AI, Technology & Data

Cybersecurity

BIS to Develop AI Solution for Assessing Cyber Resilience

By Editors | 02/05/2024

The solution will be able to collect and analyse data to assess the cyber security and resilience maturity of a country’s financial sector.

Data Privacy

Revised State Secrets Law Takes Effect in China

By Editors | 01/05/2024

The amendments widened the scope of restricted sensitive information to “work secrets” and information that “will cause certain adverse effects if leaked”.

Cybersecurity

ICICI Bank Expresses Regret for Exposing Credit Card Data

By Ajoy K Das | 30/04/2024

A glitch caused 17,000 credit cards to be erroneously mapped to the wrong users, who were able to see all the card details in the bank’s mobile app.

Trading & Investment

Malaysia SC, IsDB to Cooperate on Islamic Capital Market

By Nithya Subramanian | 30/04/2024

The collaboration will facilitate innovation in Islamic fintech, promote Islamic social finance, and encourage investment inflows.

Data Privacy

Hong Kong Working on Proposals to Amend Privacy Law

By Manesh Samtani | 30/04/2024

The amendments will include the introduction of a mandatory personal data breach notification mechanism.

Anti-Money Laundering

HKMA Seeking to Identify Next Areas of Focus in AML Regtech

By Manesh Samtani | 29/04/2024

HKMA is inviting professional firms to recommend AML Regtech use cases where adoption rates can be targeted for increase over the next two years.

Data Privacy

Message Encryption In Focus for Indian, European Authorities

By Editors | 29/04/2024

WhatsApp will leave India if it is required to break encryption. Europol expresses concern with message encryption on Messenger.

Cloud & Infrastructure

Hong Kong Launches Cross-Industry Platform to Boost Fintech Adoption

By Sanday Chongo Kabange | 29/04/2024

‘FiNETech’ will enable financial institutions and tech firms to explore collaboration in the areas of wealthtech, insurtech, greentech, AI and DLT.

PEPs & Sanctions

US, Japan, Korea to Collaborate on Technology Export Controls

By Editors | 26/04/2024

The launch of the “Disruptive Technology Protection Network” comes amid US calls for Japan and Korea to tighten controls on chip-related exports to China.