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Fintech / Regtech
Swift Cross-Border Payment Speeds Ahead of G20 Targets – Report
By Mark Johnston | 22/10/2024
A Swift report says 90 percent of cross-border payments made over its network now reach the destination bank within an hour.
Big Picture
FSB Reports on Progress to Enhance Cross-border Payments
By Manesh Samtani | 22/10/2024
Adoption of the LEI in cross-border payments remains a challenge. Progress toward achieving targets has been limited across wholesale, retail, and remittances.
Fintech / Regtech
Hong Kong’s AI Leap: Exploring the New Model Framework
By Daniel Ng | 22/10/2024
Daniel Ng, Charlton Lin and Gigi Chang discuss the PCPD’s Model Personal Data Protection Framework for AI and the future regulatory landscape for AI and data security in Hong Kong.
Fintech / Regtech
PBOC Forges Ahead with Market Opening, Offshore Use of Yuan
By Editors | 22/10/2024
Lu Lei says the PBOC will stay steadfast on further opening up the market for more foreign participation, and promote the interlinking of payment systems.
Big Picture
BIS Report Offers Considerations for Central Banks on Tokenisation
By Editors | 22/10/2024
The report discusses the opportunities, risks, and policy implications of token arrangements for central banks and the global financial system.
Fintech / Regtech
UK Government Consults on Legislation to Regulate BNPL
By Editors | 21/10/2024
BNPL providers will have to ensure consumers receive clear information, avoid unaffordable borrowing, and have strong rights when issues arise.
Fintech / Regtech
FCA Launches “AI Lab” to Support Financial Sector Innovation
By Manesh Samtani | 20/10/2024
The FCA’s Jessica Rusu said the AI Lab will help firms overcome challenges they face in building and implementing AI solutions.
Fintech / Regtech
NYDFS Issues Guidance on Combatting AI-Related Cyber Risks
By Nithya Subramanian | 18/10/2024
The guidance highlights four key threats arising out of AI and offers recommendations on security controls and mitigation measures.
Fintech / Regtech
Singapore CSA Launches Guidelines for Deploying AI Systems
By Nithya Subramanian | 18/10/2024
New Guidelines and Companion Guide aim to help firms securely adopt AI tech and guide decision-makers on security controls and best practices.
Fintech / Regtech
Wise Granted Approval to Join Japan’s Zengin Network
By Editors | 18/10/2024
Wise is the first non-bank and the first foreign financial company to be granted approval to join the Zengin payment network.
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