AI Risk & Governance

Cloud & Infrastructure

Thailand, Luxembourg Sign MoU on Fintech Innovation

By Editors | 02/08/2021

The MoU provides a framework for cooperation between the SEC and CSSF with respect to promoting innovation in financial services.

Anti-Money Laundering

Fighting Financial Crime with Advanced Technologies

By Ashish Rai | 02/08/2021

AI and machine learning make it easier for firms to spot suspicious behavior and reduce false positives, but adoption is not without challenges, says Ashish Rai.

Conduct, Culture & Accountability

Culture & Conduct Risk: The Normalization of Deviance

By Stephen Scott | 29/07/2021

Many still believe that misconduct can be discovered only after it occurs: a ‘detect and correct’ mindset. Starling’s Stephen Scott says a ‘predict and prevent’ approach is starting to emerge.

KYC & CDD

HKMA Issues Guide for Regtech Adoption in Customer Monitoring

By Manesh Samtani | 27/07/2021

The Guide will help banks assess whether they have the appropriate governance, controls, skills, infrastructure and underlying data to adopt Regtech solutions in ongoing monitoring of customers.

Cloud & Infrastructure

MAS, SFA Launch 2021 SFF Global FinTech Awards

By Ranamita Chakraborty | 22/07/2021

The theme for the 2021 awards is “Emerging from a pandemic, the road to recovery”. The awards will be hosted entirely on API Exchange.

Anti-Money Laundering

Japan Banks to Deploy Shared System for AML/CFT Monitoring

By Manesh Samtani | 22/07/2021

The FSA’s Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.

AI Risk & Governance

China Banking Body Mulls Certification for Fintech Professionals

By Sanday Chongo Kabange | 22/07/2021

The China Banking Association plans to launch a government-approved certification programme for fintech professionals.

AI Risk & Governance

MAS Launches ‘Veritas Challenge’ to Strengthen Trust in AI

By Manesh Samtani | 12/07/2021

MAS invites fintechs, solution providers and FIs to submit innovative solutions to help validate the fairness of AI solutions for selected banking use cases.

Cloud & Infrastructure

PBOC Directs Banks to Enhance Lending Services for MSMEs

By Editors | 12/07/2021

Banks should also increase investment in inclusive fintech including big data, cloud computing and blockchain to improve loan efficiency, the PBOC said.