Fintech / Regtech

Fintech / Regtech

US Regulator to Crack Down on ‘Time-wasting’ Chatbots Used by FIs

By Editors | 17/08/2024

The CFPB will issue rules or guidance to regulate the use of “ineffective and time-wasting chatbots” by FIs in lieu of customer service.

Fintech / Regtech

Japan FSA to Start Using AI for Monitoring Soundness of FIs

By Editors | 17/08/2024

The new system is being put in place to speed up the detection of issues in the financial system and help prevent financial crises and bank failures.

Fintech / Regtech

Vietnam: HoSE Launches New Reporting System for Listed Companies

By Editors | 16/08/2024

HoSE emphasised the importance of ensuring submissions are accurate, comprehensive, and comply with reporting specifications.

Fintech / Regtech

Korea: FSS Probe Reveals Data Sharing Breaches by KakaoPay

By Nithya Subramanian | 16/08/2024

The FSS found that KakaoPay shared personal and credit information of tens of millions of users with Alipay without their consent.

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.