AI Risk & Governance

AI Risk & Governance

Leading Regtech Firms Announced as Winners at Pitch! Regtech

By Editors | 01/06/2023

Judges selected Aboitiz Data Innovation, HAWK:AI, Synpulse, and Rimm Sustainability as the winners at Regulation Asia’s inaugural Pitch! Regtech event.

AI Risk & Governance

MAS to Enhance Generative AI Capabilities via Google Partnership

By Editors | 01/06/2023

The collaboration will enable MAS will develop its own generative AI capabilities and “inspire greater adoption” of the technology in the financial sector.

Anti-Money Laundering

BIS Innovation Hub Concludes Study on Data Technologies for AML

By Manesh Samtani | 01/06/2023

Project Aurora highlighted the importance of payments data and demonstrated how privacy-enhancing technologies can enhance cross-border collaboration.

Credit Risk

Cambodia’s Sathapana Bank Signs Up For AI Platform

By Karen Ng | 29/05/2023

Artificial intelligence is being used by banks to assess the credit risk of borrowers.

Fraud, Scams & Cybercrime

PITCH! REGTECH: Rising Digital Crimes Give Urgency to Fraud Detection 

By Karen Ng | 25/05/2023

The prevalence of digital crimes has given urgency to the need by banks to develop cutting-edge fraud detection systems, says DBS Bank’s head of legal & compliance Lam Chee Kin.

AI Risk & Governance

MAS Launches AI & Data Analytics Talent Development Programme

By Editors | 23/05/2023

MAS will work with the IBF, educational institutions and training providers to develop and co-curate training programmes to address a shortage of AIDA talent.

Data Privacy

Korea Establishes Taskforce to Improve Data Regulations

By Editors | 19/05/2023

The taskforce was established to lay the groundwork for promoting “data-driven innovation” in the financial industry.

AI Risk & Governance

FSC Korea Vows to “Actively” Support AI-based Financial Services

By Sanday Chongo Kabange | 19/05/2023

FSC chairman Kim Joo-hyun asked FIs to actively invest in and use AI to strengthen the global competitiveness of Korea’s financial industry.

AI Risk & Governance

Key Committees in EU Parliament Vote to Adopt “AI Act”

By Editors | 13/05/2023

The rules are aimed at supporting AI innovation while also protecting rights, strengthening oversight, and ensuring mature governance and enforcement.