AI, Technology & Data

Cloud & Infrastructure

RBI Announces Launch of Three New Fintech Initiatives

By Ajoy K Das | 31/05/2024

The RBI launched a new application portal, a mobile app for G-Secs trading, and repositories containing FinTech and EmTech data.

Sustainable Finance

Malaysia Unveils Initiatives to Further Boost Islamic Finance

By Nithya Subramanian | 31/05/2024

The SC will launch a social exchange by year-end and introduce P2P financing and equity crowdfunding for waqf developments.

Fraud, Scams & Cybercrime

Swift Announces Industry Partnership to Combat Fraud With AI

By Editors | 31/05/2024

FIs will share data with privacy-preserving controls so that AI can be used to detect fraud patterns from a “much richer dataset”.

Data Privacy

MAS Observes Data Governance Gaps at Some Banks

By Nithya Subramanian | 30/05/2024

Banks that underwent thematic inspections on their data governance and management have taken or are taking remedial actions.

AI Risk & Governance

EU Commission Establishes Artificial Intelligence Office

By Editors | 30/05/2024

The new Office is preparing guidelines on AI system definitions and prohibitions, and preparing to draw up codes of practice for general-purpose AI models.

Structural Regulation

ASIC to Launch New Professional Registers Search in June

By Sanday Chongo Kabange | 30/05/2024

The platform will allow users to search for a licence or registration across multiple registers with a single search.

Climate Risk

HKMA Launches Beta Platform for Physical Risk Assessments

By Sanday Chongo Kabange | 30/05/2024

The cloud-based platform enables banks to assess the physical risks of climate change on residential and commercial buildings.

Cybersecurity

BIS Explores GenAI Use to Boost Central Bank Cybersecurity

By Editors | 30/05/2024

Existing IT staff at central banks may not be fully prepared to handle the fast and disruptive innovations associated with GenAI.

AI Risk & Governance

Singapore Launches Digital Enterprise Blueprint for SMEs

By Nithya Subramanian | 30/05/2024

The DEB will support SMEs in making full use of their existing digital capabilities and help them adopt AI-enabled solutions.