AI Risk & Governance

    Reporting on regulatory approaches, ethical considerations, and risk management for AI technologies deployed in financial services and markets.

    AI Risk & Governance

    Govt Support Needed in AI, Big Data Industry: FTAHK

    By Editors | 25/05/2022

    Survey respondents said government support is needed to drive education and promote fairness, ethics, accountability and transparency in the industry.

    Payments & Settlements

    QR Code Payments Promote Credit Access for SMEs: BIS

    By Sanday Chongo Kabange | 09/05/2022

    QR payments allow the creation of a digital payment footprint that enables small firms to access credit from both big tech firms as well as banks.

    AI Risk & Governance

    HKMA Issues Regtech Guide on Adopting AI-based Solutions

    By Editors | 02/05/2022

    The guide highlights the need for banks to establish proper data and AI governance frameworks, and maintain continuous control over AI-based solutions post-implementation.

    AI Risk & Governance

    RegTech Adoption Requires Rethink of Regulatory Environment

    By Sanday Chongo Kabange | 20/04/2022

    New WEF paper outlines success factors for regtech adoption, a roadmap for implementation, and guidance on regulatory requirements.

    Structural Regulation

    China to Unify Domestic Markets to Prevent Unfair Competition

    By Editors | 19/04/2022

    China will cultivate a unified national ecological and environment market and create unified carbon emissions and water rights trading markets.

    Credit Risk

    China to Use ‘Social Credit’ Scores in Lending Market

    By Darien Choong | 07/04/2022

    Authorities say they are seeking to use the social credit system to improve financing opportunities and increase lending to businesses and individuals.

    AI Risk & Governance

    OJK Launches New Integrated Data Analytics System

    By Editors | 06/04/2022

    ‘OSIDA’ leverages data analytics and artificial intelligence to process and analyse large datasets reported by banks to detect risk.

    AI Risk & Governance

    BIS, MAS Launch Prototype Supervisory Analytics Platform

    By Manesh Samtani | 31/03/2022

    Project Ellipse can provide regulators with early warning indicators, analytics and prudential metrics to assist them in risk detection and banking supervision.

    AI Risk & Governance

    Australia Consults on Regulatory Framework for Financial Advice

    By Sanday Chongo Kabange | 29/03/2022

    The consultation asks how fintech could help reduce financial advice costs and how to make advice more accessible, including through robo-advisers.

    Cloud & Infrastructure

    RBI Establishes Innovation Hub to Promote Fintech Innovation

    By Editors | 27/03/2022

    RBI governor Shaktikanta Das said the underlying focus of the innovation hub will be to promote inclusive access to financial services and products.

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