FINTECH / REGTECH

Fintech / Regtech

China Issues Action Plan for Further Developing Digital Finance

By Editors | 30/11/2024

FIs are directed to designate a leading department for digital transformation and improve the quality and efficiency of digital financial services.

Fintech / Regtech

HKUST Launches New GenAI Platform for Financial Sector

By Sanday Chongo Kabange | 29/11/2024

HKUST’s new InvestLM, designed to support the financial services industry, is available through the HKMA’s GenAI Sandbox.

Fintech / Regtech

New Association Launches in Hong Kong to Advance AI Adoption

By Sanday Chongo Kabange | 28/11/2024

The new association seeks to advance the development, adoption, commercialisation and use of AI across Hong Kong.

Crypto / Digital Assets

UK FCA Unveils Plans for Crypto Regulation, Tokenisation

By Manesh Samtani | 28/11/2024

Several discussion papers and consultations will be issued between now and early 2026. The new crypto regime will go live within 2026.

Fintech / Regtech

UK Regulators Find Widespread Use of AI in Financial Sector

By Thisanka Siripala | 27/11/2024

75 percent of UK financial services firms already using AI in some capacity, but reliance on a small number of third-party providers raises concerns.

Fintech / Regtech

Australia Consults on Expanding CDR Regime to Non-Bank Lending

By Sanday Chongo Kabange | 27/11/2024

The proposed draft rules will allow consumers to share their bank data with non‑bank lenders for products like residential mortgages and car loans.

Fintech / Regtech

Japan FSA Using AI to Streamline Operations and Improve Efficiency

By Thisanka Siripala | 26/11/2024

The FSA introduced a system that can quickly search through documents held by different departments and then summarise their contents.

Fintech / Regtech

IOSCO Publishes Final Guidance on Post Trade Risk Reduction Services

By Manesh Samtani | 26/11/2024

The guidance addresses risks relating to control and governance around algorithms, fair treatment of participants, data protection, and other areas.

Fintech / Regtech

EU Cyber Resilience Act Published in Official Journal

By Thisanka Siripala | 23/11/2024

Non-compliance can result in fines up to 2.5 percent of the offender’s total worldwide annual turnover for the preceding financial year.