Fintech / Regtech

ESG / Sustainability

Hong Kong Forms New Committee to Advance Green Agenda

By Sanday Chongo Kabange | 27/06/2023

The committee will advance Hong Kong’s green technology and finance ambitions and enhance cooperation with GBA cities.

Fintech / Regtech

MAS Releases Guidelines for Responsible AI-use in FIs

By Karen Ng | 27/06/2023

Singapore’s financial regulator also released an open-source toolkit for FIs to carry out assessment methodologies for FEAT (fairness, ethics, accountability and transparency) principles.

Fintech / Regtech

FSA, BOJ Offer Update on Joint Data Collection Project

By Mark Johnston | 26/06/2023

In the second half of fiscal 2023, regulators will use the new platform to start collecting “highly granular data on corporate lending” in stages, the FSA said.

ESG / Sustainability

Swiss Financial Institutions to Beta Test NZDPU

By ESG Investor | 26/06/2023

The NZDPU intends to provide an open, free, and centralised repository for net-zero climate transition data.

AML / KYC

UK Banks to Pilot AML Data Sharing from October – Report

By Editors | 26/06/2023

One pilot will allow banks to share data if they suspect financial crime. Another pilot will involve the launch of a database for suspected economic crime.

AML / KYC

ABS Launches New Registry to Counter Trade Finance Fraud

By Manesh Samtani | 25/06/2023

Participating banks can register new trade financing transactions and receive real-time notifications if instances of duplication are detected.

Fintech / Regtech

Korea ‘Financial AI Data Library’ to Start Operations in July

By Sanday Chongo Kabange | 24/06/2023

The Financial AI Data Library allows the reuse of pseudonymous information in a secure environment, which will help fintechs and financial firms save time and cost.

ESG / Sustainability

MAS Partners UNDP, GLEIF to Digitise ESG Credentials for MSMEs

By Ranamita Chakraborty | 23/06/2023

Project Savannah will establish a common framework of ESG metrics for MSMEs, enabling them to meet the UN SDGs and facilitate their access to cross-border opportunities.

Fintech / Regtech

BSP Introduces Open Finance Pilot to Advance Financial Inclusion Objectives

By Ranamita Chakraborty | 23/06/2023

The pilot involves participation from FIs to co-develop an “open, interoperable, and scalable ecosystem”, supported by the BSP and IFC.