Fintech / Regtech

AML / KYC

Use of AI for AML Could Lower Effectiveness: Report

By Bradley Maclean | 14/03/2024

A new report from NICE Actimize and Regulation Asia sheds light on APAC’s use of technology to fight financial crime.

Fintech / Regtech

JPX Launches AI Service for TSE Company Insights

By Mark Johnston | 13/03/2024

JPX has unveiled a new AI service that can provide more detailed insights into Tokyo Stock Exchange listings.

AML / KYC

HKMA to Establish Regulatory Sandbox for Stablecoin Issuers

By Sanday Chongo Kabange | 13/03/2024

The HKMA will use the sandbox to communicate supervisory expectations and guidance on the issuance of fiat-referenced stablecoins in Hong Kong.

Crypto / Digital Assets

Major FIs Conclude Blockchain Pilot on Canton Network

By Editors | 13/03/2024

Dozens of participating FIs settled transactions across 22 different permissioned blockchains that were connected to the Canton Network.

Fintech / Regtech

BSP Studying Impact of Generative AI on Banking Industry

By Sanday Chongo Kabange | 12/03/2024

The BSP is seeking to introduce  ‘guardrails’ to mitigate potential risks associated with the use of Gen AI in the banking industry.

AML / KYC

Singapore’s COSMIC Initiative Will Prioritise Consumer Safeguards

By Nithya Subramanian | 12/03/2024

COSMIC, launching in May, requires banks to implement a number of safeguards to protect legitimate customers from having their information shared.

Fintech / Regtech

BOE to Move Data & Analytics Platform to the Cloud

By Editors | 11/03/2024

The move is part of a modernisation programme that will also involve a “controlled set of pilots” of AI tools across the BOE.

Fintech / Regtech

RBI Tightens Rules for Debit and Credit Card Issuers

By Ajoy K Das | 11/03/2024

Card issuers are now required to put in place mechanisms to monitor the end use of funds for credit cards linked to business accounts.

Market Infrastructure

China Makes More Improvements to Payments Services for Foreigners

By Editors | 11/03/2024

The State Council released new guidelines. Alipay and WeChat Pay teamed up with NetsUnion Clearing Corp to optimise the use of foreign bank cards in China.