AI, Technology & Data

Cybersecurity

Korea FSS Recommends 4.5-Month Ban for Lotte Card Over Data Breach

By Editors | 05/05/2026

The FSS has recommended a lengthy business suspension and a fine following a major customer data breach, with a final decision pending.

Structural Regulation

China's Legislature Progresses New Overarching Financial Laws

By Manesh Samtani | 04/05/2026

China’s top legislature has confirmed plans to formulate both a Financial Law and a Financial Stability Law this year, creating a new overarching legal framework for the financial sector.

Fraud, Scams & Cybercrime

India’s FinMin Directs Banks to Adopt 'MuleHunter' AI Tool

By Nithya Subramanian | 04/05/2026

The direction was issued following a major cyber-fraud probe that exposed widespread misuse of mule accounts, including alleged involvement of bank staff, as authorities step up coordination to curb digital financial crime.

Fraud, Scams & Cybercrime

Sri Lanka Treasury Heist Probe Widens Amid Second Fraud, Official’s Death

By Manesh Samtani | 04/05/2026

The USD 2.5 million cyber heist revealed deep-seated vulnerabilities and a second, similar fraud at another state entity.

Cybersecurity

Korea's FSS to Intensify Cyber Drills, Introduce AI Red Teaming

By Mark Johnston | 04/05/2026

Regulators will double the frequency of unannounced mock hacking exercises and introduce new tests for vulnerabilities in generative AI services.

Credit Risk

China Expands Lending Programme for Tech Innovation and Equipment Upgrades

By Mark Johnston | 04/05/2026

China’s key financial authorities have expanded a re-lending programme to include R&D-intensive SMEs and new sectors like artificial intelligence.

Payments & Settlements

Indonesia and China Launch Cross-Border QR Payments

By Nithya Subramanian | 03/05/2026

The linkage between Indonesia’s QRIS and Chinese payment systems aims to boost local currency settlement and deepen regional financial integration.

Data Privacy

Japan’s FSA Orders MetLife to Report on Data Breach Scandal

By Editors | 01/05/2026

The regulator has demanded a full report from MetLife Japan after its seconded employees improperly took customer data from several partner banks.

Operational Risk

Philippines SEC Sets New Direction for Digital Lending Oversight

By Sanday Chongo Kabange | 01/05/2026

The regulator is advancing a preventive framework through proposed new guidelines to address rising consumer complaints and structural risks in the digital credit market.