The FCA used a "new analytics-based tool" developed in-house that tests how effective firms are at identifying sanctioned individuals and entities.
The AI tool will be able to detect misselling that may go unnoticed using "rule-based supervision", said SEBI chairperson Madhabi Puri Buch.
GXBank, backed by Grab, Singtel and Kuok Brothers, has become the first digital bank applicant to win approval to commence operations.
The RBI's Shaktikanta Das and T Rabi Sankar said an SRO would be the best way to regulate the fintech industry and establish best practice standards.
The new connectivity will give SGX members greater transparency into their trade give up/ take in process.
The FSS said management awareness of AML work within electronic financial businesses is low; internal controls and risk assessments are deficient.
Key committee outlines 12 challenges related to AI governance, calls for the introduction of a "tightly-focused" AI Bill in the next King’s Speech.
The declaration signals a commitment to collaborate on digitalisation and adopt eBLs, which will enable faster transactions, cost savings, and lowered fraud risks.
New discussion paper seeks views on a recommendation to ban screen scraping in situations where the CDR is a viable alternative.
The update also discusses the FSB's work to address NBFI risks, implement its recommendations on crypto regulations, and respond to climate-related risks.
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