AI, Technology & Data

Fraud, Scams & Cybercrime

Global Consumer-Driven Fraud Surges in 2024: Report

By Thisanka Siripala | 16/05/2025

First-party fraud accounted for 36 percent of all fraud in 2024, up sharply from 15 percent in 2023.

Cybersecurity

Japan Urges Banks to Start Preparing for Post-Quantum Risks

By Thisanka Siripala | 16/05/2025

The FSA warns smaller banks may be most at risk amid rising threats and limited cybersecurity capacity.

Cybersecurity

Australian Data Breaches Hit Record High in 2024

By Thisanka Siripala | 16/05/2025

There were 1,113 data breach notifications in 2024, a 25 percent increase from the incidents reported in 2023.

Anti-Money Laundering

HKMA to Help Banks Deploy AI for Transaction Monitoring

By Sanday Chongo Kabange | 16/05/2025

HKMA has received submissions from banks describing their progress to incorporate AI in their transaction monitoring systems.

Structural Regulation

India Unveils Draft Rules for GIFT City TechFin and Ancillary Services

By Nithya Subramanian | 15/05/2025

The proposed framework seeks to streamline compliance processes, promote innovation, and enhance GIFT-IFSC’s appeal as a global financial hub.

Trading & Investment

ASIC Sues Macquarie Securities Over Short Sales Reporting

By Sanday Chongo Kabange | 14/05/2025

ASIC has sued Macquarie Securities for, what it claims is, repeated and systemic misleading conduct relating to the failure to report the volume of short sales.

Market Data & Technology

SET, Nasdaq Expand Partnership to Modernise Capital Market

By Editors | 14/05/2025

SET said the expanded partnership is aimed at enhancing system-wide efficiency, transparency, and risk management.

Sustainable Finance

HKMA Launches 2025 Green Fintech Competition

By Editors | 12/05/2025

The focus will be on five themes, including climate risk modelling, carbon market analytics, and sustainable investing, among others.

Cybersecurity

Sri Lanka Steps Up Incident Reporting Requirements for Banks

By Manesh Samtani | 12/05/2025

Banks have to report incidents such as hacking, ransomware, digital scams and unplanned system outages within two hours of detection