AI Risk & Governance

Cloud & Infrastructure

Korea Eases Fintech Investment Rules for Financial Firms

By Editors | 05/09/2019

Under new guidelines, rules limiting how much financial firms can invest in non-financial sector tech firms will be lifted, and investment will be allowed in a wider range of fintech firms.

AI Risk & Governance

India Government Panel Pushes for Fintech, Regtech Adoption

By Editors | 04/09/2019

The panel has also proposed the development of a marketplace model for P2P lending, and the introduction of virtual banking in India.

Credit Risk

HKMA Allows Lenders to Expand Use of Tech in Retail Lending

By Editors | 30/08/2019

The HKMA is allowing lenders to further develop business involving the use of innovative financial technology to assess and approve personal loan applications.

Supervision & Enforcement

ASIC Focuses on Misconduct in Four-Year Corporate Plan

By Editors | 29/08/2019

ASIC will expand its use of behavioural sciences, data and technology and position itself as a more strategic and agile regulator.

AI Risk & Governance

China to Accelerate Development of Fintech Regulatory Framework

By Editors | 27/08/2019

The PBOC said it will accelerate the development of a regulatory framework for fintech in a bid to promote China as a world leader in financial technology.

Anti-Money Laundering

NTU Singapore to Develop New Tools to Fight Money Laundering

By Editors | 22/08/2019

Supported by the MAS and Singapore’s major banks, the project seeks​ to help wealth managers address money laundering risks with new AI and machine learning capabilities.

Conduct, Culture & Accountability

Regulatory Trends: Behavioural Science in Culture & Conduct Supervision

By Stephen Scott | 15/08/2019

Regulators are adopting behavioural science tools pioneered by the Dutch central bank in their supervisory efforts, and firms are taking notice, says Stephen Scott at Starling.

AI Risk & Governance

FSC Korea Set to Authorise First Robo Fund Manager, Shinhan AI

By Editors | 12/08/2019

The FSC has granted approval to Shinhan AI to operate as an investment consulting service, and is expected to soon grant it an asset management licence.

Cloud & Infrastructure

MAS Launches Faster Option Sandbox Testing

By Editors | 08/08/2019

Sandbox Express entails an approval process of just 21 days before firms can start testing innovative financial products and services in a pre-determined environment.