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AI, Technology & Data
Cybersecurity
Financial Sector “Highly Exposed” to Cyber Risks, IMF Warns
By Manesh Samtani | 11/04/2024
This is the first time the IMF has assessed cybersecurity in its Global Financial Stability Report, which says cyber policy frameworks are “inadequate”.
Fraud, Scams & Cybercrime
India’s NSE Cautions Investors of Deep Faked Videos of CEO
By Ajoy K Das | 11/04/2024
The exchange said investors should not follow advice coming from deepfaked videos of its CEO recommending stocks.
Payments & Settlements
US CHIPS Network Completes Migration to ISO 20022
By Editors | 11/04/2024
The CHIPS network, operated by The Clearing House, has become the first high-value payment system in the US to adopt ISO 20022.
Fraud, Scams & Cybercrime
AI Deepfakes: An Insidious Threat and Real Challenge for FIs
By Nithya Subramanian | 11/04/2024
As regulators in Asia-Pacific take a range of approaches to tackle deepfakes, the evolving nature of this threat requires continuous vigilance and proactive measures from FIs.
Fraud, Scams & Cybercrime
Taiwan FSC Calls for Greater Use of Technology to Combat Fraud
By Editors | 10/04/2024
The FSC brought together government agencies as well as the financial, telecommunications, and technology industries to discuss anti-fraud measures.
Cybersecurity
MAS, Mastercard Agree to Cooperate on Cybersecurity
By Editors | 10/04/2024
The MoU covers intelligence sharing and joint analysis of cyber threats impacting financial services as well as competency-building activities.
Operational Risk
NZ FMA to Require Operational Resilience as Licence Condition
By Sanday Chongo Kabange | 09/04/2024
The FMA also launched a new “light-touch” online notification form for licence holders to notify the regulator of material incidents.
Cryptocurrency
Korea to Soon Release Listing Guidelines for Virtual Assets
By Editors | 09/04/2024
Crypto platforms will not be allowed to list tokens that have had security incidents, unless the cause has been identified and explained and the damage has been recovered.
Data Privacy
China Unveils New Measures to Deepen MSME Credit Access
By Editors | 08/04/2024
Platforms in China that aggregate credit data will be integrated into a national network, where a centralised hub will be used to collect and share credit information with FIs.
Emerging Prudential Risks
FSC Korea Establishes “Future Response Finance Taskforce”
By Editors | 08/04/2024
The taskforce will work to address financial industry challenges associated with demographic changes, climate change, and technological advancements.
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