AI, Technology & Data

Data Privacy

China Issues Guidelines for Personal Data Protection Compliance Audits

By Mark Johnston | 20/02/2025

China introduces mandatory compliance audits for entities handling personal data, aiming to enhance digital protection and security.

Cybersecurity

Korea FSS Unveils Plans to Strengthen “Digital Resilience” of Banks

By Nithya Subramanian | 20/02/2025

The FSS is urging banks to enhance cybersecurity, IT infrastructure, disaster recovery capabilities, and regulatory compliance.

Payments & Settlements

MPFA Announces Enhancements to eMPF Platform

By Sanday Chongo Kabange | 20/02/2025

Five MPF trustees have been onboarded to the new eMPF platform so far. Seven more will start onboarding starting in March.

AI Risk & Governance

Singapore: Unlocking the Potential of AI in the Fight Against Financial Crime

By Bradley Maclean | 19/02/2025

Brad Maclean discusses Singapore’s AI adoption journey, including the opportunities it has seized, the challenges it faces, and what lies ahead.

Trading & Investment

Budget 2025: Singapore Unveils Measures to Boost Stock Market

By Nithya Subramanian | 19/02/2025

Singapore will also set up a S$1bn private credit growth fund and allocate S$150mn to help companies improve their AI capabilities.

Conduct, Culture & Accountability

Australia Legislates to Prevent a Repeat of Robodebt Scandal

By Thisanka Siripala | 19/02/2025

Law passed to impose stricter accountability measures on government agencies and require public officials to cooperate in Ombudsman investigations.

Data Privacy

Korea Suspends DeepSeek AI Over Data Privacy Concerns

By Thisanka Siripala | 19/02/2025

DeepSeek has appointed legal representatives to address these regulatory concerns regarding the way it handles personal data.

AI Risk & Governance

Chinese President Hosts Rare Meeting With Tech Leaders

By Mark Johnston | 19/02/2025

Xi Jinping’s meeting with tech leaders suggests that private enterprises will be more treated kindly moving forward.

Fraud, Scams & Cybercrime

Singapore Issues Warning on Unauthorised Mobile Wallets Transactions

By Nithya Subramanian | 19/02/2025

Banks will require additional verification such as in-app controls or digital token authentication for provisioning cards onto mobile wallets.