Fintech / Regtech

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.

Market Infrastructure

FSB Proposes Common Format for Reporting Operational Incidents

By Editors | 18/10/2024

The FSB has published for consultation a common format which can be used by financial firms to report operational incidents.

Fintech / Regtech

UnionPay to Enable Cross-Border QR Payments for Vietnam

By Mark Johnston | 18/10/2024

Users of Vietnamese banking apps and e-wallets will be able to scan UnionPay QR codes for payments in the mainland.

Fintech / Regtech

HKMA Publishes Research on GenAI in the Financial Sector

By Editors | 30/09/2024

HKMA survey of industry practitioners found that most FIs are currently focusing on internal applications of GenAI to drive employee productivity.

Crypto / Digital Assets

Hong Kong Working “Full Steam Ahead” on Stablecoin Legislation

By Sanday Chongo Kabange | 30/09/2024

The FSTB and the HKMA will “strive” to introduce draft legislation for Hong Kong’s stablecoin regulatory regime by end 2024.

Fintech / Regtech

HKMA Issues New Guidance Responding to Crowdstrike Outage

By Sanday Chongo Kabange | 30/09/2024

The HKMA offers guidance to authorised institutions on enhancing their operational resilience against the failure of third-party IT solutions.