AI, Technology & Data

AI Risk & Governance

FSC Korea Approves 96 New Innovative Financial Services for Sandbox

By Nithya Subramanian | 19/04/2025

The latest batch of designations includes approvals for 22 companies to integrate GenAI and cloud-based SaaS tools within their internal networks.

Structural Regulation

ASIC Digital Licensing Portal for AFS Licensees Rollout Set for May

By Thisanka Siripala | 17/04/2025

The new portal streamlines the licensing process by pre-filling known information and collecting essential information upfront.

AI Risk & Governance

Korea FSC Introduces AI and Data Upgrades to D-Testbed Offering

By Thisanka Siripala | 17/04/2025

The updated programme has an AI-focused track and allows participants to integrate their own data into the D-Testbed analysis environment.

Fraud, Scams & Cybercrime

Japan FSA Orders Prudential Life Insurance to Address Misconduct

By Thisanka Siripala | 16/04/2025

The FSA ordered Prudential Life Insurance to submit a detailed plan for addressing fraud and data breaches by former employees.

Cybersecurity

JPX Investigates Potential Data Exposure After Email Security Breach

By Thisanka Siripala | 16/04/2025

A breach at email security services provider IIJ affected up to 4 million email accounts. JPX is assessing whether its own data was compromised.

Cybersecurity

FSB Finalises Common Format for Cyber Incident Reporting

By Manesh Samtani | 16/04/2025

FIRE is a standardised and adaptable format developed to enhance the efficiency and consistency of cyber and operational incident reporting.

Conduct, Culture & Accountability

NZ Banking Reform Group Urges FMA to Use New CoFi Powers Against Banks

By Sanday Chongo Kabange | 16/04/2025

The Banking Reform Coalition wants the FMA to force banks to pass lower interest rates to consumers sooner.

Structural Regulation

Korea to Relax Fintech Investment Rules for Financial Holding Companies

By Nithya Subramanian | 16/04/2025

The proposed amendments will loosen restrictions on investment by financial holding companies in fintech firms.

Payments & Settlements

RBI Allows NPCI to Revise UPI Transaction Limits

By Nithya Subramanian | 15/04/2025

The RBI will allow NPCI to adjust UPI payment limits. It is also making its sandbox “theme neutral” and “on tap”.