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Fintech / Regtech
Market Infrastructure
FSS Korea Unveils New Initiatives to Boost Industry’s Cyber Resilience
By Editors | 19/03/2024
The FSS will establish an “autonomous security system” that FIs will be able to use to conduct IT audits and self-inspections to identify security threats.
Fintech / Regtech
S. Korea Preparing Draft Artificial Intelligence Law: Official
By Editors | 19/03/2024
The draft law will define “high-risk AI”, business operator responsibilities, the composition of AI committees, and ethical principles.
Market Infrastructure
FSB Updates Guidance on Operational Continuity in Resolution
By Manesh Samtani | 19/03/2024
A supplementary note was added to address today’s dependencies on third-party providers for critical shared services, and the digitalisation of such services.
Enforcement
US SEC Fines Two Investment Advisers for AI Washing
By Editors | 19/03/2024
“Investment advisers should not mislead the public by saying they are using an AI model when they are not,” said the SEC’s Gary Gensler.
Fintech / Regtech
Microsoft, Amazon Suspend Russian Access to Cloud Products
By Editors | 18/03/2024
The move is a response to the EU’s 12th package of Russia sanctions, which prohibits companies from supplying enterprise or design software to companies in Russia.
Fintech / Regtech
China UnionPay Launches Project to Optimise Payment Services
By Editors | 18/03/2024
China UnionPay will spend CNY 3 billion on acceptance terminal upgrades, signage placement and publicity in key cities.
ESG / Sustainability
UNDP, MAS, GLEIF Launch Whitepaper on Project Savannah
By Ranamita Chakraborty | 18/03/2024
The whitepaper details Project Savannah’s goals and strategy for empowering MSMEs in sustainability reporting through three key pillars.
Fintech / Regtech
HKMA Launches Second Phase of e-HKD Testing
By Sanday Chongo Kabange | 15/03/2024
Phase 2 will focus on programmability, tokenisation and atomic settlement, leveraging the ‘Project Ensemble’ sandbox.
ESG / Sustainability
BIS Project to Address Scarcity of Scope 3 Data
By Manesh Samtani | 15/03/2024
Project Symbiosis aims to address the lack of comprehensive emissions data from SMEs that are part of larger supply chains.
Fintech / Regtech
Artificial Intelligence Act Passed by European Parliament
By Mark Johnston | 15/03/2024
Members of Parliament voted to adopt the final text of the EU AI Act, which will seek to promote AI innovation while also defending against risks.
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