Fintech / Regtech

Fintech / Regtech

Taiwan Reports Progress on Industry Use of Digital Identity Solutions

By Mark Johnston | 07/01/2024

The FSC said the financial industry is gradually introducing digital identity verification solutions following the issuance of new guidelines in October.

Fintech / Regtech

Large Language Models Can’t Yet be Used for ‘Highstakes’ Analysis: BIS

By Manesh Samtani | 06/01/2024

Current large language models like GPT-4 do not yet have the “rigorous reasoning abilities necessary for some core analytical activities”.

Fintech / Regtech

Korea to Launch AI-based Advertising Surveillance System

By Manesh Samtani | 05/01/2024

The new system will use an AI to automatically identify illegal financial advertisements and automate requests to block them.

Fintech / Regtech

RBI Offers 10-Point Checklist for AI Deployment in Banking

By Ajoy K Das | 04/01/2024

M Rajeshwar Rao said the banking sector needs to address concerns over the fairness, transparency and governance or AI models.

Fintech / Regtech

Taiwan: FSC Drafts Guidelines for FIs on the Use of AI

By Editors | 01/01/2024

The guidelines are based on the six core principles released in October to promote responsible AI innovation in the financial industry.

Fintech / Regtech

Indonesia OJK Issues New Rules to Support Banking Digitalisation

By Mark Johnston | 30/12/2023

The new regulations aim to provide a level playing field and guidance for banks in developing digital services and assessing digital maturity.

AML / KYC

Korean Banks Set to Start Compensating Customers for Fraud Losses

By Manesh Samtani | 28/12/2023

From 1 January 2024, customers who suffer losses from unauthorised electronic financial transactions will be able to seek compensation from banks.

Fintech / Regtech

HKMA Issues Guidance on Managing Cyber Risk of Third-Parties

By Mark Johnston | 27/12/2023

Banks are asked to use scenario-based incident response strategies and regular drills to better prepare for supply chain attacks.

Fintech / Regtech

Cambodia, China Launch Cross-border QR Payment Link

By Editors | 27/12/2023

Visitors from China can use UnionPay-enabled mobile apps to scan KHQR codes in Cambodia. By early 2024, Cambodian residents will be able to use their Bakong wallets in China.