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Reporting on regulatory approaches, ethical considerations, and risk management for AI technologies deployed in financial services and markets.
Anti-Money Laundering
Risk and Reward: AI Enables Active Financial Crime Risk Assessment
By Daniel Banes | 18/08/2020
Adverse media is openly available, continually updated, and provides a wealth of information, but it remains underused in financial crime risk assessments, writes Daniel Banes.
AI Risk & Governance
MAS Pledges SG$250m to Boost Financial Sector Innovation
By Editors | 13/08/2020
Maximum funding under the POC Grant and AIDA Grant will be increased. Support for large-scale innovation projects and staff training will also increase.
Anti-Money Laundering
Wolfsberg Group Outlines Steps to AML/CTF Effectiveness
By Manesh Samtani | 13/08/2020
FIs should consider adopting technology such as AI and machine learning more widely. The Wolfsberg Group “strongly encourages” participation in PPPs.
Cloud & Infrastructure
EBA Launches Industry Survey on RegTech Adoption
By Editors | 12/08/2020
The EBA is looking to identify the main barriers and risks of using RegTech and potential ways to support its uptake across the EU.
Cloud & Infrastructure
StanChart to Move Core Systems to Cloud in 3 Years
By Editors | 12/08/2020
Core banking and trading systems, and new digital ventures such as virtual banking and banking as-a-service, will be cloud-based by 2025 subject to regulatory approvals.
Cloud & Infrastructure
MAS to Set Up Regional Digital Finance Institute
By Sanday Chongo Kabange | 06/08/2020
The Asia Institute of Digital Finance will be jointly operated by MAS, the National Research Foundation and the National University of Singapore.
Trading & Investment
APAC Firms Lag in IBOR Transition Preparation – Report
By Manesh Samtani | 05/08/2020
Apart from G-SIBs operation in the region, APAC firms are not prepared for the transition away from IBORs, according to a new report from Sia Partners.
Operational Risk
UOB Launches Training Programme to Address Transformation in Finance
By Editors | 05/08/2020
The UOB Finance Academy will allow participants to deepen their knowledge in areas such as risk management, regulation, liquidity management and data analytics.
Market Abuse
FMSB Publishes Spotlight Review on Market Surveillance
By Sanday Chongo Kabange | 04/08/2020
The Spotlight Review looks at current and future challenges that FICC market participants face in market surveillance and the impact of machine learning.
Cloud & Infrastructure
The Impact of Covid-19 on Fintech: Call for Response
By Editors | 04/08/2020
The Cambridge Centre for Alternative Finance, World Bank Group and World Economic Forum are calling for input on the impacts of Covid-19 on the fintech industry.
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