AI Risk & Governance

AI Risk & Governance

Fintech Week: HKMA Announces New Fintech Initiatives

By Manesh Samtani | 07/11/2019

As part of an ecosystem approach to fintech development, HKMA chief Eddie Yue wants to work with FIs, end users and technology firms to drive innovation in financial services.

Cloud & Infrastructure

FTAHK, AFIN Agree to Collaborate to Support API Exchange

By Editors | 07/11/2019

AFIN and FTAHK will collaborate on initiatives to support the development of financial innovations on APIX, an online marketplace and sandbox for cross-border fintech services.

AI Risk & Governance

HKMA Emphasises Consumer Protection in Big Data Analytics, AI Use

By Editors | 06/11/2019

New HKMA guidance for banks using big data analytics and AI applications focuses on four major areas: governance and accountability; fairness; transparency and disclosure; and data privacy and protection.

AI Risk & Governance

PBOC Unveils 40 Measures to Develop Shanghai Fintech Sector

By Editors | 04/11/2019

Among the key measures announced by PBOC Shanghai is the possible introduction of a regulatory sandbox, drawing on international practice.

AI Risk & Governance

HKMA Offers High-level Guidance for Banks on AI Use

By Editors | 02/11/2019

The high-level principles cover governance, application design and development, and ongoing monitoring and maintenance of banks’ AI applications.

Anti-Money Laundering

ACIP Workshop: Key Challenges to Deploying AML Data Analytics

By Editors | 28/10/2019

The workshop participants discussed two of the key challenges to implementing data analytics systems to fight financial crime – explainability and governance.

Conduct, Culture & Accountability

Regulatory Data: Arrows for the Quiver?

By Hannah Cassidy | 25/10/2019

Banks need to be cognisant of how the data they provide to regulators is being used, says Herbert Smith Freehills in its 2019 Global Bank Review.

AI Risk & Governance

Suptech Gains Momentum but Approaches Vary: FSI Paper

By Editors | 23/10/2019

Suptech use cases have mainly clustered around misconduct analysis, reporting and data management, according a new paper from the BIS Financial Stability Institute.

Anti-Money Laundering

Technology Offers New Means to Fight Financial Crime: MAS

By Manesh Samtani | 17/10/2019

At the ICA’s 2nd Annual APAC Conference this week, MAS assistant managing director Loo Siew Yee talked about the new techniques being used to improve AML/CFT detection and risk mitigation.