AI, Technology & Data

Cloud & Infrastructure

BSP Eyes Open Finance Platform for Pensions, Insurance

By Mark Johnston | 28/05/2024

The open finance platform will use APIs to support access to different pension and insurance products and boost financial inclusion.

AI Risk & Governance

MAS Released New Project MindForge Whitepaper

By Editors | 28/05/2024

Building on the FEAT Principles and Veritas Methodology, the paper introduces a “platform-agnostic” reference architecture for responsible GenAI adoption.

Cloud & Infrastructure

Bursa Malaysia Launches API Gateway to Streamline Onboarding

By Nithya Subramanian | 28/05/2024

The new API Gateway will streamline onboarding and speed up CDS account opening, updating and reactivation.

Data Privacy

Worldcoin Ordered to Cease Iris-Scanning in Hong Kong

By Sanday Chongo Kabange | 24/05/2024

The PCPD has determined that the Worldcoin project has breached Hong Kong’s personal data privacy law.

Fraud, Scams & Cybercrime

“Ecosystem Approach” Vital to Combat Digital Fraud: HKMA

By Nithya Subramanian | 23/05/2024

Coordinated global efforts and information sharing initiatives are becoming more commonplace to combat fraud, but there is still work to do, said HKMA’s Carmen Chu.

Cybersecurity

US SEC Fines ICE for Late Notification of Cyber Intrusion

By Editors | 22/05/2024

Commissioners Hester Peirce and Mark Uyeda said the $10mn penalty was “disproportionately large” and creates a “counter-productive dynamic” with regulated entities.

Payments & Settlements

Swift Enables Banks to Improve Services for Corporates

By Editors | 22/05/2024

Swift will extend ISO 20022 across the entire payment chain, and provide ready-to-use, white-labelled payment tracking services via API.

AI Risk & Governance

AI Act Gets Final Approval from European Council

By Nithya Subramanian | 22/05/2024

The AI Act provides for increased transparency regarding the development and use of high-risk AI systems, while also encouraging innovation.

AI Risk & Governance

Top Tech firms Commit to AI Safety at Seoul Summit

By Nithya Subramanian | 22/05/2024

Google, Meta, Microsoft, OpenAI and others have pledged to not develop or deploy AI models if the risks cannot be sufficiently mitigated.