AI, Technology & Data

AI Risk & Governance

BIS Publishes 2025 Work Programme for Innovation Hub

By Manesh Samtani | 16/01/2025

The first two new projects in 2025, Project AISE and Project Gaia, will explore AI-based tools supporting supervision and green finance.

Cybersecurity

AFCA Working to Resolve Complaints from Latitude Cyber Attack

By Thisanka Siripala | 16/01/2025

AFCA has 224 open complaints over the 2023 cyber-attack at Latitude Financial Services, all of which should be resolved by 30 June 2025.

Data Privacy

JSDA Amends Rules to Streamline Digital Document Delivery

By Thisanka Siripala | 16/01/2025

The proposed amendments will allow securities firms to rely on implied consent for electronic delivery of documents.

Structural Regulation

Hong Kong Digital Banks Consider Opening Physical Branches

By Editors | 14/01/2025

HKMA said in October that it would allow digital banks to have limited physical branches to help them improve transaction processes and customer experience

Cloud & Infrastructure

HK Credit Data Platform Lowers Access Barrier for Small FIs

By Sanday Chongo Kabange | 14/01/2025

Platform operator HKICL has developed a new interface that provides a lower-cost and more convenient way for lenders to connect to Credit Data Smart.

PEPs & Sanctions

OFAC, OFSI Publish MOU on Sanctions Cooperation

By Manesh Samtani | 14/01/2025

The MOU aims to foster greater alignment in sanctions enforcement by facilitating secure and collaborative information sharing.

AI Risk & Governance

What Makes Asia a Hub for Innovative Regulation?  

By Manoj Singh | 14/01/2025

The RBI’s Manoj Singh says Asia is a natural hub for innovative regulation, with Singapore increasingly being recognised for its leadership in fintech

Supervision & Enforcement

US SEC Fines 14 More Firms for Record-keeping Violations

By Thisanka Siripala | 14/01/2025

The latest penalties were imposed on units of Robinhood, Blackstone, Apollo, KKR, Charles Schwab, Santander and others.

Credit Risk

RBI Standardises Framework for Reporting Credit Information

By Manesh Samtani | 14/01/2025

Lenders must update credit bureau records every 15 days rather than monthly to ensure borrowers’ financial activities are reflected in credit scores more quickly