Fintech / Regtech

Fintech / Regtech

China Unveils Global AI Governance Initiative at Belt and Road Forum

By Editors | 20/10/2023

The initiative emphasises equal rights for all countries and regions in the development and governance of AI technologies.

Fintech / Regtech

India to Add More Banks to Singapore Payments Linkage – Report

By Sanday Chongo Kabange | 19/10/2023

India and Singapore are planning to expand the number of Indian banks participating in the PayNow-UPI linkage launched in February.

AML / KYC

Singapore Prosecutors Establish Technology and Crypto Crime Task Forces

By Editors | 19/10/2023

Singapore’s Attorney General’s Chambers has established a Technology Crime Task Force and Virtual Currency Task Force.

Fintech / Regtech

MAS to Cooperate with Saudi Central Bank on Fintech

By Editors | 19/10/2023

MAS and SAMA will enable cooperation between their innovation departments and share information regarding fintech.

Fintech / Regtech

Taiwan FSC Issues Core Principles and Policies on the Use of AI

By Manesh Samtani | 18/10/2023

The FSC has also started developing regulatory guidelines on the use of AI in the financial industry, which will be completed by year-end.

Fintech / Regtech

Kakao Faces Possible Class Action Over Data Centre Fire

By Mark Johnston | 18/10/2023

Lawyer says Kakao owes compensation to users of its platforms who were affected by a fire at its data centre last year.

Enforcement

Japan FSA Orders Report Explaining Zengin-Net Outage

By Sanday Chongo Kabange | 18/10/2023

Zengin-Net has to produce a report explaining last week’s outage and measures taken to prevent a recurrence.

Fintech / Regtech

US, Singapore to Deepen Collaboration on Responsible AI Innovation

By Editors | 17/10/2023

The US and Singapore completed a joint mapping exercise to make their AI governance frameworks interoperable.

Fintech / Regtech

FSC Korea Forms New “Financial Safety Department”

By Sanday Chongo Kabange | 16/10/2023

The new department will be dedicated to enhancing financial security and information protection in digital finance.