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AI, Technology & Data
Fraud, Scams & Cybercrime
RBI to Set Up Digital Platform to Minimise Payment Fraud
By Ajoy K Das | 10/06/2024
The RBI said the platform will allow “network level intelligence and real-time data sharing across the digital payments’ ecosystem”.
AI Risk & Governance
US Treasury Seeks Input on Use of AI in Financial Services
By Manesh Samtani | 07/06/2024
Treasury Secretary Janet Yellen said the use of AI in finance presents “tremendous opportunities and significant risks”.
Cybersecurity
Hackers Put Stolen Santander Data Up for Sale – Reports
By Editors | 05/06/2024
The hacking group reportedly stole 30 million customers’ bank account details and 28 million credit card numbers, among other information.
Cloud & Infrastructure
ECB Consults on Guidance for Outsourced Cloud Services
By Mark Johnston | 05/06/2024
The guide covers governance of cloud services, disaster recovery, data security and confidentiality, exit strategy, and other areas.
Fraud, Scams & Cybercrime
Korea to Develop AI Service to Counter Voice Phishing Scams
By Manesh Samtani | 04/06/2024
Authorities have agreed to share de-identified call data with private companies for use in developing AI services to prevent voice phishing scams.
Structural Regulation
Bangladesh Bank Grants First Digital Banking Licence
By Editors | 03/06/2024
The licence was granted to Nagad Digital Bank, which first approached Bangladesh Bank about a digital bank licence in 2020.
Cybersecurity
APRA Identifies Common Gaps in Data Backup Practices
By Sanday Chongo Kabange | 03/06/2024
APRA outlined some common issues and directed regulated entities to review their backup arrangements and address identified gaps promptly.
AI Risk & Governance
Singapore Launches Governance and Testing Frameworks for GenAI
By Nithya Subramanian | 03/06/2024
Project Moonshot is a toolkit for testing GenAI models. The new Model AI Governance Framework spells out nine dimensions to foster a trusted GenAI ecosystem.
AI Risk & Governance
ESMA Issues Guidance on Use of AI by Investment Firms
By Nithya Subramanian | 03/06/2024
The guidance focuses on the organisational, conduct of business, and best interest requirements under MiFID II.
Structural Regulation
RBI Finalises Recognition Framework for Fintech SROs
By Ajoy K Das | 01/06/2024
Entities seeking to become self-regulatory organisations in the fintech sector may submit an application with the RBI.
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