FINTECH / REGTECH

Fintech / Regtech

APRA Issues Guidance to Address Cyber Control Weaknesses

By Sanday Chongo Kabange | 16/08/2024

APRA has identified issues relating to security in configuration management, privileged access management, and security testing.

Fintech / Regtech

ANZ Partners With Microsoft to Launch “AI Immersion Centre”

By Editors | 15/08/2024

ANZ plans to send 3,000 leaders through the facility over the next year to upskill them on GenAI and enable them to better support “adoption at scale”.

Fintech / Regtech

NIST Finalises First Three Post-Quantum Encryption Standards

By Manesh Samtani | 15/08/2024

Each standard contains the computer code and instructions for encryption algorithms that can withstand attacks from a quantum computer.

Fintech / Regtech

MAS Partners with Banks and Tech Firms on Quantum Security

By Nithya Subramanian | 15/08/2024

MAS and participating banks will experiment with “Quantum Key Distribution” solutions to address the cybersecurity threats posed by quantum computing.

Fintech / Regtech

FSC Korea Offers Roadmap for Relaxing Network Separation Rules

By Manesh Samtani | 15/08/2024

Financial institutions will be allowed to use cloud computing and generative AI provided they have adequate security assurance measures in place.

Crypto / Digital Assets

DBS Pilots New Blockchain-Powered Treasury Management Platform

By Nithya Subramanian | 14/08/2024

DBS said Ant International will pilot the platform, reducing the time taken to settle cross-border intra-group transactions to seconds.

Fintech / Regtech

HKMA Launches New GenAI Sandbox at Hong Kong Cyberport

By Sanday Chongo Kabange | 14/08/2024

HKMA CEO Eddie Yue said sandbox will empower banks to pilot their novel GenAI use cases within a risk-managed framework.

Enforcement

ASIC Commences Legal Action Against ASX Over Misleading Statements

By Sanday Chongo Kabange | 14/08/2024

ASIC alleges that ASX’s claims in February 2022 that the CHESS replacement project was tracking to plan were “misleading and deceptive”.

Fintech / Regtech

Taishin Bank Set to Launch Taiwan’s First Responsible AI System

By Ranamita Chakraborty | 14/08/2024

Singapore-based cybersecurity firm OneDegree Global will verify the fairness, security, and privacy protection of Taishin Bank’s AI model.