AI, Technology & Data

Market Risk

Navigating APRA’s Revised IRRBB Requirements

By Bradley Maclean | 12/11/2024

Australian bankers are concerned about tight implementation timelines for APS 117, given the significant model development and testing work needed.

Fraud, Scams & Cybercrime

Feedzai Wins Best Use of AI for Fraud and Financial Crime Prevention

By Editors | 11/11/2024

Feedzai’s RiskOps was awarded Best Use of AI for Fraud and Financial Crime Prevention by a technology vendor at the 7th Regulation Asia Awards for Excellence 2024.

Cloud & Infrastructure

Global Fintech Institute Launches New Platform to Drive Innovation

By Nithya Subramanian | 08/11/2024

A new Startup Investment Credentials framework was also released to provide a standardised approach for evaluating fintech startups.

Cybersecurity

UK Orders Chinese Firm to Sell Stake in Semiconductor Business

By Editors | 07/11/2024

The order aims to mitigate the risk of “UK-developed semiconductor technology and associated intellectual property being deployed in ways that are contrary to UK national security”.

Fraud, Scams & Cybercrime

Interpol-led Operation Takes Down Thousands of Servers Liked to Cybercrime

By Nithya Subramanian | 07/11/2024

Hong Kong Police took more than 1,037 servers offline, while Macau Police took down 291 servers as part of Operation Synergia II.

Data Privacy

GBA Initiative on Cross-border Data Transfers Extended and Enhanced

By Manesh Samtani | 07/11/2024

The framework, launched at the end of last year, initially only applied to the banking, credit referencing and healthcare sectors. All sectors can now participate.

Payments & Settlements

New Project Nexus Entity to be Established in Singapore

By Editors | 07/11/2024

The new management entity will oversee the live implementation of the Nexus operational model, which involves linking instant payment systems.

Fraud, Scams & Cybercrime

Taiwan Showcases Financial Sector’s New Anti-Fraud Tech Projects

By Editors | 07/11/2024

The initiatives include a joint learning project aimed at enhancing the accuracy of fraud detection models, and the use of telco data to help identify payment and remittance fraud.

AI Risk & Governance

WFE Paper Calls for Risk Sensitive Approach to AI Regulation

By Thisanka Siripala | 06/11/2024

The paper says AI-driven systems in financial markets should be regulated using the same core principles that apply to existing technologies.