AI, Technology & Data

CBDCs

The Future Legal Tender: Chinese Views on CBDC

By Stephen Deane | 19/09/2023

Stephen Deane and Olivier Fines discuss the findings of a global survey on CBDCs, focusing on views from respondents in mainland China.

Data Privacy

Australia Consults on Bill to Expand Digital ID System

By Mark Johnston | 19/09/2023

The bill would allow myGovID to be used in the private sector, and allow accredited private sector IDs to be used for some government services.

Cloud & Infrastructure

Hong Kong Launches Open API Framework for Insurance Sector

By Editors | 19/09/2023

A Central Register has also been developed as a new digital infrastructure for API-related initiatives in the insurance industry.

Fraud, Scams & Cybercrime

Singapore Banks Integrate Anti-Malware Feature in Mobile Apps

By Editors | 19/09/2023

The security feature enables banks to block access to their mobile apps and alert the customer if malware is detected on their device.

Cybersecurity

SFC to Commence Review of Industry Cybersecurity Practices

By Manesh Samtani | 18/09/2023

Commencing this month, the review will entail a survey of licensed corporations as well as meetings and on-site inspections with selected firms.

Fraud, Scams & Cybercrime

SC Ventures’ Su Kiang Lau Shares How Banks Face Fraud and Cybersecurity Challenges

By Editors | 18/09/2023

Su Kiang Lau, Executive Director – Conduct, Financial Crime and Compliance at SC Ventures, spoke at Regulation Asia’s Fraud & Financial Crime Asia 2023 event on 13 July. At the sidelines of the event, he discussed how banks are looking at major challenges such as fraud, cybersecurity crime and data security. He also shared how Standard Chartered is using data to detect fraud risks.

Trading & Investment

Beijing Authorities Announce Measures to Support Tech Unicorns

By Editors | 17/09/2023

The measures emphasise a focus on facilitating public listings by tech unicorns in both domestic and overseas stock markets.

KYC & CDD

Australia Introduces Identity Verification Services Bill to Parliament

By Editors | 17/09/2023

The government said the bill strikes “the right balance between achieving fast and convenient identity verification and maintaining strong standards of privacy and security.

AI Risk & Governance

US to Tighten Foreign Investment Scrutiny Amid China Concerns

By Mark Johnston | 15/09/2023

CFIUS will increase its compliance checks, questions, and site-visits, and hire more third-party auditors to identify deals that could impact national security.