FINTECH / REGTECH

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    Fintech / Regtech

    Model Risk Management at Japan Banks Gaining Sophistication: FSA

    By Manesh Samtani | 15/12/2024

    The FSA says FIs should continue refining their model risk management frameworks, prioritising AI-specific models.

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    Fintech / Regtech

    FSC Korea to Build Platform to Enable FIs to Use Open Source AI

    By Manesh Samtani | 13/12/2024

    The FSC said it will build a platform that provides open source AI models and data with performance and safety suitable for the financial sector.

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    Crypto / Digital Assets

    ICMA Publishes Guidance on DLT Based Debt Securities

    By Editors | 13/12/2024

    The guide highlights considerations for the end-to-end lifecycle of DLT-based debt securities, intended to promote wider adoption of tokenised assets.

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    AML / KYC

    Google and Swift Collaborate to Combat Payments Fraud

    By Thisanka Siripala | 13/12/2024

    The initiative follows a successful pilot with financial institutions across Europe, North America, Asia and the Middle East.

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    Market Infrastructure

    FSB Finalises Recommendations on Cross-border Payments

    By Manesh Samtani | 13/12/2024

    The recommendations aim to promote global alignment in legal, regulatory and data frameworks relevant to cross-border payments.

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    Fintech / Regtech

    New Zealand FMA to Launch Regulatory Sandbox Pilot in 2025

    By Editors | 12/12/2024

    The FMA is inviting expressions of interest from firms interested in joining the sandbox pilot, which will run from January to July 2025.

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    AML / KYC

    AUSTRAC Gifts TAIPAN Technology System to PNG’s FIU

    By Thisanka Siripala | 12/12/2024

    AUSTRAC has now delivered TAIPAN to ten FIUs across the Pacific, enabling them to identify suspicious financial patterns indicative of illicit activity.

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    Fintech / Regtech

    RBI to Form Dedicated Committee to Develop Framework for AI

    By Editors | 11/12/2024

    The committee of experts shall recommend a “robust, comprehensive, and adaptable AI framework” for the financial sector, the RBI said.

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    Enforcement

    US Regulator Places Google Payment Corp Under Supervision

    By Thisanka Siripala | 11/12/2024

    Google Payment Corp says the consumer complaints cited by the CFPB are based on a discontinued service that no longer poses a risk.

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    Capital / Liquidity

    RBNZ Publishes Results of ‘Digital Cash’ Consultation

    By Sanday Chongo Kabange | 11/12/2024

    If ‘digital cash’ is introduced, the earliest it would be is 2030. The RBNZ confirmed that issuing physical cash would remain a priority.

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