Cloud & Infrastructure

Cloud & Infrastructure

New Zealand FMA to Launch Regulatory Sandbox Pilot in 2025

By Editors | 12/12/2024

The FMA is inviting expressions of interest from firms interested in joining the sandbox pilot, which will run from January to July 2025.

Payments & Settlements

MAS Extends Deadline to Cease Corporate Cheque Processing

By Nithya Subramanian | 05/12/2024

MAS also launched a consultation paper proposing a roadmap to sunset corporate cheques and a transition plan for retail cheques.

AI Risk & Governance

DBS, EnterpriseSG, IMDA Launch Programme to Upskill SMEs on GenAI

By Nithya Subramanian | 03/12/2024

The programme offers SMEs a “structured, simplified approach” to discover use cases and practical applications of GenAI solutions for their business operations.

Cybersecurity

Japan Report Calls for Urgent Action to Address Quantum Risks

By Thisanka Siripala | 30/11/2024

Japanese FIs should have quantum-resistant cryptographic algorithms within high-priority systems ready for use by the mid-2030s.

Cloud & Infrastructure

China Issues Action Plan for Further Developing Digital Finance

By Editors | 30/11/2024

FIs are directed to designate a leading department for digital transformation and improve the quality and efficiency of digital financial services.

AI Risk & Governance

New Association Launches in Hong Kong to Advance AI Adoption

By Sanday Chongo Kabange | 28/11/2024

The new association seeks to advance the development, adoption, commercialisation and use of AI across Hong Kong.

AI Risk & Governance

UK Regulators Find Widespread Use of AI in Financial Sector

By Thisanka Siripala | 27/11/2024

75 percent of UK financial services firms already using AI in some capacity, but reliance on a small number of third-party providers raises concerns.

Data Privacy

Australia Consults on Expanding CDR Regime to Non-Bank Lending

By Sanday Chongo Kabange | 27/11/2024

The proposed draft rules will allow consumers to share their bank data with non‑bank lenders for products like residential mortgages and car loans.

AI Risk & Governance

BIS Launches GenAI Project to Improve ‘Inflation Nowcasting’

By Manesh Samtani | 20/11/2024

Project Spectrum will use GenAI to automatically categorise billions of individual product descriptions and price observations to improve inflation nowcasting.