AI Risk & Governance

AI Risk & Governance

SEBI Proposes Reforms to Make Firms Responsible for AI Use

By Nithya Subramanian | 19/11/2024

SEBI is proposing amendments that will make MIIs, intermediaries and other regulated entities accountable for their use of AI/ML tools.

AI Risk & Governance

FSB Flags Growing Risks of AI Adoption in Financial Services

By Thisanka Siripala | 19/11/2024

New FSB report identifies AI-related vulnerabilities in the financial sector that can potentially increase systemic risk.

AI Risk & Governance

APAC Regulatory Environment for GenAI Needs to Remain Flexible

By Eugene Goyne | 15/11/2024

As the use cases for GenAI in the financial sector grow, regulators will play a critical role in how GenAI applications are shaped and brought to market.

AI Risk & Governance

EU Commission Seeks Input on AI Systems That Should be Banned

By Mark Johnston | 15/11/2024

The EU Commission’s AI Office is consulting on the AI system definition and the specific use cases that should be banned due to potential harm.

Fraud, Scams & Cybercrime

New FinCEN Alert Offers Guidance on Detecting AI Deepfakes

By Editors | 15/11/2024

The alert explains typologies and provides red flag indicators to assist in identifying fraud schemes that leverage deepfake media created with GenAI tools.

AI Risk & Governance

HK SFC Sets Expectations on Use of GenAI Language Models

By Manesh Samtani | 14/11/2024

Licensed corporations intending to adopt GenAI language models in “high-risk use cases” are asked to discuss their plans with the SFC first.

AI Risk & Governance

Unlocking the Potential of AI in Financial Crime Compliance

By Bradley Maclean | 14/11/2024

New research explores the potential of AI in financial crime compliance, highlighting pressing pain points and offering a roadmap for adoption.

Fraud, Scams & Cybercrime

Feedzai Wins Best Use of AI for Fraud and Financial Crime Prevention

By Editors | 11/11/2024

Feedzai’s RiskOps was awarded Best Use of AI for Fraud and Financial Crime Prevention by a technology vendor at the 7th Regulation Asia Awards for Excellence 2024.

Fraud, Scams & Cybercrime

Taiwan Showcases Financial Sector’s New Anti-Fraud Tech Projects

By Editors | 07/11/2024

The initiatives include a joint learning project aimed at enhancing the accuracy of fraud detection models, and the use of telco data to help identify payment and remittance fraud.