AI, Technology & Data

Cybersecurity

S. Korea Finalises Rule Changes to Bolster Cyber Resilience

By Mark Johnston | 10/02/2025

The revisions provide financial institutions greater decision-making autonomy and strengthen the role of CEOs and directors in overseeing cybersecurity matters

AI Risk & Governance

GFIN Report Calls Out Risks to Consumers from AI

By Thisanka Siripala | 10/02/2025

The report says financial consumers could be harmed by black box approaches, data privacy issues, and AI washing.

AI Risk & Governance

EU Commission Releases Guidelines on Prohibited AI Practices

By Thisanka Siripala | 09/02/2025

Eight AI applications will be banned strictly prohibited due to their potential risks to European values and fundamental rights.

Fraud, Scams & Cybercrime

Europol Leads Global Operation to Dismantle Cybercrime Forums

By Thisanka Siripala | 09/02/2025

Authorities made two arrests, seized 12 domains, and confiscated 17 servers and over 50 electronic devices.

Cybersecurity

SFC Directs Brokers to Address Cybersecurity Vulnerabilities

By Manesh Samtani | 07/02/2025

The SFC has set out expected standards after a review of cybersecurity breach incidents found several vulnerabilities at brokers

AI Risk & Governance

BIS Paper Offers Guidance on AI Governance in Central Banking

By Thisanka Siripala | 06/02/2025

The report recommends that central banks integrate AI oversight into existing risk management frameworks and processes such as the 3LoD model.

Fraud, Scams & Cybercrime

BSP Issues Draft Rules Authorising FIs to Freeze Suspicious Funds  

By Sanday Chongo Kabange | 06/02/2025

FIs will be able to temporarily hold “disputed funds” while they initiate a process to validate the legitimacy of the transaction.

Market Data & Technology

JPX to Enhance Access to Financial Market Data

By Thisanka Siripala | 05/02/2025

The JPX Research Institute will integrate its new J-LAKE data platform with Snowflake’s AI data cloud infrastructure.

Cloud & Infrastructure

Australia to Continue Allowing Virtual Meetings, Digital Documents

By Sanday Chongo Kabange | 04/02/2025

Stephen Jones called on ASIC, ASX and industry bodies to issue guidance on appropriate conduct and use of technology at meetings