AI, Technology & Data

AI Risk & Governance

PBOC Embracing AI to Create “Digital Central Bank”

By Mark Johnston | 19/03/2025

Besides leveraging AI in the performance of its own duties, the PBOC will also promote the use of the technology by financial institutions.

Cybersecurity

Taiwan Fines Singapore Fintech Firm Over China Links

By Nithya Subramanian | 19/03/2025

AnyTech violated Taiwan’s investment norms due to links to a Beijing-based investor. Cathay United Bank terminated its contract with the Singapore company.

Data Privacy

Japan Post Data Misuse Probe Identifies 10 Million Affected Accounts

By Thisanka Siripala | 19/03/2025

Japan Post Group has cut the pay of 14 executives after finding that 10 million accounts were accessed for insurance sales activities.

Conduct, Culture & Accountability

Korea FSS Starts On-site Inspections of Online Loan Brokers

By Thisanka Siripala | 19/03/2025

The focus is on whether the platforms prioritise financial products that benefit consumer needs, such as by listing loans with lower interest rates first.

Cloud & Infrastructure

Korea FSS Announces Plans to Transform Supervisory Processes

By Thisanka Siripala | 19/03/2025

The digital transformation plan includes AI-based risk monitoring, a paperless regulatory framework, and a cloud-based collaboration system.

Structural Regulation

OJK Indonesia Issues Rules for Financial Service Aggregation Providers

By Mark Johnston | 18/03/2025

Aggregation services facilitate consumers in comparing, selecting, and/or using financial products and services that match their profiles and/or needs.

Payments & Settlements

Indonesia Launches QRIS Tap for Faster, Contactless Payments

By Nithya Subramanian | 18/03/2025

The central bank initiative aims to boost financial inclusion and accelerate digital payment adoption across Indonesia.

KYC & CDD

Korea Rolls Out Nationwide Mobile Resident Registration Card

By Thisanka Siripala | 18/03/2025

The initiative allows residents to access digital identification through their smartphones for use in activities such as bank account opening.

KYC & CDD

Taiwan Unveils Prototype of New Digital Identity Wallet

By Mark Johnston | 18/03/2025

The digital identity wallet will enable banks and insurance firms to save time and resources verifying the identities of customers.