FINTECH / REGTECH

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    Fintech / Regtech

    Goldman Sachs to Make GS DAP Platform “Industry-owned”

    By Nithya Subramanian | 22/11/2024

    Goldman will establish a new, standalone company to spin out GS DAP so that it can be used by more participants to interoperate seamlessly.

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    Fintech / Regtech

    EU and Singapore Strengthen Cooperation on AI Safety

    By Nithya Subramanian | 21/11/2024

    The US also launched the “International Network of AI Safety Institutes” to drive alignment and encourage safe, secure, and trustworthy AI innovation around the world.

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    Fintech / Regtech

    IAIS Publishes Paper on Supervision of AI in Insurance Sector

    By Editors | 21/11/2024

    The paper aims to support supervisors when applying the Insurance Core Principles to promote appropriate and globally consistent oversight of the use of AI within the insurance sector.

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    Fintech / Regtech

    EU Publishes Draft Code of Practice for General-Purpose AI

    By Thisanka Siripala | 20/11/2024

    The draft Code of Practice sets out 22 measures for providers of general-purpose AI models, aiming to foster accountable and human-centric AI development.

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    Fintech / Regtech

    BIS Launches GenAI Project to Improve ‘Inflation Nowcasting’

    By Manesh Samtani | 20/11/2024

    Project Spectrum will use GenAI to automatically categorise billions of individual product descriptions and price observations to improve inflation nowcasting.

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    Capital / Liquidity

    FSB Urges G20 Leaders to Fully Implement Agreed Reforms

    By Mark Johnston | 20/11/2024

    FSB Chair Klaas Knot emphasises the importance of addressing financial system vulnerabilities, including through the full and timely implementation of agreed reforms.

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    Fintech / Regtech

    Australia Sets Out Roadmap for Ending Cheque Use

    By Sanday Chongo Kabange | 19/11/2024

    Cheques will stop being issued by mid-2028 and stop being accepted on 30 September 2029.

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    Fintech / Regtech

    RBI to Launch Public Cloud for Financial Services Industry

    By Editors | 19/11/2024

    The RBI programme will use only local IT firms to offer cloud data storage to financial firms at affordable prices.

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    Enforcement

    ASX Files Defence in ASIC’s Misleading Statements Case

    By Sanday Chongo Kabange | 19/11/2024

    CEO Helen Lofthouse said there was a “reasonable basis” for the statements ASX made about the CHESS replacement project’s progress on 10 February 2022 and it did not breach the law.

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    Fintech / Regtech

    SEBI Proposes Reforms to Make Firms Responsible for AI Use

    By Nithya Subramanian | 19/11/2024

    SEBI is proposing amendments that will make MIIs, intermediaries and other regulated entities accountable for their use of AI/ML tools.

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