Fintech / Regtech

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    AML / KYC

    Singapore Passes Bill to Enable Data Sharing via COSMIC

    By Editors | 09/05/2023

    COSMIC will be rolled out in phases starting from H2 2024, enabling banks to alert one another about illicit activity involving their customers.

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    AML / KYC

    HKMA Calls for Broader Adoption of Network Analytics by Banks

    By Manesh Samtani | 09/05/2023

    Around 60 percent of retail banks in Hong Kong are now deploying network analytics. Some are using this capability to file “super STRs”.

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    Fintech / Regtech

    BIS to Test Quantum Resistant IT Environments for Financial System

    By Editors | 09/05/2023

    “Project Leap” will test the ability of a quantum-resistant algorithm to maintain the confidentiality of payment messages transmitted between Banque de France and Deutsche Bundesbank.

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    Fintech / Regtech

    Indonesia, Malaysia Expand Cross-Border QR Payment Link

    By Editors | 08/05/2023

    The linkage will provide “faster, cheaper, more transparent and more inclusive cross-border payments”, said Bank Indonesia governor Perry Warjiyo.

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    Fintech / Regtech

    AI Ethics: A Framework for Investment Professionals

    By Siva Ramachandran | 06/05/2023

    CFA Institute’s Siva Ramachandran and Phoebe Chan examine the ethical aspects of using AI tools in investment management.

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    Fintech / Regtech

    UK CMA Commences Review of AI Models

    By Sanday Chongo Kabange | 05/05/2023

    The CMA’s initial review will explore the opportunities and risks AI models could bring for competition and consumer protection.

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    Fintech / Regtech

    RBI, BIS Launch G20 TechSprint Focusing on Cross-border Payments

    By Editors | 05/05/2023

    The 2023 TechSprint will focus on technology solutions to address illicit finance risk, FX and liquidity solutions, and technology for CBDC platforms.

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    Fintech / Regtech

    G7 Ministers Outline Actions to Contain AI Risks

    By ESG Investor | 03/05/2023

    Ministers endorsed an AI action plan for “promoting global interoperability between tools for trustworthy AI”.

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    Fintech / Regtech

    Hong Kong Virtual Banks Saw Narrower Losses in 2022 – Report

    By Editors | 02/05/2023

    ZA Bank and Mox Bank have the largest customer bases. None of the eight virtual banks are profitable yet, but their losses have mostly narrowed.

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    Fintech / Regtech

    Singapore Fintechs to Get Support for Australia Expansion

    By Editors | 02/05/2023

    The SFA and Austrade signed an MoU that will help fintechs expand across borders. Support will be provided by Enterprise Singapore, HSBC and AWS.

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