AI Risk & Governance

AI Risk & Governance

RBI Considers Developing Regulatory Framework for Fintechs

By Editors | 07/07/2023

Deputy governor T Rabi Sankar Sankar indicated the RBI is committed to ensuring the fintech industry is provided adequate space to grow.

Cloud & Infrastructure

US to Restrict Chinese Access to Cloud Computing Services – Report

By Editors | 05/07/2023

Cloud providers like AWS and Microsoft Azure would have to seek government permission to serve Chinese firms that use such platforms to train AI models.

Cloud & Infrastructure

RBI Launches New Centralised Information Management System

By Sanday Chongo Kabange | 03/07/2023

The new system uplifts the RBI’s ability to handle large data flows, aggregate data, perform analysis, disseminate information to the public, and engage with reporting entities.

AI Risk & Governance

MAS Releases Guidelines for Responsible AI-use in FIs

By Karen Ng | 27/06/2023

Singapore’s financial regulator also released an open-source toolkit for FIs to carry out assessment methodologies for FEAT (fairness, ethics, accountability and transparency) principles.

Data Privacy

Korea ‘Financial AI Data Library’ to Start Operations in July

By Sanday Chongo Kabange | 24/06/2023

The Financial AI Data Library allows the reuse of pseudonymous information in a secure environment, which will help fintechs and financial firms save time and cost.

KYC & CDD

OCBC Launches Digital Account Opening Service for Foreign Consumers

By Editors | 23/06/2023

Customers who plan to relocate to Singapore from Malaysia, Indonesia, mainland China and Hong Kong can open OCBC bank accounts digitally.

AI Risk & Governance

ASIC Chair Cautions Against Hasty Implementation of AI Tools

By Editors | 22/06/2023

ASIC plans to extend its automated order processing rules to futures markets and update its electronic trading guidance to reflect developments with AI.

Cloud & Infrastructure

FSC Korea Unveils New Support Programme for Fintech Firms

By Mark Johnston | 22/06/2023

The FSC said it will select 30 promising fintech companies and provide them opportunities to obtain funding, receive consulting, and expand overseas.

Cloud & Infrastructure

Philippines, India Agree to Collaborate on FinTech Regulation

By Ranamita Chakraborty | 21/06/2023

Key representatives from the central banks and regulatory bodies of both countries have formed a joint working group.