Trending

Fintech / Regtech

RBI Committee Proposes AI Governance Framework for Financial Sector

By Sanday Chongo Kabange | 15/08/2025

High-level committee calls for mandatory board policies, AI audits, and public disclosures to govern the use of artificial intelligence.

Market Infrastructure

Malaysia Launches Cloud Computing Policy, Data Sovereignty Rules

By Sanday Chongo Kabange | 14/08/2025

Malaysia’s new framework requires critical data to be stored in-country and calls for CSPs to develop tailored security guidelines that align with BNM's RMiT policy.

Sanctions

China Sanctions Two Lithuanian Banks in Retaliation for EU Measures

By Manesh Samtani | 14/08/2025

The move bans Chinese entities from dealing with the two banks and follows EU sanctions on two Chinese lenders over Russia-related activities.

Trending

RBI Mandates Continuous Cheque Clearing with Hourly Settlements

By Manesh Samtani | 14/08/2025

The new system, rolling out from 4 October, will replace the current batch process and require banks to confirm cheques within hours or face deemed approval.

Fintech / Regtech

Taiwan Launches New Platforms to Bolster Anti-Fraud Fight

By Manesh Samtani | 14/08/2025

The initiatives include a new communication platform for banks and police, as authorities report a significant drop in financial fraud losses.

Capital / Liquidity

China Rolls Out Loan Subsidies for Consumers and Businesses

By Manesh Samtani | 13/08/2025

Regulators will offer state-funded interest subsidies on personal consumer loans and business loans in key service sectors to stimulate the economy.

Trending

South Korea's Do Kwon Pleads Guilty to US Fraud Charges

By Manesh Samtani | 13/08/2025

The plea from the South Korean national follows the USD 40 billion collapse of his Singapore-based firm’s algorithmic stablecoin in 2022.

AML / KYC

Singapore Appoints Deloitte to Liquidate Assets in SG$3b Money Laundering Case

By Editors | 13/08/2025

The move follows the imposition of millions in penalties on financial institutions and a raft of new AML legislation.

Sanctions

US Sanctions Hong Kong Firms Over DRC Conflict Minerals Trade

By Manesh Samtani | 13/08/2025

Two Hong Kong-based export companies have been designated for their alleged role in a supply chain linked to an armed group.