Regulatory Sandboxes Need Cooperation and Expertise: OECD

By Ranamita Chakraborty | 19/07/2023

A recent OECD report on AI regulatory sandboxes highlights important policy considerations that emphasises the need to build AI regulatory expertise and interdisciplinary cooperation.

Fintech / Regtech

Philippines: Banks See Shift to XML-based Reporting as Beneficial, Despite Challenges

By Manesh Samtani | 19/07/2023

BSP officials and members of the banking community attended a Regulation Asia-Adenza roundtable to discuss new XML-based reporting requirements in the Philippines.

Fintech / Regtech

Chinese Authorities Release New Rules for Providers of Generative AI Services

By Editors | 19/07/2023

The rules require training data to be accurate, generated content to be properly labelled, security assessments to be performed, and channels for complaints reporting to be established.

Fintech / Regtech

US SEC Working on Rule Proposals to Mitigate Risks from AI

By Editors | 18/07/2023

SEC chairman Gary Gensler said AI could heighten financial fragility and promote herding behaviour among investors.

Uncategorised

Industry Working Group Opens Consultation on IVMS101 Enhancements

By Editors | 18/07/2023

The working group was formed in April and has met five times since to consider and approve revisions to the IVMS101 standard.

Fintech / Regtech

UNSC Hosts First-Ever Session on Artificial Intelligence

By Editors | 18/07/2023

UK Foreign Secretary James Cleverly called for urgent international cooperation in shaping the governance of AI.