AI, Technology & Data

Cloud & Infrastructure

ASIC Launches Pilot Digital Portal for AFS Licensing

By Editors | 30/08/2024

The pilot involves a limited number of new AFSL applications before the new digital portal is fully adopted in Q1 2025.

Structural Regulation

RBI Grants Recognition to First SRO for Fintech Sector

By Ajoy K Das | 30/08/2024

The RBI granted recognition to the ‘Fintech Association for Consumer Empowerment’, known as FACE.

Data Privacy

EU, China Launch Formal Discussions on Cross-border Data

By Editors | 29/08/2024

The discussions seek to find ways for EU businesses to receive non-personal data from China without breaking the country’s data laws.

Data Privacy

Europol, New Zealand Can Share Personal Data to Combat Crime

By Ranamita Chakraborty | 29/08/2024

A new agreement has entered into force that allows Europol and New Zealand authorities to exchange personal data to combat crime.

AI Risk & Governance

Singapore to Issue Standards for AI-Based Valuation Models

By Nithya Subramanian | 29/08/2024

IVAS also working on new guidelines and a new online professional development course focusing on valuing intangible assets.

AI Risk & Governance

RBI Developing New Unified Platform to Facilitate Lending

By Ajoy K Das | 28/08/2024

The so-called “Unified Lending Interface” will provide lenders digital access to customer data from land records and other sources.

AI Risk & Governance

Hong Kong Launches HKUST Institute for Financial Research

By Ranamita Chakraborty | 28/08/2024

The new research institute aims to address social and economic issues through financial research and technological innovation.

Reporting & Disclosures

HKMA Highlights Power of AI to Mitigate Greenwashing Risk

By Manesh Samtani | 28/08/2024

HKMA published a bulletin offering guidance to FIs on the use of AI-powered ESG tools to help manage climate greenwashing risk.

AI Risk & Governance

Korea: FSC Chairman Pledges Support for AI Initiatives

By Editors | 28/08/2024

Kim Byoung-hwan said regulations will be relaxed to ensure the financial sector leads Korea’s push to become a top-three global leader in AI.