AI, Technology & Data

AI Risk & Governance

Taiwan FSC Survey Reveals Growing Use of AI Among FIs

By Manesh Samtani | 29/05/2025

FSC survey reveals increased use of AI and generative AI among financial firms, focusing on operational improvements and fraud prevention.

Payments & Settlements

ASEAN, China, GCC Forge Trilateral Financial Cooperation Pact

By Editors | 29/05/2025

ASEAN, China, GCC agree on collaboration to boost regional trade and investment, including on capital markets, local currency usage, cross-border payments, fintech and AI.

Cybersecurity

Korea Launches Bug Bounty Programme to Fortify Cybersecurity

By Editors | 28/05/2025

FSS and FSEC offering rewards up to KRW 10 million for identifying vulnerabilities in financial systems, encouraging ethical hacking to enhance security.

Anti-Money Laundering

G7 Finance Ministers Pledge Action Against Financial Crime

By Manesh Samtani | 27/05/2025

G7 commits to strengthening AML frameworks, enhancing international cooperation, and supporting developing countries to combat financial crime.

Market Data & Technology

ASX Launches New Colocation Service for Market Participants

By Thisanka Siripala | 26/05/2025

ASX said the new service has the potential to benefit an underserved market segment, such as buy-side firms and smaller brokerage firms.

Data Privacy

FSB Convenes Inaugural Forum on Cross-Border Payments Data

By Editors | 26/05/2025

Participants discussed initiatives that could advance the FSB recommendations for addressing data-related frictions in cross-border payments.

KYC & CDD

Six Korean Banks to Jointly Launch Digital ID Verification Service

By Nithya Subramanian | 24/05/2025

An interconnected digital identity verification service will allow customers to use a single certificate across multiple mobile banking apps.

Cybersecurity

Korea Moves to Create New Cyber Threat Monitoring System

By Thisanka Siripala | 23/05/2025

The new platform will streamline cyber threat intelligence sharing and enhance digital monitoring across the financial sector.

Fraud, Scams & Cybercrime

Fighting Scams is a Community Effort: Singapore Police

By Manesh Samtani | 23/05/2025

Aileen Yap said Singapore’s strategy to fighting scams relies on quick response and collaboration between all stakeholders.