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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.

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.

Payments & Settlements
CPMI Seeks Experts on Cross-border Payment APIs
By Editors | 31/05/2023
API experts are invited to join a new CPMI panel to work onharmonisation of API protocols used in cross-border payments.

Cybersecurity
NYDFS Fines Lender $4.25m for Breaching Cybersecurity Rules
By Mark Johnston | 25/05/2023
OneMain Financial Group failed to properly manage access privileges and conduct due diligence on third-party vendors, NYDFS said.

ESG Data
PITCH! REGTECH: ESG Data Needs to Be More Accurate
By Ranamita Chakraborty | 25/05/2023
Panellists at Regulation Asia’s PITCH! REGTECH conference said RegTech needs to be “creative” to help FIs manage ESG data.

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.

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.

Market Data & Technology
SEBI Issues IT System Testing Framework for MIIs
By Editors | 09/05/2023
SEBI says market infrastructure institutions, being systemically important, require their own IT systems testing framework.

Cloud & Infrastructure
Singapore Fintechs to Get Support for Australia Expansion
By Editors | 02/05/2023
The SFA and Austrade signed an MoU that will help fintechs expand across borders. Support will be provided by Enterprise Singapore, HSBC and AWS.

CBDCs
HKMA, PBOC Explore Use of CBDC for Cross-border Payments
By Editors | 26/04/2023
HKMA deputy chief Darryl Chan said there is scope to expand the Wealth Management Connect scheme and use CDI data for cross-border finance.

Cloud & Infrastructure
FSC Korea Enhances Fintech Sandbox Programme
By Editors | 24/04/2023
Moving forward, the FSC will be recruiting D-Testbed participants twice a year instead of once.
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