AI Risk & Governance

Conduct, Culture & Accountability

BNM Updates Policy to Ensure Fair Treatment of Vulnerable Consumers

By Sanday Chongo Kabange | 30/03/2024

The revised policy document introduces specific requirements for financial service providers on the fair treatment of vulnerable consumers.

AI Risk & Governance

NZ FMA Supports Use of Gen AI by Finance Sector

By Nithya Subramanian | 30/03/2024

Executive Director Daniel Trinder said the FMA would like to hear from firms about their use of GenAI to understand how risks are managed.

Fraud, Scams & Cybercrime

Westpac Unveils “First of its Kind” Anti Scam Service

By Sanday Chongo Kabange | 28/03/2024

The AI-powered service will ask customers to answer a “series of dynamic questions” if a new payment appears to have high scam risk.

Anti-Money Laundering

BIS Innovation Hub Launches New Phase of AML Project

By Manesh Samtani | 28/03/2024

Phase 2 of Project Aurora aims to, among other things, deliver real-world proofs-of-concept that could scale to a potential pilot.

Reporting & Disclosures

JPX Releases Results of GenAI-powered TCFD Disclosure Checks

By Editors | 27/03/2024

GenAI enabled JPX to widen the coverage of the checks, making breakdowns by market segment, company size, and sector possible.

Fraud, Scams & Cybercrime

Malaysia SC Enhances PLC Surveillance With AI Technology

By Editors | 26/03/2024

An internally developed AI-powered tool called ‘PLC360’ can predict the likelihood of misconduct and identify emerging trends and supervisory concerns.

AI Risk & Governance

BIS Launches New AI & Data Project to Gain Economic Insights

By Editors | 25/03/2024

Project Neo aims to address the loss of effectiveness in decision-making as a result of delays and a lack of detail in official macroeconomic statistics.

Anti-Money Laundering

Achieving Effectiveness in AML is a Shared Mission: HKMA’s Carmen Chu

By Bradley Maclean | 25/03/2024

Ms Carmen Chu discusses Hong Kong’s threat landscape, HKMA’s efforts to improve industry effectiveness, and key messages for FIs on collaboration and the use of technology.

Cloud & Infrastructure

HSBC Offers Boost to Hong Kong Fintech Ecosystem

By Sanday Chongo Kabange | 21/03/2024

The Hong Kong Science and Technology Parks Corporation has signed a three-year strategic partnership with HSBC.