AI, Technology & Data

AI Risk & Governance

AI Tightrope: Striking the Balance Between Rapid Deployment and Safety

By Ranamita Chakraborty | 16/01/2024

Experts weigh in on safety considerations for AI deployment amid a lack of specific regulation, especially for the financial sector.

Anti-Money Laundering

BIS to Study Financial Crime Detection in Retail Payments

By Editors | 15/01/2024

Project Hertha will map financial crime typologies in real-time payment systems, and build a synthetic dataset to test identification of the typologies.

Anti-Money Laundering

NYDFS Announces $8m Settlement With Genesis Global Trading

By Editors | 15/01/2024

Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.

AI Risk & Governance

Lion Global Investors Unveils Singapore’s First Actively Managed ETF

By Nithya Subramanian | 15/01/2024

The active ETF, launched in collaboration with Nomura Asset Management, employs AI models for dynamic portfolio management.

Cybersecurity

China Orders Banks, Insurers to Tighten Cyber, Data Security

By Mark Johnston | 15/01/2024

Banks and insurers were asked to address the risk of ransomware attacks, strengthen the secure usage of emails, and protect against phishing attacks.

Fraud, Scams & Cybercrime

Singapore Police Using RPA Tech to Disrupt Scams

By Editors | 12/01/2024

RPA technology has enabled the Police to automate information sharing, information processing, and the mass distribution of SMS alerts.

Cryptocurrency

FINRA Report Describes Crypto-related Compliance Risks

By Mark Johnston | 12/01/2024

FINRA says member firms must notify it if they or their affiliates engage or plan to engage in crypto asset-related activities.

AI Risk & Governance

AI Use and Climate Change Pose Biggest Risks: WEF Report

By Ranamita Chakraborty | 11/01/2024

The report’s findings come as global leaders are due to meet next week in Davos, Switzerland for WEF’s annual summit.

Cybersecurity

US SEC to Investigate False Tweet on Bitcoin ETF Approvals

By Mark Johnston | 09/01/2024

US SEC claims official X account was hacked, posting a false tweet about approving bitcoin ETFs, causing a brief surge and crash in bitcoin price.