Fintech / Regtech

Enforcement

Bank of England and FCA Consider Avoiding Regulatory Definition for AI

By Editors | 31/10/2023

Following industry feedback on the role of AI in finance, UK regulators to address wide ranging concerns including data regulation.

Fintech / Regtech

Hong Kong FSTB Launches GBA Fintech Internship Scheme

By Editors | 31/10/2023

The scheme aims to nurture fintech talent by allowing post-secondary students to gain practical experience at fintech firms across the Greater Bay Area.

Uncategorised

MAS Unveils Proposals to Tackle Mobile Malware and AI Threats

By Editors | 31/10/2023

As financial institutions increasingly turn to GenAI to refine their operations, the  CSAP underscored the urgency of strengthening cyber defences.

Crypto / Digital Assets

MAS Establishes Project Guardian Policymaker Group

By Editors | 30/10/2023

MAS will work with Japan’s FSA, the UK’s FCA and Switzerland’s FINMA to advance the development of tokenised digital assets.

Crypto / Digital Assets

HKMA Unveils Findings from 1st Phase of e-HKD Pilot

By Manesh Samtani | 30/10/2023

Another pilot will take place next year, potentially exploring corporate payments, cross-border payments, and blockchain interoperability.

Crypto / Digital Assets

BIS Publishes Design Guide for Offline CBDC Payments

By Editors | 30/10/2023

The report says the complexity of developing offline payment capabilities for CBDC systems means some challenges and trade-offs cannot be solved easily.

Fintech / Regtech

RBI Releases Draft Master Directions on Managing Outsourcing Risks

By Ajoy K Das | 27/10/2023

The draft makes clear that regulated entities may not outsource core management functions, such as decision-making functions like loan approvals.

Fintech / Regtech

BSP Set to Launch Pilot Testing for New ITRS

By Sanday Chongo Kabange | 27/10/2023

The BSP has started sending banks XML schema definitions for its new International Transactions Reporting System.

AML / KYC

Taiwan FSC Issues New Digital Identity Verification Guidelines

By Editors | 27/10/2023

The guidelines will make it easier for financial institutions to implement new identity verification mechanisms and scenarios.